Grid Trading Software

The MetaTrader 5 Gold Simulator in the MT5 platform is the environment used to back test the profitability of an MetaTrader 5 Automated Expert Advisor which is an Automated Bot & determine profitability of this Grid Expert-Advisor automated gold strategy & then Optimize this Grid EA to a point where it is giving good profits from its automated trading activities.

Note: Before beginning the MetaTrader 5 Gold Strategy Tester shown below, you must first attach a Expert Advisor on a MT5 chart, by going to Navigator Window, selecting the Grid Expert Advisor & 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 on the Automated Gold Automated Expert-Advisor, select properties setting and then select and choose the choice/option by Checking/Ticking 'Allow Live Trade' & then continue with the MT5 strategy tester shown below.

The MT5 strategy tester mode can be activated from the view menu and it is the second last menu item on View Menu, A short cut is to Press Ctrl+R MetaTrader 5 buttons on your key board.

The Meta Trader 5 strategy Tester has the following Parameters for setting up before testing an Automated Expert Advisor automated system and also for optimizing the profitability of this Grid EA.

Automated Expert Advisor: Parameter for choosing which gold Grid trading Expert Advisor you want to test among those installed on your MetaTrader 5 software.

Symbol: The instrument for which you want to test the Automated Gold 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 & date to end the testing of the Automated Gold Expert-Advisor

Visual Mode: Select To view simulation of where this Grid Expert-Advisor opens & closes trade as testing is carried out, there is also a slide bar option to increase or decrease the speed for this visual mode.

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

Optimization: Allow Optimization Setting for your Expert Advisor Automated Robot

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

Following trade results are generated & an automated trader can select to optimize the Grid EA further by changing the Automated Expert Advisors settings.

Once the optimization of the Automated Gold Expert-Advisor is complete the status bar will show progress, the above status bar highlights the progress that the Grid trading Automated EA testing is complete.

To view the result click options high lighted above (Optimization Result, Optimization Graph, 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 as illustrated below by ticking/checking the choices/options provided below:

After setting the above settings then you can test out your automated trading strategy within MT5 simulator.

Once you Run your Automated XAUUSD EA the Results will be put to display on the following windows

Intraday Grid Trade Strategy Optimization Results

Intraday Grid Strategy Optimization Graph

Intraday Grid Strategy Balance & Equity Graph

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

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 Expert Advisor automated robot will be the Grid Strategy - Intraday Grid Trading Strategy.

Note: You can only test an Automated Expert Advisor using data which has been downloaded and saved on your MetaTrader 5 software, henceforth for the date settings select the dates that you have been trading with your MetaTrader 5 to get a graph representation of how your automated gold Grid Expert-Advisor would trade.

Study More Lessons:

Trade Gold Trading

Grid Trading Software

Intraday Grid Trade Strategy Optimization Results

Intraday Grid Strategy Optimization Graph

Intraday Grid Strategy Balance & Equity Graph

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