How to Use MT5 Strategy Tester Tutorial PDF
The MetaTrader 5 Strategy Tester in the MetaTrader 5 platform is the environment used to back-test the profitability of an MT5 Automated Expert Advisor which is an Automated Bot & determine profitability of this EA automated xauusd strategy & then Optimize this EA to a point where it's giving good profits from its automated activities.
Note: Before beginning the MT5 Strategy Tester illustrated below, you must first attach a Automated EA on a MT5 chart, by going to Navigator Panel, choosing the EA and then right click on it and specify the option 'Attach to Chart', once the EA is attached to the MT5 chart it will appear as it's pictured below, Then Right Click the Automated EA, select properties settings and then select option by Checking/Ticking 'Allow Live Trading' and then continue with the MT5 strategy tester illustrated below.
The MetaTrader 5 strategy tester option can be activated from the view menu and it's the second last menu item on View Menu, A short cut is to Press Ctrl+R MetaTrader 5 buttons on your keyboard.
The MT5 Strategy Tester contains the following Settings Parameters for setting up prior to testing an Automated EA automated xauusd system and also for optimizing the profitability of this EA.
Automated Expert-Advisor: Parameter for selecting which EA you want to test among those installed on your MT5 platform.
Symbol: The xauusd instrument for which you want to test out the Automated EA on
Model: Whether to execute depending on tick method, open prices or control points
Use Date: Set the date to begin the testing & date to end the testing of the Automated Expert-Advisor
Visual Mode: Select To view the simulation of where this xauusd Expert-Advisor opens and closes trade as testing out goes on, there's also a slide bar to increase or decrease the speed for this visual mode.
Period: Chart Time Frame for which to use example 1 Hour Chart
Optimization: Allow Optimization Settings for your Automated EA Automated Bot
For example, to test out the above Automated EA on the trade for profitability, the settings can be setup as portrayed & shown above & the MetaTrader platform strategy tester is then run, by taping the 'Start Button'.
The following trade results are generated and an automated trader can select to optimize the EA further by changing the Automated Expert Advisors xauusd settings.
Once optimization of Automated Expert-Advisor is complete the progress bar will show progress, the above status bar displays the progress that the EA testing is complete.
To view click options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT5 Strategy Tester for Automated Expert Advisor testing you must navigate to the navigator panel, doubleclick on this EA to attach it to chart & set the parameters as shown & displayed below by ticking the options provided below:
After setting up the above parameters then you as a trader can test out your automated xauusd strategy within the MT5 strategy tester.
Once you as a trader Run your Automated Expert Advisor the Results will be shown on the following windows
MetaTrader 5 Strategy Tester Optimization Results
MetaTrader 5 Strategies Tester Optimization Graph
MetaTrader 5 Strategy Tester Balance and Equity Graph
MT5 Strategy Tester Tutorial
The above is just a brief introduction to MT5 strategy tester - automated trading with EA Bots is a wide topic that a trader will take some time & research to learn about but the main environment to test and optimize the Automated EA automated robot will be the MT5 Strategy Tester.
Note: You can only implement an Automated 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 MetaTrader 5 to get a graph representation of how your automated Expert Advisor would trade.