How to Use Meta Trader 4 EA Strategy Tester Lesson Tutorial

The Meta Trader 4 Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MetaTrader 4 EA which is an Automated Robot and determine the profitability of this EA automated oil strategy and then Optimize this EA to a point where it is giving good profits from its automated activities.

Note: Before beginning the MetaTrader 4 Strategy Tester shown and illustrated below, you must first attach a EA on a MT4 chart, by going to the Navigator Window Panel, choosing the 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 pictured below, Then RightClick on the Expert-Advisor, select properties and then select option by Checking/Ticking "Allow Live Trading" and then continue with the MT4 strategy tester shown below.

The MT4 strategy-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 Meta Trader 4 strategy Tester has the following Parameters for setting up before testing an EA automated oil system and also for optimizing the profitability of this EA.

EA: Parameter for selecting which EA you want to test among those installed on your MT4 platform.

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

Model: Whether to execute based on tick method, open crude 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 the illustration of where this oil Expert-Advisor opens and closes trade as testing goes on, there's also a slide bar to increase or decrease the speed for this visual mode.

Period: Crude Oil Chart Time Frame for which to use example 1 Hour Chart

Optimization: Allow Optimization Setting for your Expert-Advisor Automated Robot

For example to test the above EA on the chart for profitability, the settings can be setup as displayed and shown above and MetaTrader platform strategy tester is then run, by clicking "Start Button Key".

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

Once the optimization of the EA is complete the status bar will show progress, the above status bar highlights the progress that the EA testing is complete.

To view the result click on options high lighted above (Optimization Result, Optimization Graph, Journal)

Before running this MT4 Expert Advisor Strategy Tester for EA testing you must go to navigator panel, doubleclick on this EA to attach it to the crude chart & set the parameters as illustrated below by checking the options provided below:

After setting the above settings then you can test your automated oil strategy within the Meta Trader 4 strategy tester.

Once you Run your Expert Advisor the Results will be illustrated on following window panel

MT4 Crude Expert Advisor Strategies Tester Optimization Results

MT4 EA Strategies Tester Optimization Graph

MT4 EA Strategy Tester Balance and Equity Graph

MT4 Expert Advisor Strategy Tester Guide

Above is just a brief introduction to MT4 strategies tester - automated trading with 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 EA automated robot will be the MetaTrader 4 Expert-Advisor Strategy Tester.

Note: You can only implement an Automated Crude Expert Advisor using data which has been downloaded & saved on your MT4 software, 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 EA would trade.