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How To Use MetaTrader 4 Stock Indices EA Strategy Tester Tutorial PDF

The MetaTrader 4 Stock Indices Strategy Tester in the MetaTrader 4 platform is the environment used to back test the profitability of an MT4 Stock Index Expert Advisor which is an Automated Trading Program and determine the profitability of this EA automated stock indices strategy and then Optimize this EA to a point where it is giving good profits from its stock indices automated trading activities.


NB: Before starting the MetaTrader 4 Stock Indices Strategy Tester shown below, you must first attach a stock indices Expert Advisor on a MetaTrader 4 stock indices chart, by going to the Navigator Window, selecting the stock indices EA and then right click on it and specify the option “Attach to Chart”, once the EA is attached to the MetaTrader 4 stock indices chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties and then select the option by Checking/Ticking “Allow Live Trading” and then continue with the MetaTrader 4 strategy tester shown below.

How To Use MetaTrader 4 Stock Indices EA Strategy Tester Tutorial PDF


The MetaTrader 4 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 buttons on your keyboard.


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

MetaTrader 4 Stock Indices EA Strategy Tester Parameters Setting up Testing Expert advisor


Expert Advisor: Parameter for selecting which stock indices EA you want to test among those installed on your MT4 stock index platform.


Symbol: The stock indices instrument for which you want to test the stock indices Expert Advisor on


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


Use Date: Set the date to start the testing and the date to end the testing of the stock indices Expert Advisor


Visual Mode: Select To view the illustration of where this stock indices EA opens and closes stock indices trade as the testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.


Period: Stock Index Chart Time frame for which to use example 1 Hour Stock Indices Chart


Optimization: Allow Optimization Setting for your Expert Advisor Automated Stock Indices Robot


For example to test the above stock indices Expert Advisor on the stock index chart for profitability, the settings can be set up as shown above and the MetaTrader strategy tester is then run, by pressing the “Start Button”.


The following trade results are generated and an automated stock indices trader can choose to optimize the stock indices EA further by changing the Expert Advisors stock indices settings.

Placing Expert Advisor on MetaTrader 4 Stock Index Chart Strategy Tester


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Once the optimization of the stock indices Expert Advisor is complete the status bar will show progress, the above status bar shows the progress that the stock indices EA testing is complete.


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


Before running this MetaTrader 4 Stock Indices EA Strategy Tester for Stock Index Expert Advisor testing you must go to the navigator window, double click on this stock indices EA to attach it to the stock index chart and set the parameters as shown below by ticking the options provided below:

Setting up MACD Sample Expert Advisor on MetaTrader 4


After setting the above settings then you can test your automated stock indices strategy within the MetaTrader 4 strategy tester.


Once you Run your Expert Advisor the Results will be shown on the following windows


MetaTrader 4 Stock Indices EA Strategy Tester Optimization Results

MetaTrader 4 Stock Indices Platform Strategy Tester Optimization Results


MetaTrader 4 Stock Indices EA Strategy Tester Optimization Graph

MetaTrader 4 Stock Indices EA Strategy Tester Optimization Graph For MetaTrader 4 Stock Index Expert Advisors


MetaTrader 4 Stock Indices EA Strategy Tester Balance and Equity Graph

MetaTrader 4 Stock Indices EA Strategy Tester Balance and Equity Graph on MetaTrader 4 Stock Indices Software


MetaTrader 4 Stock Indices EA Strategy Tester Profit and Loss Graph

MetaTrader 4 Stock Indices EA Strategy Tester Profit and Loss Graph For Expert Advisors on MetaTrader 4


The above is just a brief introduction to the MetaTrader 4 strategy tester - automated trading with EA Stock Indices Robots is a wide topic that a stock indices trader will take some time and research to learn about but the main environment to test and optimize the stock indices Expert Advisor automated stock indices robot will be the MetaTrader 4 Stock Indices EA Strategy Tester.



NB: You can only implement an Automated Stock Index Expert Advisor using data that has been downloaded and saved on your MetaTrader 4 stock index platform, therefore for the date settings select the dates that you have been trading with your MetaTrader 4 to get a graph representation of how your automated stock indices EA would trade.

 

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