How to Use Meta Trader 4 Expert Advisor Strategy Tester Lesson PDF
The MetaTrader 4 XAUUSD Strategy Tester in the MetaTrader 4 platform is the environment used to backtest the profitability of an MT4 Expert Advisor which is an Automated Bot & determine profitability of this EA automated strategy and then Optimize this Expert Advisor to a point where it's giving good profits from its automated trading activities.
Note: Before beginning MT4 XAUUSD Strategy Tester shown below, you must first attach a gold Expert-Advisor on a MetaTrader 4 chart, by going to Navigator Window, choosing the Expert Advisor & then right click on it and specify the option "Attach to Chart", once the EA is attached to the MetaTrader 4 chart it will appear as displayed below, Then Right-Click the Expert-Advisor, select properties settings & then select the 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 & it's the second last menu item on View Menu, A short-cut is to Press Ctrl+R button keys on your key board.
The Meta Trader 4 Strategy Tester contains the following Expert-Advisor Parameter Settings for set up prior to testing-out an EA automated system & also for optimizing the profitability of this EA.
Expert-Advisor: Parameter for choosing which EA you want to test among those installed on your MT4 platform.
Symbol: The instrument for which you want to test out the 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 Expert-Advisor
Visual Mode: Select To view the illustration of where this EA opens & closes trade as testing goes on, there also a slide bar to increase or decrease the speed for the visual mode.
Period: Chart Timeframe for which to use examples 1 Hour Chart
Optimization: Allow Optimization Setting for your Expert-Advisor Automated Bot
For example, to test out the above Expert Advisor on the chart for profitability, the settings can be setup as highlighted & shown above and the MetaTrader platform strategy tester is then run, by pressing the "Start Button".
Following trade results are generated and an automated trader can choose to optimize the EA further by changing the Expert Advisors settings.
Once optimization of Expert-Advisor is complete the status bar will show progress, the above status bar highlights the progress that the Expert Advisor testing is complete.
To view result click the options high-lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MetaTrader 4 Expert Advisor Strategy Tester for Expert Advisor testing you must navigate to navigator window panel, doubleclick on this Expert Advisor to attach it to chart and set the parameters as displayed and illustrated below by ticking the options provided below:
After setting up the above parameters then you can test out your automated strategy within the MetaTrader 4 strategy tester.
Once you Run your Expert Advisor the Results will be illustrated on following window
MetaTrader 4 Expert Advisor Strategies Tester Optimization Results
MT4 EA Strategies Tester Optimization Graph
MetaTrader 4 EA Strategy Tester Balance and Equity Graph
MetaTrader 4 Expert Advisor Strategy Tester Tutorial Guide
The above is just a brief introduction to MetaTrader 4 strategy-tester - automated trading with EA Robots is a wide topic that a trader will take some time & research to learn about but the main environment to test and optimize the Expert-Advisor automated robot will be the Meta Trader 4 Expert Advisor Strategy Tester.
Note: You can only test out an Automated Expert-Advisor using data which has been downloaded ++3& saved on your ++3##Meta--Trader--4MT4 ++1##plaatform, ##1hence for the date settings ##3select the dates that you have been trading with your MetaTrader 4 to get a graph representation of how your automated EA would trade.
