MT4 Crypto EA Strategy Tester Window
In the MT4 platform, the MT4 BTCUSD Strategy Simulator is the environment used to back-test the profitability of an MT4 EA, which is an automated program, determine whether this automated bitcoin strategy is profitable, and then optimize the EA to the point that it is producing positive returns from its bitcoin automated activities.
Before starting the MT4 strategy tester for cryptocurrency trading, you'll need to attach an Expert Advisor (EA) to the chart. This is done by accessing the Navigator Panel, choosing the relevant EA, right-clicking on it, and selecting "Attach to Chart." Once attached, ensure you activate live trading by accessing the properties settings of the EA and enabling "Allow Live Trading." After setup is complete, you can proceed with testing strategies as described.
You can turn on MetaTrader 4's strategy tester from the View menu - it's the second-to-last item. Or just hit Ctrl+R on your keyboard for a shortcut.
The MetaTrader 4 Strategy Tester contains the following EA Parameter Setting for set up prior to testing-out an EA automated system and also for optimizing the profitability of this bitcoin EA.
EA: This parameter allows the trader to select which cryptocurrency Expert Advisor (EA) they wish to test among those installed on their MetaTrader 4 trading software platform.
Symbol: The btcusd crypto chart for which you as the trader want to test the EA on
Model: Whether to execute based on the tick method, open bitcoin prices or control points
Use Date: Set the date to start the testing & date to end and complete the testing of the bitcoin trading EA
Visual Mode: This option allows you to observe a visual representation of when the EA is opening and closing bitcoin trades as the testing progresses: a slider bar is also present for accelerating or slowing down the visual playback speed.
Period: Bitcoin Chart Time-frame for which to use exemplification 1H Bitcoin Chart
Optimization: Allow Optimization Setting for your Expert Advisor Automated BTCUSD Crypto Currency Robot
For example, to see if the cryptocurrency trading EA mentioned above is profitable, you can set it up on the chart as shown, and then use the MetaTrader platform's strategy tester by clicking the "Start Button."
Following trade results are generated and an automated bitcoin trader can choose to optimize the trading Expert Advisor further by changing the EAs bitcoin trading settings.
Once the optimization of the trading Expert Advisor is complete the status bar will show progress, the above status bar highlights the progress that the Expert Advisor testing is complete.
To view result click the options/choices highlighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT4 Expert Advisor Strategy Tester for Crypto EA testing you must go to navigator panel window, double click on this EA to attach it to the chart & set the parameters just as is illustrated & shown below by ticking the options/choices provided below:
Once you set up those options, test your automated bitcoin strategy in the MT4 simulator.
Once you Run your EA the Results will be displayed and illustrated on the following window
MT4 EA Strategies Tester Optimization Simulation Results
MT4 Expert Advisor Strategy Simulator Optimization Graph
MT4 EA Strategy Tester Balance and Equity Graph
MT4 Expert Advisor Strategy Tester Tutorial
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 & optimize the trading EA automated bot will be the Meta Trader 4 Expert Advisor Strategy Tester.
Note: You can only test an Automated Crypto EA using data that has been downloaded & saved in your MetaTrader 4 software, so for the date settings, pick the dates that you have been trading with your MT4 to get a graph showing how your automated EA would trade.
Learn More Tutorials and Courses:
- How Do Use Fib Pullback Levels for Day Trade BTCUSD?
- Combining Stochastic with Other BTC/USD Technical Indicators
- Bitcoin Trading using Fundamental Analysis System
- Chaikins Money Flow Bitcoin Indicator Trading Analysis in BTCUSD Charts
- How Can You Analyze/Interpret Continuation Setups?
