Grid Trading Software
The MT5 Gold Strategy Tester in the MT5 platform is the environment used to back test the profitability of an MT5 Automated Gold Expert Advisor which is an Automated Trading Bot & determine profitability of this Grid Expert-Advisor automated gold strategy & then Optimize this Grid Trading EA to a point where it is giving good profits from its gold automated trading activities.
Note: Before beginning the MT5 Gold Strategy Tester shown below, you must first attach a xauusd trading Automated Gold EA on a MT5 gold chart, by going to the Navigator Window, selecting the Grid Expert-Advisor & then right-click on it and specify the option 'Attach to Chart', once the Grid Trading EA is attached to the MT5 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 the option by Checking/Ticking 'Allow Live Trading' & then continue with the MT5 strategy tester shown below.
The MT5 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 MetaTrader 5 buttons on your key-board.
The MetaTrader 5 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 trading EA.
Automated Gold Trading EA: Parameter for choosing which gold Grid trading Expert-Advisor you want to test among those installed on your MT5 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 Expert Advisor opens & 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 EA 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 Expert-Advisor testing is complete.
To view the click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this Grid Trading Gold Strategy - Intraday Grid Trading Gold Strategy for Automated Gold Expert-Advisor testing you must go to navigator panel, doubleclick on this gold Grid trading Expert Advisor 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 MT5 simulator.
Once you Run your Automated Gold Expert Advisor the Results will be shown on the following windows
Intraday Grid Trading Gold Strategy Optimization Results
Intraday Grid Trading Gold Strategy Optimization Graph
Intraday Grid Trading Gold Strategy Balance and Equity Graph
Intraday Grid Trading Gold Strategy Profit and Loss Graph - Grid Bot - Grid EA - Grid Trading Excel
The above is just a brief introduction to MetaTrader 5 strategy tester - automated trading with Grid Trading EA 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 Trading Gold Strategy - Intraday Grid Trading Gold Strategy.
Note: You can only implement an Automated Gold Expert Advisor using data which has been downloaded and saved on your MT5 platform, therefore for the date settings select the dates that you have been trading with your MT5 to get a graph representation of how your automated gold Grid Expert-Advisor would trade.
