Forex Simulator MT4 - How to Use Forex Simulator MetaTrader 4 Strategy Tester Window

The MT4 Forex Strategy Tester in the MetaTrader 4 platform is the environment used to backtest the profitability of an MetaTrader 4 Expert-Advisor which is an Automated Software & determine the profitability of this EA automated trading strategy & then Optimize this Expert Advisor to a point where it is giving good profits from its forex automated trading activities.

Note: Before beginning MT4 Forex Strategy Tester shown below, you must first attach a forex Expert Advisor in MetaTrader 4 forex chart, by going to the Navigator Window, selecting the forex 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 forex chart it will add EA as shown and illustrated below, Then Right Click on EA, choose properties & then choose option by Checking/Ticking "Allow Live Trading" & then continue with the Forex Simulator MT4 Download - MetaTrader 4 Strategy Tester shown below - MT4 Forex Trading Simulator.

The Forex Simulator MT4 Download - MetaTrader 4 Strategy Tester option can be activated from view menu and it is the second last menu item on View Menu, A short-cut is to Press Ctrl+R button keys on your keyboard.

The Forex Simulator MT4 Download - MetaTrader 4 Strategy Tester has the following Parameters for setting up before testing an Expert advisor automated forex system and also for optimizing the profitability of this forex trading Expert Advisor.

Expert-Advisor: Parameter for choosing which forex trading Expert Advisor you want to test among those installed on your MT4 software.

Symbol: The currency pair for which you want to test the forex trading Expert-Advisor on

Model: Whether to execute based on tick method, open prices or control points

Use Date: Set the date to start the testing & the date to end the testing of the forex Expert-Advisor

Visual Mode: Select To view the illustration of where this forex Expert Advisor opens & 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 Timeframe for which to use examples 1 H Chart

Optimization: Allow Optimization Settings for your EA Automated Forex Trading Bot

For example to test the above forex trading EA on EURUSD currency for profitability, the settings can be set up as shown above and the MetaTrader platform strategy-tester is then run, by clicking "Start Button".

Following trade results are generated and an automated forex trader can select to optimize the forex trading EA further by changing the Expert Advisors forex trading settings.

Once the optimization of the forex trading EA is accomplished the status bar will show progress, the above status bar displays the progress that the forex Expert Advisor testing is complete.

To view the click on options high lighted above (Optimization Results, Optimization Graph, Journal)

Before running this Forex Simulator MT4 Download - MetaTrader 4 Strategy Tester for Expert Advisor testing you must navigate to navigator panel, double-click on this forex Expert Advisor to attach it to the FX chart and set the parameters as shown & illustrated below by checking options provided below:

After setting the above settings then you can test your automated trading strategy within the Forex Simulator MT4 Download - MetaTrader 4 Strategy Tester.

Once you Run your Expert Advisor the Results will be illustrated on following window panel

Forex Simulator MT4 - MetaTrader 4 Strategy Tester Optimization

Forex Simulator MetaTrader 4 - MT4 Strategies Tester Optimization Graph

Forex Simulator MT4 - MetaTrader 4 Strategy-Tester Balance and Equity Graph

Forex Simulator MT4 Guide - MT4 Strategy Tester Profit and Loss Graph

Above is just a brief introduction to the Forex Simulator MT4 Download - automated trading with EA 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 EA automated forex trading robot will be the Forex Simulator MT4 Download - MetaTrader 4 Strategy Tester.

Note: You can only implement an Automated Expert Advisor using data which has been downloaded and saved on your MT4 platform, therefore for the date settings select the dates that you have been trading with your MetaTrader 4 to get a graph representation of how your automated forex EA would trade.