How to Use MT4 EA Strategy Tester Lesson Tutorial

The MT4 Strategies Tester in the MetaTrader 4 platform is the environment used to backtest the profitability of an MetaTrader 4 EA which is an Automated Bot and determine profitability of this EA automated strategy and then Optimize this Expert Advisor(EA) to a point where it's giving good profits from its automated trading 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 MetaTrader 4 chart it'll then appear as cited below, Then RightClick on the EA, choose properties setting and then select and choose option by Checking/Ticking 'Allow Live Trade' and then continue with the MT4 strategy tester shown and illustrated below.

The MT4 strategy tester mode can be activated from the view menu & it's the second last menu item on View Menu, A short-cut is to Press Ctrl+R buttons on your key board.

The MT4 Strategy Tester has the following Expert Advisor(EA) Parameter Setting for set up before testing out an EA automated system & also for optimizing the profitability of this trading EA.

EA: Parameter for choosing which xauusd EA you as the trader want to test among those installed on your MT4 platform.

Symbol: The chart for which you as a trader want to test the EA on

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

Use Date: Set the date to start and begin the testing and date to end the testing of the EA

Visual Mode: Choose To view illustration of where this Expert Advisor(EA) opens & closes trade as testing goes on, there is also a slide bar option to increase/decrease speed for the visual mode.

Period: Chart Time-Frame for which to use illustrations 1 H Chart

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

For example illustration, to test the above gold trading EA on chart for profitability, the settings can be set up as is shown above and MetaTrader software strategy 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 illustrate progress, above status bar displays progress that the trading Expert Advisor(EA) testing is complete.

To view the result press the choices/options highlighted above (Optimization Result, Optimization Graph, Journal)

Before running this MT4 EA Simulator Strategies Tester for Expert Advisor(EA) testing you must navigate to the navigator panel, double click on this Expert Advisor(EA) to attach it to the chart and set the parameters like is illustrated and shown below by ticking the choices/options provided below:

After setting the above settings then you can test out your automated trading strategy within MT4 strategy-tester.

Once you Run your Expert Advisor(EA) the Results will be displayed & illustrated on following window

MT4 Expert Advisor Strategies Tester Optimization Results

MT4 EA Strategies Tester Optimization Graph

MT4 EA Strategy Simulator Balance and Equity Graph

MT4 EA Simulator Strategies Tester Lesson Tutorial

The above is just a brief introduction to MT4 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 MetaTrader 4 EA Simulator Strategies Tester.

Note: You can only test an Automated EA using data which has been downloaded & saved on your MT4 platform software, thence for the date settings select and choose the dates which you have been trading with your MT4 to get a graph representation of how your automated EA would trade.

Study More Topics:

Trade Gold Trading

How to Use MT4 EA Strategy Tester Lesson Tutorial

MT4 Expert Advisor Strategies Tester Optimization Results

MT4 EA Strategies Tester Optimization Graph

MT4 EA Strategy Simulator Balance and Equity Graph

MT4 EA Simulator Strategies Tester Lesson Tutorial