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