MT4 ==22==CryptoCryptoCurrency EA Strategy Tester Window
The MT4 BTCUSD Simulator Simulator in the MT4 platform is the environment used to backtest the profitability of an MT4 EA which is an Automated Program & ascertain the profitability of this EA automated bitcoin strategy and then Optimize this EA to a point where it's giving good profits from its bitcoin automated activities.
NB: Before starting MetaTrader 4 Bitcoin Strategy Tester illustrated & shown below, you must first attach a cryptocurrency trading EA on a MT4 chart, by going to the Navigator Window Panel, choosing the trading EA and then right-click on it & select the option/choice "Attach to Chart", once the Automated ==22==Expert--AdvisorEA is attached to the MetaTrader 4 cryptocurrency chart it will then appear and be shown such as shown below, Then Right-Click in the Automated Expert Advisor, select properties settings and then choose and select the choice/option by Checking/Ticking "Allow Live Trading" and then continue with the MetaTrader 4 strategy tester shown below.
The MetaTrader 4 strategy tester mode can be activated from the view menu & it's the second last menu item on the View Menu, A ==22==short-cutshort--cutshortcut is to Press Ctrl+R button keys on your key-board.
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: Parameter for selecting which cryptocurrency Expert Advisor(EA) you as the trader want to test out among the ones that are installed on your 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: Choose To view the illustration of where this EA opens & closes bitcoin trade as the testing goes on, there is also a slide bar to increase or decrease speed for the visual mode.
Period: Bitcoin Chart Time-frame for which to use exemplification 1H Bitcoin Chart
Optimization: Allow Optimization Setting for your ==22==Expert--AdvisorEA Automated BTCUSD ==22==CryptoCryptoCurrency Robot
For example illustration, to test the above cryptocurrency trading EA on the chart for profitability, the settings can be setup like as shown and displayed above and the MetaTrader platform strategy tester is then run, by pressing "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 ==22==and set the parameters just as is illustrated & shown below by ticking the options/choices provided below:
After setting up the above settings then you can test out your automated bitcoin strategy within MT4 simulator.
Once you Run your EA the Results will be displayed and ==22==illustratedshownillustrated--and--shown on the following window
MT4 EA Strategies Tester Optimization Simulation Results
MT4 ==22==Expert--AdvisorEA 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 which has been downloaded & saved in your ==22==MetaTrader--4 software, hence for the date settings choose the dates which you have been trading with your MT4 to get a graph representation of how your automated EA would trade.
Learn More Tutorials and Courses:
- How Can You Use Fibonacci Pullback Levels for Day Trade BTCUSD?
- Combining Stochastic with Other ==22==BTC--USDBTCUSDBTC/USD Technical Indicators
- Bitcoin Trading using Fundamental Analysis System
- Chaikins Money Flow Bitcoin Indicator Trading Analysis in Bitcoin Charts
- How ==22==CanDo You Analyze/Interpret Continuation Setups?