Grid Strategy
The MT4 Strategies Tester in the MT4 platform is the environment used to back-test the profitability of an MT4 Automated Expert Advisor which is an Automated Robot & determine the profitability of this Grid Trading Crude EA automated oil strategy & then Optimize this Grid Bot to a point where it's giving good profits from its automated trading activities.
Note: Before beginning the MetaTrader 4 Strategies Tester demonstrated below, you must first attach a Automated EA on a MT4 chart, by going to the Navigator Window Panel, choosing the Grid Robot & then right click on it & specify the option 'Attach to Chart', once the Grid Bot is attached to the MT4 chart it will then appear as it is demonstrated below, Then Right-Click on the Automated Expert-Advisor, select properties settings & then select the 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 & it is the second last menu item on View Menu, A short-cut is to Press Ctrl+R MetaTrader 4 buttons on your key-board.
The Meta Trader 4 Strategy Tester has the following Parameters for set up prior to testing-out an Automated EA automated crude oil system and also for optimizing the profitability of this trading Grid Trading Bot.
Automated Expert Advisor: Parameter for choosing which oil Grid Bot you want to test among those installed on your MetaTrader 4 platform.
Symbol: The oil instrument for which you as a trader want to test the Automated Oil Expert-Advisor on
Model: Whether to execute based on tick method, open prices or control points
Use Date: Set the date to begin the testing and date to end the testing of the Automated EA
Visual Mode: Choose To view the illustration of where this trading Grid Bot opens and closes trade as testing goes on, there's also a slide bar to increase or decrease the speed for this visual mode.
Period: Crude Oil Chart Timeframe for which to use examples 1 H Chart
Optimization: Allow Optimization Settings for your Automated Expert Advisor Automated Bot
For example to test the above Automated EA on oil for profitability, the settings can be set up as shown above and the MetaTrader trading platform strategy-tester is then run, by clicking 'Start Button'.
Following trade results are generated and an automated trader can choose to optimize the trading Grid Bot further by changing the Automated Expert Advisors settings.
Once the optimization of the Automated Expert Advisor is accomplished the status bar will show progress, the above status bar portrays the progress that the trading Grid Bot testing is complete.
To view the click on options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this Grid Oil Strategy - Intraday Grid Oil Strategy for Automated Oil Expert-Advisor testing you must go to navigator panel, double-click on this trading Grid Bot to attach it to the crude chart & set the parameters as shown below by ticking the options provided below:
After setting the above settings then you can test your automated oil strategy within the MetaTrader 4 simulator.
Once you Run your Automated Expert Advisor the Results will be shown on the following windows
Grid Strategy
Grid Strategy
Grid Strategy
Grid Oil Strategy - Intraday Grid Oil Strategy Profit and Loss Graph - Grid Crude Oil Bot - Grid Robot
Above is just a brief introduction to the MetaTrader 4 strategy-tester - automated trading with Grid Bot Robots is a wide topic that a trader will take some time and research to learn about but main environment to test and optimize the Automated EA automated crude trading robot will be the Intraday Grid Oil Strategy.
Note: You can only implement an Automated Expert Advisor using data which has been downloaded and saved on your MT4 platform, therefore for the date settings choose the dates that you've been trading with your MT4 to get a graph representation of how your automated oil Grid Bot would trade.