Grid Trading Strategy - Intraday Grid Trading Strategy Window - Grid Platform
The MT5 Forex Simulator Strategy Tester in the MetaTrader 5 platform is the environment used to back-test the profitability of an MetaTrader 5 Automated Expert Advisor which is an Automated Trading Software & ascertain profitability of this Grid Automated EA automated trading strategy & then Optimize this Grid Trading EA to a point where it is giving good profits from its automated trading activities.
NB: Before starting the MT5 Forex Simulator Strategy Tester pictured below, you must first attach a trading Automated EA on a MT5 chart, by going to the Navigator Window, choosing 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 chart it will appear as it's shown below, Then Right Click on the Automated Trading EA, choose properties and then select 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 & 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 MT5 strategy Tester has the following Parameters for setting up before testing an Automated EA automated trading system & also for optimizing the profitability of this Grid trading EA.
Automated Trading EA: Parameter for choosing which forex Grid trading EA you want to test among those installed on your MT5 software.
Symbol: The currency pair for which you want to test the trading Automated 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 trading Automated Expert Advisor
Visual Mode: Select To view the illustration of where this Grid EA opens & closes 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 EA Automated Bot
For example, to test the above forex trading Automated Trading EA on the EURUSD forex for profitability, the settings can be set up as illustrated above and the MetaTrader platform strategies tester is then run, by clicking the "Begin Button".
Following trade results are generated and an automated trader can choose to optimize the Grid trading EA further by changing the Automated Trading EAs trading settings.
Once optimization of trading Automated Trading EA is accomplished the status bar will show progress, the above status bar displays the progress that the Grid Expert Advisor testing is complete.
To view the result click options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this Grid Trading Strategy - Intraday Grid Strategy for Automated Trading EA testing you must go to navigator window, double-click on this Grid trading Expert Advisor to attach it to the chart & set the parameters as shown and illustrated below by checking options provided below:
After setting up the above settings then you can test your automated trading strategy within MT5 simulator.
Once you Run your Automated Trading EA the Results will be illustrated on following window
Grid Trading Strategy - Intraday Grid Trading Strategy Optimization
Grid Trading Strategy - Intraday Grid Strategy Optimization Graph
Grid Strategy - Intraday Grid Trading Strategy Balance and Equity Graph
Grid Trading 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 trading Automated EA automated trading robot will be the Grid Trading Strategy - Intraday Grid Trading Strategy.
Note: You can only implement an Automated 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 Grid Expert Advisor would trade.
