MetaTrader 4 Gold Trading Strategy Tester Window
The MetaTrader 4 Gold Trading Strategy Tester in the MT4 platform is the environment used to back test the profitability of an MetaTrader 4 Gold Expert Advisor which is an Automated Trading Bot and determine the profitability of this Expert Advisor automated gold trading strategy and then Optimize this Expert Advisor to a point where it is giving good profits from its gold automated trading activities.
NB: Before starting the MetaTrader 4 Gold Trading Strategy Tester shown below, you must first attach a xauusd trading Expert Advisor on a MetaTrader 4 xauusd chart, by going to the Navigator Window, selecting the xauusd 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 gold chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties and then select the option by Checking/Ticking "Allow Live Trading" and then continue with the MetaTrader 4 strategy tester shown below.
The MetaTrader 4 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 buttons on your keyboard.
The MetaTrader 4 strategy Tester has the following Parameters for setting up before testing an Expert advisor automated xauusd trading system and also for optimizing the profitability of this gold trading EA.
Expert Advisor: Parameter for selecting which xauusd trading Expert Advisor you want to test among those installed on your MetaTrader 4 platform.
Symbol: The gold chart for which you want to test the xauusd trading Expert Advisor on
Model: Whether to execute based on tick method, open gold prices or control points
Use Date: Set the date to start the testing and the date to end the testing of the gold trading Expert Advisor
Visual Mode: Select To view the illustration of where this xauusd trading Expert Advisor 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: Gold Chart Time frame for which to use example 1 Hour Gold Chart
Optimization: Allow Optimization Setting for your Expert Advisor Automated Gold Trading Robot
For example to test the above xauusd trading Expert Advisor on the gold chart for profitability, the settings can be set up as shown above and the MetaTrader strategy tester is then run, by pressing the "Start Button".
The following trade results are generated and an automated gold trader can choose to optimize the xauusd trading Expert Advisor further by changing the Expert Advisors gold trading settings.
Once the optimization of the xauusd trading Expert Advisor is complete the status bar will show progress, the above status bar shows the progress that the xauusd trading Expert Advisor testing is complete.
To view the result click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this MetaTrader 4 Gold Trading Strategy Tester for Gold Expert Advisor testing you must go to the navigator window, double click on this xauusd trading Expert Advisor 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 MetaTrader 4 strategy tester.
Once you Run your Expert Advisor the Results will be shown on the following windows
MetaTrader 4 Gold Trading Strategy Tester Optimization Results
MetaTrader 4 Gold Trading Strategy Tester Optimization Graph
MetaTrader 4 Gold Trading Strategy Tester Balance and Equity Graph
MetaTrader 4 Gold Trading Strategy Tester Tutorial
The above is just a brief introduction to the MetaTrader 4 strategy tester - automated trading with Expert Advisor Gold Trading Robots is a wide topic that a gold trader will take some time and research to learn about but the main environment to test and optimize the xauusd trading Expert Advisor automated xauusd trading robot will be the MetaTrader 4 Gold Trading Strategy Tester.
NB: You can only implement an Automated Gold Expert Advisor using data that 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 MetaTrader 4 to get a graph representation of how your automated xauusd trading Expert Advisor would trade.
