How to Use MetaTrader 4 Oil Trading Strategy Tester Tutorial PDF
The MT4 Oil Trading Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 Crude Oil Expert-Advisor which is an Automated Robot & determine the profitability of this Expert Advisor automated oil strategy & then Optimize this EA to a point where it's giving good profits from its oil automated trading activities.
Note: Before beginning MetaTrader 4 Oil Trading Strategy Tester shown and illustrated below, you must first attach a oil Expert Advisor on a MT4 oil chart, by going to the Navigator Window Panel, choosing the oil Expert Advisor and then right click on it and specify the option 'Attach to Chart', once the Expert Advisor is attached to the MT4 oil chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties and then select option by Checking/Ticking 'Allow Live Trading' & 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 View Menu, A short cut is to Press Ctrl+R buttons on your keyboard.
The MT4 strategy Tester has the following Parameters for setting up before testing an Expert Advisor automated oil system & also for optimizing the profitability of this oil EA.
Expert-Advisor: Parameter for selecting which oil Expert Advisor you want to test among those installed on your MetaTrader 4 software.
Symbol: The oil instrument for which you as a trader want to test the oil EA on
Model: Whether to execute based on tick technique, open crude trading prices or control points
Use Date: Set the date to begin the testing & date to end the testing of the oil Expert-Advisor
Visual Mode: Choose To view the illustration of where this oil Expert Advisor opens & closes oil trade as testing goes on, there is also a slide bar to increase or decrease speed for this visual mode.
Period: Crude Oil Trading Chart Timeframe for which to use example 1 Hour Oil Trading Chart
Optimization: Allow Optimization Setting for your Expert Advisor Automated Oil Bot
For example to test the above oil EA on the oil chart for profitability, the settings can be set-up as displayed and shown above and the MetaTrader platform strategy tester is then run, by clicking the 'Start Button'.
Following trade results are generated & an automated oil trader can choose to optimize the oil Expert Advisor further by changing the Expert Advisors oil settings.
Once the optimization of the oil Expert-Advisor is complete the status bar will show progress, the above status bar shows the progress that the oil Expert Advisor testing is complete.
To view result click on options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT4 Oil Trading Strategy Tester for Crude Oil Expert-Advisor testing you must go to navigator window panel, doubleclick on this oil Expert Advisor to attach it to the crude oil chart & set the parameters as shown and illustrated below by ticking the options provided below:
After setting the above settings then you can test your automated oil strategy within the MT4 strategy tester.
Once you Run your Expert Advisor the Results will be illustrated on following window
MT4 Oil Strategies Tester Optimization Results
MT4 Oil Strategies Tester Optimization Graph
MT4 Oil Strategy-Tester Balance and Equity Graph
MT4 Oil Trading Strategy Tester Guide
The above is just a brief introduction to the MT4 strategies tester - automated trading with EA Oil 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 oil Expert Advisor automated oil robot will be the MT4 Oil Strategy Tester.
Note: You can only implement an Automated Crude Oil Trading 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 MT4 to get a graph representation of how your automated oil Expert Advisor would trade.
