Grid Trading Expert Advisor
The MT4 Gold Strategy Tester in the MT4 platform is the environment used to back test the profitability of an MetaTrader 4 Automated Gold Expert Advisor which is an Automated Trading Bot and determine the profitability of this Grid Trading XAUUSD EA automated gold trading strategy and then Optimize this Grid Trading Robot to a point where it is giving good profits from its gold automated trading activities.
NB: Before starting the MT4 Gold Strategy Tester shown below, you must first attach a xauusd trading Automated Gold Expert Advisor on a MT4 gold chart, by going to the Navigator Window, selecting the Grid Trading Robot and then right click on it and specify the option "Attach to Chart", once the Grid Trading Robot is attached to the MT4 gold chart it will appear as shown below, Then Right Click on the Automated Gold Trading Expert Advisor, select properties and then select the 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 and it is the second last menu item on the View Menu, A short Cut is to Press Ctrl+R MetaTrader 4 buttons on your keyboard.
The MT4 strategy Tester has the following Parameters for setting up before testing an Automated Gold Expert Advisor automated xauusd trading system and also for optimizing the profitability of this gold Grid trading Robot.
Automated Gold Trading Expert Advisor: Parameter for selecting which gold Grid trading Robot you want to test among those installed on your MetaTrader 4 platform.
Symbol: The gold instrument for which you want to test the xauusd trading Automated Gold Expert Advisor on
Model: Whether to execute based on tick method, open xauusd prices or control points
Use Date: Set the date to start the testing and the date to end the testing of the xauusd trading Automated Gold Trading Expert Advisor
Visual Mode: Select To view the illustration of where this gold Grid trading Robot opens and closes gold trade as the testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: XAUUSD Chart Time frame for which to use example 1 H Gold Chart
Optimization: Allow Optimization Setting for your Automated Gold Expert Advisor Automated Gold Trading 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".
The following trade results are generated and an automated gold trader can choose 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 Robot testing is complete.
To view the result click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this Grid Gold Strategy - Intraday Grid Gold Strategy for Automated Gold Expert Advisor testing you must go to the navigator window, double click on this gold Grid trading Robot to attach it to the gold chart and set the parameters as shown below by ticking the options provided below:
After setting the above settings then you can test your automated gold trading strategy within the MT4 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 Trading Robot - Grid Trading Robot - Grid Trading MetaTrader 4
The above is just a brief introduction to the MT4 strategy tester - automated trading with Grid Trading Robot Gold 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 xauusd trading Automated Gold Expert Advisor automated xauusd trading robot will be the Grid Gold Strategy - Intraday Grid Gold Strategy.
NB: You can only implement an Automated Gold Expert Advisor using data that has been downloaded and saved on your MT4 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 trading Robot would trade.