Grid Forex Strategy - How to Implement a Forex Grid Trading Strategy
The MT4 Strategy Tester in the MT4 platform is the environment used to back-test the profitability of an MetaTrader 4 Automated Forex EA which is an Automated Software and determine the profitability of this How to Implement a Grid Trading Strategy PDF automated trading strategy & then Optimize this Automated Grid Trading Strategy to a point where it is giving good profits from its forex automated trading activities.
NB: Before starting the MT4 Strategy Tester shown below, you must first attach a forex trading Automated Forex EA on a MT4 forex chart, by going to the Navigator Window, selecting the forex Automated Grid Strategy and then right-click on it and specify the option 'Attach to Chart', once the Automated Grid Trading Strategy is attached to the MT4 forex chart it will appear as it is illustrated below, Then Right Click on the Automated Forex EA, choose properties & then choose option by Checking/Ticking 'Allow Live Trading' & then continue with the MT4 strategy tester shown below.
The MT4 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 MetaTrader 4 buttons on your key-board.
The MT4 strategy Tester has the following Parameters for setting up before testing an Automated Forex EA automated forex trading system & also for optimizing the profitability of this forex trading Automated Grid Trading Strategy.
Automated Forex EA: Parameter for selecting which forex trading Automated Grid Trading Strategy you want to test among those installed on your MetaTrader 4 software.
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 EA
Visual Mode: Choose To view the illustration of where this forex trading Automated Grid Strategy 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 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 trading Automated Grid Trading Strategy further by changing the Automated Forex EAs forex trading settings.
Once the optimization of the forex trading Automated Forex EA is complete the status bar will show progress, the above status bar shows the progress that the forex trading Automated Grid Strategy 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 EA testing you must go to the navigator window, double click on this forex trading Automated Grid Trading Strategy 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 EA the Results will be displayed on the following windows
Grid Forex Strategy - Intraday Grid Forex 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 - Intraday Grid Forex Strategy Profit and Loss Graph
Above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with Automated Grid Trading Strategy 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 EA automated forex trading bot will be the Grid Forex Strategy - Intraday Grid Forex Strategy.
Note: You can only implement an Automated Forex EA using data which has been downloaded and saved on your MetaTrader 4 platform, therefore for the date settings select the dates that you have been trading with your MT4 to get a graph representation of how your automated forex trading Automated Grid Trading Strategy would trade.
