How to Use MT5 Strategy Tester Tutorial PDF
The MT5 CFD Strategy Tester in the MT5 platform is the environment used to back-test the profitability of an MetaTrader 5 Automated CFDs Expert Advisor which is an Automated Trading Software & determine profitability of this Expert Advisor automated cfd strategy and then Optimize this Expert-Advisor to a point where it is giving good profits from its cfd automated trading activities.
Note: Before beginning the MT5 CFD Strategy Tester shown below, you must first attach a cfd Automated CFDs EA on a MT5 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 MT5 cfd chart it will appear as it is illustrated below, Then Right Click on the Automated CFDs Expert Advisor, select properties & then select the option by Checking/Ticking 'Allow Live Trading' and then continue with the MT5 strategy tester shown below.
The MT5 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 MT5 buttons on your key board.
The MT5 strategy Tester has the following Parameters for setting up before testing an Automated CFDs EA automated cfd system & also for optimizing the profitability of this cfd EA.
Automated CFDs Expert Advisor: Parameter for selecting which cfd EA you want to test among those installed on your MT5 platform.
Symbol: The cfd instrument for which you want to test the cfd Automated CFDs 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 Automated CFDs Expert Advisor
Visual Mode: Select To view the illustration of where this cfd Expert Advisor opens & 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 Automated CFDs EA Automated CFD Robot
For example to test the above cfd Automated CFDs EA on the cfds trading for profitability, the settings can be set up as illustrated above & the 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 EA further by changing the Automated CFDs Expert Advisors cfd settings.
Once the optimization of the cfd Automated CFDs 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 the click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT5 Strategy Tester for Automated CFDs Expert Advisor testing you must go to navigator panel, double-click on this cfd EA 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 MT5 strategy tester.
Once you Run your Automated CFDs Expert Advisor the Results will be shown on the following windows
MetaTrader 5 Strategies Tester Optimization Results
MetaTrader 5 Strategies Tester Optimization Graph
MetaTrader 5 Strategy-Tester Balance and Equity Graph
MetaTrader 5 Strategy Tester Tutorial
The above is just a brief introduction to MT5 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 Automated CFDs EA automated cfd robot will be the MetaTrader 5 Strategy Tester.
Note: You can only implement an Automated CFDs Expert Advisor using data which has been downloaded and saved on your MT5 platform, therefore for the date settings select the dates that you have been trading with your MT5 to get a graph representation of how your automated cfd EA would trade.
