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MT4 Strategy Tester Window - How to Use MT4 Simulator Tutorial PDF

The MT4 Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 Expert Advisor which is an Automated Platform & ascertain the profitability of this Expert Advisor automated strategy & then Optimize this Expert Advisor to a point where it is giving good profits from its forex automated trade activities.

NB: Before starting the MetaTrader 4 Strategy Tester shown below, you must first attach a forex EA on a MT4 chart, by going to 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 MT4 chart it will appear and be shown as pictured below, Then Right Click the Expert Advisor, choose properties & then choose option by Checking/Ticking 'Allow Live Trade' & then continue with the MetaTrader 4 strategy tester shown below.

How Do I Use MT4 Simulator Tutorial PDF? - How Do I Use MT4 Strategy Tester PDF?

The MetaTrader 4 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 buttons on your key board.

The MetaTrader 4 strategy Tester has the following Parameters for setting up before testing an Expert advisor automated system and also for optimizing profitability of this forex EA.

MT4 Strategy Tester Parameters Setting up Testing Expert Advisors on MetaTrader 4 - MT4 Simulator for EAs

EA: Parameter for choosing which forex EA you want to test among the ones installed on your MetaTrader 4 software.

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

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

Use Date: Set the date to start the testing & the date to end and complete testing of the forex EA

Visual Mode: Select To view the illustration of where this forex EA opens & closes forex trade as the testing out goes on, there's also a slide bar provided to increase or decrease the speed for the visual mode.

Period: Chart Time Frame for which to use illustrations 1 Hour Chart

Optimization: Allow Optimization Setting for your Expert Advisor Automated Robot

For example, to test out the above forex EA on the EURUSD currency for profitability, the settings can be set up like is shown above & the MetaTrader trading platform strategy tester is then run, by pressing the "Begin Button".

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

MT4 Expert Advisor Strategy Tester - How to Test Expert Advisors for MetaTrader 4 Software Platform

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

To view result press options highlighted above (Optimization Results, Optimization Graph, Journal)

Before running this MetaTrader 4 Simulator for EA testing you must go to navigator panel, doubleclick on this forex Expert Advisor to attach it to chart and set the parameters such as displayed & shown below by checking options provided below:

Setting up MACD Sample EA on MetaTrader 4 - MT4 Strategy Tester - How Do I Use MT4 Simulator PDF?

After setting the above parameters then you as a trader can test out your automated trading strategy within MT4 strategy tester.

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

MT4 Strategy Tester Optimization Results

MT4 Simulator PDF - MT4 Strategy Tester Window Described - How Do I Use MT4 Simulator Tutorial?

MT4 Strategies Simulator Tester Optimization Graph

MT4 Strategy Tester Optimization Graph for MT4 EAs - How Do You Test MT4 EA in MT4? - How to Test EAs (Robots)

MetaTrader 4 Strategy Simulator Balance and Equity Graph

MetaTrader 4 Strategy Tester Window Explanation - MT4 Simulator for Expert Advisors

MT4 Strategy Tester Profit and Loss Graph - MT4 Strategy Tester

MT4 Simulator Profit and Loss Graph for Expert Advisors on MetaTrader 4 - How to Use MT4 Strategy Tester Tutorial

The above is just a brief intro to the MT4 strategies tester - automated trading with EA 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 EA automated bot will be the MetaTrader 4 Strategy Tester.

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

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