Trade Gold Trading

Grid Trading Software

Within the MT5 platform, the Gold Simulator serves as the designated environment for conducting backtesting on the performance of a MetaTrader 5 Automated EA (Expert Advisor Bot), assessing the viability of that Grid Expert-Advisor's automated gold trading methodology, and subsequently optimizing this Grid EA until its automated trading operations yield consistent profits.

NB: Before beginning the MT5 Gold Strategy Tester shown below, you must first attach a Expert Advisor in a MT5 chart, by going to Navigator Window, selecting the Grid EA & then right-click on it and specify the option 'Attach to Chart', once the Grid EA is attached to the MT5 chart it will then appear and be shown as it is depicted below, Then Right-Click in the Automated Gold Automated Expert-Advisor, select properties setting and then select and choose the choice/option by Checking/Ticking 'Allow Real Trade' & then continue with the MT5 strategy tester shown and illustrated below.

Adding a Grid Expert Advisor (EA) or Grid Robot to the MT5 Platform - Utilizing Grid Excel Functionality in MT5

The MT5 strategy tester mode can be activated via the View menu as the second-to-last option. Alternatively, you can access it quickly by pressing Ctrl+R on your keyboard.

The MetaTrader 5 Strategy Tester comes with several parameters for setting up before you test or optimize an automated EA system like the Grid EA.

How Do I Activate a Trading Automated Expert Advisor in Platform?

Automated Expert Advisor: Pick which gold Grid EA you want to test from the ones installed on your MT5 software.

Symbol: The specific financial instrument upon which you intend to test the Automated Gold Expert-Advisor.

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

Testing Range Date: Specify the start date and the end date for the backtesting simulation involving the Automated Gold Expert-Advisor.

Visual Mode: Selecting this option allows for the simulation of the Grid Expert-Advisor's operations, showing where it opens and closes trades during testing. A supplementary slider control is provided to accelerate or decelerate the pace of this visual playback.

Period: Chart Timeframe for which to use illustration 1 Hour Chart

Optimization: Allow Optimization Setting for your Expert Advisor(EA) Automated Robot

For example illustration, to test the above Automated Gold Expert-Advisor on the gold for profitability, the settings can be setup just as is illustrated above & the MetaTrader platform strategies tester is then run, by pressing the 'Start Button'.

After getting trade results, a robot trader can choose to improve the Grid EA by making changes to the Automated EA's settings.

Learn to Trade with EA Gold Grid Robots on MT4 Software/Platform

Once the optimization process for the Automated Gold Expert Advisor is complete, the status bar will indicate progress. The example highlights the completion stage of testing for the Grid Trading Automated Expert Advisor.

To check results, click the highlighted options like Optimization Result, Graph, or Journal.

Before running this Grid Strategy - Intraday Grid Strategy for Automated Gold Expert-Advisor testing you must go to navigator panel, double click on this Grid trading Automated Expert-Advisor to attach it to the chart and set the parameters like as illustrated and shown below by ticking/checking the choices/options provided below:

XAUUSD Grid Strategy - How to Use MACD in Trading Chart

Once you configure the above settings, you can trial your automated strategy in the MT5 simulator.

Following the execution of your Automated XAUUSD Expert Advisor, the outcomes will be presented in the subsequent windows.

Intraday Grid Strategy Optimization Results

Gold Grid Bot EA - Grid Trading with Excel - MT4 Grid Expert Advisors and Robots

Intraday Grid Strategy Optimization Graph

Selling Above Current Market Price with a Forex Sell Limit Order - Definition of a Sell Limit Order

Intraday Grid Strategy Balance & Equity Graph

Automated Platforms & EA Bots Software Setup

Intraday Grid Strategy Profit and Loss Chart - Grid Bot - Grid EA - Grid Trading Excel

XAUUSD Grid Trading Strategy - MT4 Grid EAs and Bots - Setting Up an EA Bot

The above is just a brief introduction to MT5 strategy tester - automated trading with Grid EA Robots is a wide topic that a trader will take some time and research to learn about but the main environment to test and optimize the Automated EA automated robot will be the Grid Strategy - Intraday Grid Trading Strategy.

NB: You can only test an Automated EA using data which has been downloaded & saved on your MT5 software, henceforth for the date settings select the dates that you have been trading with your MT5 to get a graph representation of how your automated gold Grid Expert-Advisor would trade.

Study More Lessons:

Gold Broker