How to Use MT4 EA Strategy Tester Tutorial
The MetaTrader 4 Strategies Tester in the MT4 platform is the environment used to back-test the profitability of an MT4 Expert Advisor which is an Automated Bot and determine profitability of this EA automated strategy and then Optimize this Expert Advisor to a point where it is giving good profits from its automated activities.
Note: Before beginning MT4 Strategies Tester cited below, you must first attach a EA in MT4 chart, by going to Navigator Window, selecting the trading EA and then right click on it and specify the option 'Attach to Chart', once the EA is attached to the MT4 chart it will then appear as cited below, Then RightClick on the EA, choose properties setting & then select option by Checking/Ticking 'Allow Live Trading' and then continue with the MT4 strategy tester illustrated below.
The MetaTrader 4 strategies tester option can be activated from the view menu and it's the second last menu item on View Menu, A shortcut is to Press Ctrl+R buttons on your key board.
The MT4 Strategy Tester has the following Expert Advisor Parameter Settings for set up before testing out an Expert Advisor automated system & also for optimizing the profitability of this trading EA.
Expert Advisor: Parameter for choosing which xauusd trading EA you want to test among those installed on your MT4 software.
Symbol: The chart for which you want to test the Expert Advisor on
Model: Whether to execute based on tick technique, open prices or control points
Use Date: Set the date to start the testing & date to end the testing of the EA
Visual Mode: Choose To view illustration of where this Expert Advisor opens & closes trade as testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: Chart Time-Frame for which to use examples 1 H Chart
Optimization: Allow Optimization Settings for your Expert Advisor Automated Robot
For example, to test the above xauusd trading EA on chart for profitability, the settings can be set up as is shown above & MetaTrader platform strategies tester is then run, by taping 'Start Button'.
Following trade results are generated and an automated trader can choose to optimize the trading EA further by changing the Expert Advisors gold settings.
Once the optimization of the trading EA is done the status bar will explain progress, above status bar displays progress that the trading Expert Advisor testing is complete.
To view the results click the options high-lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MetaTrader 4 EA Simulator Strategies Tester for Expert Advisor testing you must go to navigator panel, double-click on this trading Expert Advisor to attach it to the chart and set the parameters as illustrated below by checking options provided below:
After setting the above settings then you can test your automated strategy within MetaTrader 4 strategy-tester.
Once you Run your Expert Advisor the Results will be displayed on following window
MetaTrader 4 EA Strategies Tester Optimization Results
MT4 EA Strategies Tester Optimization Graph
MT4 Expert Advisor Strategy Tester Balance and Equity Graph
MT4 EA Simulator Strategies Tester Tutorial
The above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with EA Bots is a wide topic that a trader will take some time & research to learn about but main environment to test and optimize the EA automated robot will be the MT4 Expert Advisor Simulator Strategies Tester.
Note: You can only test an Automated Expert Advisor using data which has been downloaded and saved on your MetaTrader 4 platform, therefore for the date settings select the dates that you have been trading with your MetaTrader 4 to get a graph representation of how your automated Expert Advisor would trade.
