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