How to Use MT4 Metals Trading Expert-Advisor Strategy Tester Tutorial PDF
The MT4 Metals Trading Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 Metals Trading Expert-Advisor which is an Automated Robot & determine the profitability of this Expert Advisor automated metals strategy and then Optimize this EA to a point where it's giving good profits from its metals automated trading activities.
NB: Before starting MetaTrader 4 Metals Strategy Tester illustrated & shown below, you must first attach a metal trading EA on a MT4 metal chart, by going to the Navigator Window Panel, choosing the metal trading Expert Advisor and then right click on it and specify the option "Attach to Chart", once the Expert Advisor is attached to the MT4 metals chart it will appear as shown below, Then Right Click on the EA, choose property settings and then choose option by Checking/Ticking "Allow Live Trading" and then continue with the MT4 strategy tester shown below.
The MT4 strategies 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 EA automated metal system & also for optimizing the profitability of this metals trading EA.
Expert-Advisor: Parameter for selecting which metal trading Expert Advisor you want to test among those installed on your MT4 metal trading platform.
Symbol: The metals chart for which you want to test the metal Expert-Advisor on
Model: Whether to execute based on tick technique, open metals prices or control points
Use Date: Set the date to start the testing and date to end the testing of the metals trading Expert-Advisor
Visual Mode: Choose To view the illustration of where this metal trading EA opens & closes metals trade as the testing goes on, there's also a slide bar to increase or decrease speed for this visual mode.
Period: Metals Chart Timeframe for which to use example 1 H Metals Chart
Optimization: Allow Optimization Setting for your EA Automated Metals Bot
For example to test the above metal trading EA on the metals chart for profitability, the settings can be set up as shown above and the MetaTrader trading platform strategies tester is then run, by clicking "Begin Button Key".
Following trade results are generated & an automated metals trader can choose to optimize the metal trading Expert Advisor further by changing the EAs metals trading settings.
Once the optimization of the metal trading EA is complete the status bar will show progress, the above status bar shows the progress that the metal Expert-Advisor testing is complete.
To view click the options highlighted above (Optimization Result, Optimization Graph, Journal)
Before running this MetaTrader 4 Metals Trading Expert-Advisor Strategy Tester for Metals Trading EA testing you must go to the navigator window, double click on this metal EA to attach it to the metal chart and set the parameters as illustrated and shown below by ticking the options provided below:
After setting the above settings then you can test your automated metals strategy within MetaTrader 4 simulator.
Once you Run your EA the Results will be shown on the following window
MT4 Metal Expert-Advisor Strategies Tester Optimization Results
MT4 Metals Expert-Advisor Strategy-Tester Optimization Graph
MT4 Metal Expert-Advisor Strategy-Tester Balance and Equity Graph
MT4 Metals Trading Expert-Advisor Strategy Tester Tutorial
The above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with Expert Advisor Metals Bots is a wide topic that a trader will take some time and research to learn about but the main environment to test & optimize the metal trading EA automated metal trading bot will be MT4 Metals Trading Expert-Advisor Strategy Tester.
Note: You can only implement an Automated Metals Trading EA using data which has been downloaded and saved on your MT4 metal platform, therefore for the date settings select the dates that you've been trading with your MT4 to get a graph representation of how your automated metal trading Expert Advisor would trade.
