MT4 BTCUSD Trading Strategy Tester Window
The MT4 Bitcoin Trading Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 Crypto EA which is an Automated Trading Program and determine the profitability of this EA automated bitcoin strategy & then Optimize this EA to a point where it is giving good profits from its bitcoin automated trading activities.
NB: Before starting MetaTrader 4 Bitcoin Trading Strategy Tester illustrated & shown below, you must first attach a cryptocurrency trading EA on a MT4 crypto chart, by going to the Navigator Window, selecting the cryptocurrency trading EA and then right click on it and specify the option 'Attach to Chart', once the EA is attached to the MT4 cryptocurrency chart it will appear as shown below, Then Right Click on the Expert Advisor, choose properties settings and then choose the option by Checking/Ticking 'Allow Live Trading' & then continue with the MT4 strategy tester shown below.
The MetaTrader 4 strategies tester option can be activated from the view menu and it is the second last menu item on the View Menu, A short cut is to Press Ctrl+R buttons on your key board.
The MT4 strategy Tester has the following Parameters for setting up before testing an Expert advisor automated cryptocurrency trading system & also for optimizing the profitability of this bitcoin trading EA.
Expert-Advisor: Parameter for selecting which cryptocurrency trading EA you want to test among those installed on your MetaTrader 4 software.
Symbol: The bitcoin chart for which you want to test the cryptocurrency Expert-Advisor on
Model: Whether to execute based on tick technique, open bitcoin trading prices or control points
Use Date: Set the date to start the testing & date to end the testing of the bitcoin trading Expert-Advisor
Visual Mode: Choose To view the illustration of where this cryptocurrency EA opens & closes bitcoin trade as the testing goes on, there's also a slide bar to increase or decrease speed for this visual mode.
Period: Bitcoin Chart Time Frame for which to use examples 1 H Bitcoin Chart
Optimization: Allow Optimization Settings for your EA Automated Bitcoin Bot
For example to test the above cryptocurrency trading EA on the cryptocurrency chart for profitability, the settings can be set-up as displayed and shown above and the MetaTrader platform strategy tester is then run, by clicking the 'Start Button'.
The following trade results are generated and an automated bitcoin trader can choose to optimize the cryptocurrency trading EA further by changing the EAs bitcoin trading settings.
Once the optimization of the cryptocurrency trading EA is complete the status bar will show progress, the above status bar shows the progress that the cryptocurrency Expert Advisor testing is complete.
To view click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT4 BTCUSD Trading Strategy Tester for Crypto EA testing you must go to the navigator window, double click on this cryptocurrency Expert Advisor to attach it to the cryptocurrency chart & set the parameters as illustrated and shown below by ticking the options provided below:
After setting the above settings then you can test your automated bitcoin strategy within MT4 strategy-tester.
Once you Run your EA the Results will be displayed on the following window
MT4 BTCUSD Trading Strategy-Tester Optimization Results
MT4 BTCUSD Trading Strategy-Tester Optimization Graph
MT4 BTCUSD Trading Strategy Tester Balance and Equity Graph
MT4 BTCUSD Strategy Tester Guide
Above is just a brief introduction to MT4 strategies tester - automated trading with EA Bitcoin Bots is a wide topic that a trader will take some time and research to learn about but the main environment to test and optimize the cryptocurrency trading EA automated cryptocurrency trading robot will be the MetaTrader 4 BTCUSD Strategy Tester.
NB: You can only implement an Automated Crypto EA using data that has been downloaded and saved on your MT4 software, therefore for the date settings select the dates that you have been trading with your MT4 to get a graph representation of how your automated cryptocurrency Expert Advisor would trade.
