How to Use MT4 CFDs Strategy Tester Tutorial PDF
The MT4 CFD Strategy Tester in the MetaTrader 4 platform is the environment used to backtest the profitability of an MetaTrader 4 CFDs Expert-Advisor which is an Automated Software & determine the profitability of this EA automated cfd strategy and then Optimize this EA to a point where it is giving good profits from its cfd automated trading activities.
Note: Before beginning the MT4 CFD Strategy Tester shown below, you must first attach a cfd EA on a MT4 cfd chart, by going to the Navigator Window, choosing the cfd Expert Advisor and then right click on it and specify the option 'Attach to Chart', once the Expert Advisor is attached to the MT4 cfd chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties & then select the option by Checking/Ticking 'Allow Live Trading' and then continue with the MT4 strategy tester shown below.
The MetaTrader 4 strategy-tester option can be activated from the view menu & it's the second last menu item on View Menu, A short cut is to Press Ctrl+R button keys on your key board.
The MT4 strategy Tester has the following Parameters for setting up before testing an Expert advisor automated cfd system & also for optimizing the profitability of this cfd EA.
EA: Parameter for choosing which cfd Expert Advisor you want to test among those installed on your MetaTrader 4 software.
Symbol: The cfd instrument for which you want to test the cfd EA on
Model: Whether to execute based on tick method, open cfd prices or control points
Use Date: Set the date to begin the testing and the date to end the testing of the cfd Expert Advisor
Visual Mode: Select To view the illustration of where this cfd EA opens and closes cfd trade as testing goes on, there is also a slide bar to increase or decrease speed for this visual mode.
Period: CFDs Chart Timeframe for which to use examples 1 Hour CFD Chart
Optimization: Allow Optimization Settings for your Expert Advisor Automated CFD Robot
For example to test the above cfd EA on the cfds trading chart for profitability, the settings can be set up as displayed above & MetaTrader platform strategy-tester is then run, by clicking the 'Start Button'.
Following trade results are generated & an automated cfd trader can select to optimize the cfd Expert Advisor further by changing the Expert Advisors cfd settings.
Once the optimization of the cfd Expert Advisor is complete the status bar will show progress, the above status bar shows the progress that the cfd Expert Advisor testing is complete.
To view the click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT4 CFDs Strategy Tester for CFDs Expert Advisor testing you must go to navigator panel, double-click on this cfd Expert Advisor to attach it to the cfds chart & set the parameters as illustrated below by checking the options provided below:
After setting the above settings then you can test your automated cfd strategy within the MT4 strategy tester.
Once you Run your Expert Advisor the Results will be shown on the following window
MT4 CFDs Strategies Tester Optimization Results
MT4 CFDs Strategies Tester Optimization Graph
MT4 CFDs Strategy-Tester Balance and Equity Graph
MT4 CFDs Strategy Tester Tutorial
The above is just a brief introduction to MetaTrader 4 strategy-tester - automated trading with EA CFD Robots is a wide topic that a trader will take some time & research to learn about but the main environment to test & optimize the cfd EA automated cfd robot will be the MT4 CFDs Strategy Tester.
Note: You can only implement an Automated CFDs Expert Advisor using data which has been downloaded and saved on your MetaTrader 4 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 cfd EA would trade.
