MetaTrader 4 Stock Trading Strategy Tester Window
The MT4 Stock Trading Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 Stock Trading Expert-Advisor which is an Automated Program and ascertain the profitability of this Expert-Advisor automated stock strategy & then Optimize this EA to a point where it's giving good profits from its stock automated trading activities.
Note: Before beginning MT4 Stock Strategy Tester illustrated and shown below, you must first attach a stocks trading Expert Advisor on MT4 stocks chart, by going to the Navigator Window, choosing the stocks trading Expert Advisor and then right click on it and specify the option "Attach to Chart", once the Expert Advisor is attached to the MetaTrader 4 stock chart it will appear as shown below, Then Right Click on the Expert Advisor, choose properties settings & then choose the option by Checking/Ticking "Allow Live Trading" and then continue with the MetaTrader 4 strategy tester shown below.
The MT4 strategies tester option can be activated from the view menu and it's the second last menu item on View Menu, A short cut is to Press Ctrl+R button keys on your key board.
The MT4 strategy Tester has the following Parameters for setting up before testing an Expert Advisor automated stocks system and also for optimizing the profitability of this stock trading EA.
Expert Advisor: Parameter for choosing which stocks trading Expert Advisor you want to test among those installed on your MetaTrader 4 stocks trading platform.
Symbol: The stock chart for which you want to test the stocks EA on
Model: Whether to execute based on tick method, open stock prices or control points
Use Date: Set the date to start the testing & date to end the testing of the stock Expert Advisor
Visual Mode: Select To view the illustration of where this stocks EA opens & closes stock trade as testing goes on, there is also a slide bar to increase or decrease speed for this visual mode.
Period: Stock Chart Time Frame for which to use examples 1 H Stock Chart
Optimization: Allow Optimization Setting for your Expert-Advisor Automated Stock Trading Bot
For example to test the above stocks Expert Advisor on stocks trading chart for profitability, the settings can be set-up as displayed & shown above & MetaTrader strategies tester is then run, by clicking the 'Begin Button'.
The following trade results are generated & an automated stock trader can choose to optimize the stocks EA further by changing the Expert Advisors stock trading settings.
Once the optimization of the stocks trading Expert Advisor is concluded the status bar will illustrate progress, above status bar displays progress that the stocks Expert Advisor testing is complete.
To view the click the options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this MetaTrader 4 Stock Trading Strategy Tester for Stock Trading Expert-Advisor testing you must go to the navigator window, double-click on this stocks EA to attach it to the stocks chart & set the parameters as displayed & illustrated & shown below by checking options provided below:
After setting the above settings then you can test your automated stock strategy within the MT4 strategy-tester.
Once you Run your Expert-Advisor the Results will be displayed on the following window
MetaTrader 4 Stock Strategy-Tester Optimization Results
MetaTrader 4 Stock Strategies Tester Optimization Graph
MetaTrader 4 Stock Strategy Tester Balance and Equity Graph
MetaTrader 4 Stock Strategy Tester Tutorial
Above is just a brief introduction to MetaTrader 4 strategy-tester - automated trading with EA Stock Robots is a wide topic that a trader will take some time and research to learn about but the main environment to test & optimize the stocks EA automated stocks trading robot will be the MetaTrader 4 Stock Strategy Tester.
NB: You can only implement an Automated Stock Trading Expert-Advisor using data that has been downloaded and saved on your MetaTrader 4 stocks 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 stocks EA would trade.
