How to Use MT4 CFD EA Strategy Tester Lesson Tutorial
The MetaTrader 4 CFD Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 CFDs Expert-Advisor which is an Automated Trading Software and ascertain profitability of this EA automated cfd strategy & then Optimize this Expert-Advisor to a point where it's 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 Expert Advisor on a MT4 cfd chart, by going to the Navigator Window, choosing the cfd EA and then right click on it and specify the option "Attach to Chart", once the EA is attached to the MT4 cfd chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties and then select the option by Checking/Ticking "Allow Live Trading" & then continue with the MT4 strategy tester shown below.
The MT4 strategy-tester option can be activated from the view menu & it is the second last menu item on View Menu, A short-cut is to Press Ctrl+R button keys on your key board.
The MetaTrader 4 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 selecting which cfd EA you want to test among those installed on your MT4 software.
Symbol: The cfd instrument for which you want to test the cfd EA on
Model: Whether to execute based on tick technique, open cfd prices or control points
Use Date: Set the date to begin the testing & the date to end the testing of the cfd Expert-Advisor
Visual Mode: Choose To view the illustration of where this cfd EA opens & closes cfd trade as testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: CFDs Chart Timeframe for which to use examples 1 Hour CFD Chart
Optimization: Allow Optimization Settings for your EA Automated CFD Robot
For example to test the above cfd EA on the cfds chart for profitability, the settings can be set up as shown above and the MetaTrader platform strategies tester is then run, by clicking the "Begin Button Key".
Following trade results are generated & an automated cfd trader can choose to optimize the cfd EA 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 EA testing is complete.
To view result click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MetaTrader 4 CFD EA Strategy Tester for CFDs Expert-Advisor testing you must go to navigator window panel, doubleclick on this cfd EA to attach it to the cfds chart & set the parameters as shown and 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 EA the Results will be shown on the following window
MT4 CFD EA Strategies Tester Optimization Results
MT4 CFDs EA Strategies Tester Optimization Graph
MT4 CFD EA Strategy-Tester Balance & Equity Graph
MT4 CFD EA Strategy Tester Tutorial
The above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with EA CFD Robots is a wide topic that a trader will take some time and research to learn about but the main environment to test & optimize the cfd Expert Advisor automated cfd robot will be the MetaTrader 4 CFD Expert-Advisor 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 Expert-Advisor would trade.
