MetaTrader 4 Gold Trading Strategy Tester Window
The MT4 Gold Trading Strategy Tester in the MT4 platform is the environment used to back-test the profitability of an MT4 Gold Expert-Advisor which is an Automated Trading Bot and determine the profitability of this EA automated gold trading strategy & then Optimize this EA to a point where it is giving good profits from its gold automated trading activities.
Note: Before beginning MT4 Gold Trading Strategy Tester shown below, you must first attach a xauusd EA on MT4 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 setting & then select the option by Checking/Ticking "Allow Live Trading" & then continue with the MetaTrader 4 strategy tester shown below.
The MetaTrader 4 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 buttons on your key board.
The MT4 strategy Tester has the following Parameters for setting up before testing an Expert advisor automated xauusd system and also for optimizing the profitability of this gold trading EA.
Expert-Advisor: Parameter for choosing which xauusd trading Expert-Advisor you want to test among those installed on your MT4 trading 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 xauusd trading prices or control points
Use Date: Set the date to start the testing and the date to end the testing of the gold Expert Advisor
Visual Mode: Select To view the illustration of where this xauusd 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: Gold Chart Time Frame for which to use examples 1 H Gold Chart
Optimization: Allow Optimization Settings for your EA Automated Gold Trading Bot
For example to test the above xauusd EA on gold chart for profitability, the settings can be set-up 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 select to optimize the xauusd Expert Advisor further by changing the Expert Advisors gold trading settings.
Once the optimization of the xauusd trading Expert Advisor is done the status bar will explain progress, the above status bar displays the progress that the xauusd trading Expert Advisor testing is complete.
To view the click the options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT4 Gold Trading Strategy Tester for Gold Expert Advisor testing you must navigate to navigator panel, double-click on this xauusd Expert Advisor to attach it to the gold chart and set the parameters as displayed below by ticking the options provided below:
After setting the above settings then you can test your automated gold trading strategy within MT4 strategy-tester.
Once you Run your Expert-Advisor the Results will be displayed on the following window
MetaTrader 4 Gold Trading Strategy-Tester Optimization Results
MetaTrader 4 Gold Trading Strategies Tester Optimization Graph
MetaTrader 4 Gold Trading Strategy Tester Balance & Equity Graph
MetaTrader 4 Gold Strategy Tester Tutorial
The above is just a brief introduction to the MT4 strategy-tester - automated trading with EA Gold Trading Bots is a wide topic that a trader will take some time and research to learn about but the main environment to test & optimize the xauusd trading EA automated xauusd trading robot will be the MetaTrader 4 Gold Strategy Tester.
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 MetaTrader 4 to get a graph representation of how your automated xauusd EA would trade.
