Grid Expert Advisor
The MT4 Gold Strategy Tester in the MT4 platform is the environment used to back-test the profitability of an MT4 Automated Gold Expert Advisor which is an Automated Trading Bot & determine profitability of this Grid Trading XAUUSD EA automated gold strategy & then Optimize this Grid Robot to a point where it is giving good profits from its gold automated trading activities.
Note: Before beginning MT4 Gold Strategy Tester shown below, you must first attach a xauusd trading Automated Gold EA on a MT4 gold chart, by going to the Navigator Window, selecting the Grid Bot and then right-click on it and specify the option 'Attach to Chart', once the Grid Robot is attached to the MT4 gold chart it will appear as it is illustrated below, Then Right Click on the Automated Gold Trading Expert Advisor, select properties setting & then select option by Checking/Ticking 'Allow Live Trading' & then continue with the MT4 strategy tester shown below.
The MetaTrader 4 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 MT4 button keys on your keyboard.
The MT4 strategy Tester has the following Parameters for setting up before testing an Automated Gold EA automated xauusd trading system & also for optimizing the profitability of this gold Grid Robot.
Automated Gold Trading EA: Parameter for choosing which gold Grid trading Robot you want to test among those installed on your MT4 software.
Symbol: The gold instrument for which you as a trader want to test the xauusd trading Automated Gold Expert Advisor on
Model: Whether to execute based on tick technique, open xauusd prices or control points
Use Date: Set the date to begin the testing & date to end the testing of the xauusd trading Automated Gold Expert Advisor
Visual Mode: Choose To view the illustration of where this gold Grid trading Robot opens and closes gold trade as testing goes on, there is also a slide bar to increase or decrease speed for this visual mode.
Period: XAUUSD Chart Timeframe for which to use example 1 Hour Gold Chart
Optimization: Allow Optimization Settings for your Automated Gold EA Automated Gold Robot
For example to test the above xauusd trading Automated Gold Expert Advisor on the gold for profitability, the settings can be setup as displayed and shown above and the MetaTrader platform strategy tester is then run, by taping the 'Start Button'.
Following trade results are generated and an automated gold trader can select to optimize the gold Grid trading Robot further by changing the Automated Gold Expert Advisors gold trading settings.
Once the optimization of the xauusd trading Automated Gold Expert-Advisor is complete the status bar will show progress, the above status bar shows the progress that the gold Grid trading Bot testing is complete.
To view the click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this Grid Gold Strategy - Intraday Grid Gold Strategy for Automated Gold Expert-Advisor testing you must go to navigator panel, doubleclick on this gold Grid trading Robot to attach it to the gold chart and set the parameters as shown below by checking options provided below:
After setting the above settings then you can test your automated gold trading strategy within MetaTrader 4 strategy-tester.
Once you Run your Automated Gold Expert Advisor the Results will be shown on the following windows
Intraday Grid XAUUSD Strategy Optimization Results
Intraday Grid Gold Strategy Optimization Graph
Intraday Grid XAUUSD Strategy Balance and Equity Graph
Intraday Grid Gold Strategy Profit and Loss Graph - Grid Robot - Grid Robot - Grid MT4
The above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with Grid Robot Gold Robots is a wide topic that a trader will take some time & research to learn about but the main environment to test and optimize the xauusd trading Automated Gold EA automated xauusd trading bot will be the Grid Gold Strategy - Intraday Grid Gold Strategy.
Note: You can only implement an Automated Gold 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 gold Grid Bot would trade.
