Grid Trading Forex Strategy - Intraday Grid Trading Forex Strategy Window - Grid Trading Software
The MT5 Forex Strategy Tester in the MT5 platform is the environment used to back-test the profitability of an MetaTrader 5 Automated Forex Expert Advisor which is an Automated Trading Software & ascertain profitability of this Grid Expert-Advisor automated trading strategy & then Optimize this Grid Trading EA to a point where it is giving good profits from its forex automated trading activities.
NB: Before starting the MT5 Forex Strategy Tester shown below, you must first attach a forex trading Automated Expert Advisor on a MT5 forex chart, by going to the Navigator Window, selecting the Grid Expert-Advisor & then right-click on it and specify the option 'Attach to Chart', once the Grid Trading EA is attached to the MT5 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 MT5 strategy tester shown below.
The MT5 strategy 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 MT5 button keys on your key board.
The MetaTrader 5 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 trading EA.
Automated Forex Trading EA: Parameter for choosing which forex Grid trading EA you want to test among those installed on your MT5 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 EA 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 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 EA 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 EA testing is complete.
To view the result click options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this Grid Trading Forex Strategy - Intraday Grid Forex Strategy for Automated Trading EA testing you must go to navigator window, doubleclick on this forex Grid trading EA 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 MT5 simulator.
Once you Run your Automated Forex Trading EA the Results will be illustrated on following window
Grid Trading Forex Strategy - Intraday Grid Trading Forex Strategy Optimization
Grid Trading Forex Strategy - Intraday Grid Strategy Optimization Graph
Grid Strategy - Intraday Grid Trading Forex Strategy Balance and Equity Graph
Grid Trading Forex Strategy - Grid Bot - Grid Trading EA
Above is just a brief introduction to MetaTrader 5 strategy tester - automated trading with Grid Trading 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 Automated Expert-Advisor automated forex trading bot will be the Grid Trading Forex Strategy - Intraday Grid Trading Forex Strategy.
Note: You can only implement an Automated Forex Trading Expert-Advisor using data which has been downloaded and saved on your MetaTrader 5 software, therefore for the date settings choose the dates that you've been trading with your MT5 to get a graph representation of how your automated forex Grid EA would trade.
