How to Use CFD Simulator MT4 Free
The MetaTrader 4 CFD Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 CFDs Expert-Advisor which is an Automated Trading Software & determine the profitability of this Expert Advisor automated cfd strategy and then Optimize this EA to a point where it's giving good profits from its cfd automated trading activities.
Note: Before beginning the MT4 CFD Strategy Tester shown below, you must first attach a cfd Expert Advisor on a MT4 cfd chart, by going to the Navigator Window, choosing the cfd Expert Advisor and then right click on it and specify the option 'Attach to Chart', once the Expert Advisor is attached to the MT4 cfd chart it will add EA as illustrated and shown below, Then Right Click on the EA, select properties settings and then select option by Checking/Ticking 'Allow Live Trading' and then continue with the CFD Simulator MT4 CFD Trading Platform Free - MT4 CFD EA Strategy Tester shown below.
The CFD Simulator MT4 CFD Trading Platform Free - MT4 CFD EA 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 button keys on your keyboard.
The CFD Simulator MT4 CFD Trading Platform Free - MT4 CFD EA Strategy Tester has the following Parameters for setting up before testing an Expert Advisor automated cfd system & also for optimizing the profitability of this cfd Expert Advisor.
EA: Parameter for selecting which cfd Expert Advisor you want to test among those installed on your MT4 cfds trading platform.
Symbol: The cfd instrument for which you want to test the cfd EA on
Model: Whether to execute based on tick technique, open cfd prices or control points
Use Date: Set the date to start the testing & the date to end the testing of the cfd Expert-Advisor
Visual Mode: Choose To view the illustration of where this cfd Expert Advisor opens and closes cfd trade as testing goes on, there is also a slide bar to increase or decrease speed for this visual mode.
Period: CFDs Chart Time Frame for which to use examples 1 Hour CFD Chart
Optimization: Allow Optimization Settings for your EA Automated CFD Robot
For example to test the above cfd EA on the cfds chart 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 Key".
The following trade results are generated & an automated cfd trader can choose to optimize the cfd Expert Advisor further by changing the Expert Advisors cfd settings.
Once the optimization of the cfd Expert-Advisor is complete the status bar will show progress, the above status bar shows the progress that the cfd Expert Advisor testing is complete.
To view result click on options highlighted above (Optimization Result, Optimization Graph, Journal)
Before running this CFD Simulator MT4 CFDs Trading Platform Free - MT4 CFD EA Strategy Tester for CFDs Expert-Advisor testing you must go to navigator window panel, doubleclick on this cfd Expert Advisor to attach it to the cfds chart and set the parameters as illustrated and shown below by ticking the options provided below:
After setting the above settings then you can test your automated cfd strategy within the CFD Simulator MT4 CFDs Trading Platform Free - MT4 CFD EA Strategy Tester.
Once you Run your EA the Results will be displayed on the following window
MT4 CFDs Expert Advisor Strategy-Tester Optimization Results
MT4 CFDs EA Strategies Tester Optimization Graph
MT4 CFDs EA Strategy Tester Balance & Equity Graph
MT4 CFD EA Strategy Tester Profit and Loss Graph - CFD Simulator MT4 CFDs Trading Platform Free - MT4 CFD EA Strategy Tester Tutorial
The above is just a brief introduction to the CFD Simulator MT4 CFD Trading Platform Free - MT4 CFD EA Strategy Tester - automated trading with Expert Advisor CFD Robots is a wide topic that a trader will take some time and research to learn about but the main environment to test & optimize the cfd Expert Advisor automated cfd robot will be the CFD Simulator MT4 CFD Trading Platform Free - MT4 CFD Expert-Advisor Strategy Tester.
NB: You can only implement an Automated CFDs Expert Advisor using data that has been downloaded and saved on your MT4 cfds trading 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 cfd Expert Advisor would trade.
