MT5 Strategy Tester Window - How to Use MT5 Strategy Tester Tutorial PDF
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 Software & determine the profitability of this Expert Advisor 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 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 forex EA and then right click on it and specify the option "Attach to Chart", once the 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 & it's the second last menu item on View Menu, A short-cut is to Press Ctrl+R MetaTrader 5 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 system and also for optimizing the profitability of this forex trading EA.
Automated Forex Trading EA: Parameter for choosing which forex 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 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 trading Automated Forex Expert Advisor
Visual Mode: Select To view the illustration of where this forex trading 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 Timeframe for which to use examples 1 H Chart
Optimization: Allow Optimization Settings for your Automated Forex EA Automated Forex Trading Bot
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 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 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 Expert Advisor testing is complete.
To view the click on options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT5 Strategy Tester for Automated Forex Trading EA testing you must go to navigator window, doubleclick 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 MT5 simulator.
Once you Run your Automated Forex Trading Expert-Advisor the Results will be illustrated on following window
MetaTrader 5 Strategies Tester Optimization Results
MetaTrader 5 Strategies Tester Optimization Graph
MetaTrader 5 Strategy-Tester Balance and Equity Graph
MT5 Strategy Tester Profit and Loss Graph - MetaTrader 5 Strategy Tester
The above is just a brief introduction to MetaTrader 5 strategy tester - 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 Automated Expert-Advisor automated forex trading robot will be the MetaTrader 5 Strategy Tester.
Note: You can only implement an Automated Forex Expert Advisor using data which has been downloaded & 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 Expert Advisor would trade.
