MetaTrader 4 Commodities Trading Strategy Tester Window
The MT4 Commodity Trading Strategy Tester in the MT4 platform is the environment used to back-test the profitability of an MT4 Commodity Trading Expert-Advisor which is an Automated Trading Bot & determine the profitability of this EA automated commodity trading strategy & then Optimize this EA to a point where it is giving good profits from its commodity automated trading activities.
NB: Before starting MT4 Commodity Strategy Tester illustrated and shown below, you must first attach a commodities EA on MT4 commodities trading chart, by going to the Navigator Window, selecting the commodities trading Expert Advisor and then right click on it and specify the option "Attach to Chart", once the Expert Advisor is attached to the MetaTrader 4 commodity chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties setting and then select option by Checking/Ticking "Allow Live Trading" & then continue with the MetaTrader 4 strategy tester shown below.
The MetaTrader 4 strategies tester option can be activated from the view menu and it's the second last menu item on the View Menu, A short cut is to Press Ctrl+R buttons on your key board.
The MT4 strategy Tester has the following Parameters for setting up before testing an Expert advisor automated commodities trading system & also for optimizing the profitability of this commodity trading EA.
Expert Advisor: Parameter for choosing which commodities trading EA you want to test among those installed on your MetaTrader 4 commodity trading software.
Symbol: The commodity chart for which you want to test the commodities trading Expert-Advisor on
Model: Whether to execute based on tick method, open commodity prices or control points
Use Date: Set the date to start the testing & the date to end the testing of the commodity Expert Advisor
Visual Mode: Select To view the illustration of where this commodities Expert Advisor opens & closes commodity trade as the testing goes on, there's also a slide bar to increase or decrease speed for this visual mode.
Period: Commodity Trading Chart Timeframe for which to use example 1 Hour Commodity Trading Chart
Optimization: Allow Optimization Settings for your Expert Advisor Automated Commodity Trading Bot
For example to test the above commodities EA on commodity chart for profitability, the settings can be set-up as displayed and shown above & the MetaTrader strategy tester is then run, by pressing & clicking on the 'Start Button Key'.
The following trade results are generated and an automated commodity trader can select to optimize the commodities Expert Advisor further by changing the Expert Advisors commodity trading settings.
Once the optimization of the commodities trading EA is complete the status bar will show progress, the above status bar displays the progress that the commodities trading Expert Advisor testing is complete.
To view click on the options highlighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT4 Commodities Trading Strategy Tester for Commodity Trading EA testing you must go to navigator window, double-click on this commodities Expert Advisor to attach it to the commodities chart & set the parameters as illustrated and shown below by checking the options provided below:
After setting the above settings then you can test your automated commodity trading strategy within MT4 strategy-tester.
Once you Run your Expert Advisor the Results will be displayed on the following window
MetaTrader 4 Commodities Trading Strategy-Tester Optimization Results
MetaTrader 4 Commodities Trading Strategy-Tester Optimization Graph
MetaTrader 4 Commodities Trading Strategy Tester Balance & Equity Graph
MetaTrader 4 Commodities Strategy Tester Tutorial
Above is just a brief introduction to the MT4 strategy-tester - automated trading with EA Commodity Trading 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 commodities trading EA automated commodities trading robot will be the MetaTrader 4 Commodities Strategy Tester.
NB: You can only implement an Automated Commodity Trading Expert-Advisor using data that has been downloaded and saved on your MT4 platform, therefore for the date settings choose the dates that you've been trading with your MetaTrader 4 to get a graph representation of how your automated commodities EA would trade.
