How to Use MetaTrader 5 Strategy Tester Tutorial PDF
The MT5 Commodity Trading Strategy Tester in the MT5 platform is the environment used to back test the profitability of an MT5 Automated 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 the MT5 Commodity Strategy Tester illustrated and shown below, you must first attach a commodities trading Automated Commodity Expert Advisor on a MT5 commodities trading chart, by going to the Navigator Window, selecting the commodities trading EA and then right click on it and specify the option "Attach to Chart", once the EA is attached to the MT5 commodity chart it will appear as it is illustrated below, Then Right Click on the Automated Commodity Trading EA, select properties setting and then select option by Checking/Ticking "Allow Live Trading" & then continue with the MT5 strategy tester illustrated & shown below.
The MT5 strategy tester option can be activated from the view menu and it is second last menu item on the View Menu, A short Cut is to Press Ctrl+R MetaTrader 5 button keys on your keyboard.
The MT5 strategy Tester has the following Parameters for setting up before testing an Automated Commodity EA automated commodities trading system & also for optimizing the profitability of this commodity trading EA.
Automated Commodity Trading Expert Advisor: Parameter for selecting which commodities EA you want to test among those installed on your MT5 software.
Symbol: The commodity chart for which you want to test the commodities trading Automated Commodity 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 commodities trading Automated Commodity EA
Visual Mode: Select To view the illustration of where this commodities trading EA 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 Automated Commodity Expert-Advisor Automated Commodity Trading Bot
For example to test the above commodities trading Automated Commodity EA on commodity trading for profitability, the settings can be setup as displayed & shown above and 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 trading EA further by changing the Automated Commodity Expert-Advisors trading settings.
Once the optimization of the commodities trading Automated Commodity 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 MT5 Strategy Tester for Automated Commodity Trading EA testing you must go to navigator window, double-click on this commodities Expert Advisor to attach it to commodities chart & set the parameters as displayed and illustrated and shown below by ticking the options provided below:
After setting the above settings then you can test your automated commodity trading strategy within MT5 simulator.
Once you Run your Automated Commodity Expert-Advisor the Results will be displayed on the following windows
MT5 Strategy-Tester Optimization Results
MT5 Strategy-Tester Optimization Graph
MT5 Strategy Tester Balance and Equity Graph
MT5 Strategy Tester Tutorial
Above is just a brief introduction to MetaTrader 5 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 Automated Commodity EA automated commodities robot will be the MetaTrader 5 Strategy Tester.
NB: You can only implement an Automated Commodity Expert-Advisor using data that 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 commodities EA would trade.
