How to Use MT4 Gold EA Strategy Tester Tutorial
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 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 in MetaTrader 4 xauusd chart, by going to the Navigator Window, selecting the xauusd trading EA and then right click on it and specify the option 'Attach to Chart', once the EA is attached to the MT4 gold chart it will appear as shown below, Then Right Click on the 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'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 trading system & also for optimizing the profitability of this gold trading EA.
Expert-Advisor: Parameter for choosing which xauusd trading EA you want to test among those installed on your MT4 software.
Symbol: The gold chart for which you want to test the xauusd 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 gold Expert Advisor
Visual Mode: Choose 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 Timeframe for which to use examples 1 Hour Gold Chart
Optimization: Allow Optimization Settings for your Expert-Advisor Automated Gold Robot
For example to test the above xauusd trading EA on gold chart for profitability, the settings can be set up as is shown above & MetaTrader platform strategies tester is then run, by taping 'Start Button'.
Following trade results are generated and an automated gold trader can select to optimize the xauusd trading EA 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, above status bar displays progress that the xauusd trading Expert-Advisor testing is complete.
To view the click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT4 Gold EA Strategy Tester for Gold Expert-Advisor testing you must go to navigator panel, doubleclick on this xauusd 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 MetaTrader 4 strategy-tester.
Once you Run your EA the Results will be illustrated on following window
MT4 Gold Expert Advisor Strategies Tester Optimization Results
MT4 XAUUSD EA Strategies Tester Optimization Graph
MT4 Gold Expert Advisor Strategy-Tester Balance & Equity Graph
MT4 Gold EA Strategy Tester Tutorial
The above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with EA Gold Trading Bots is a wide topic that a trader will take some time & research to learn about but the main environment to test & optimize the xauusd EA automated xauusd robot will be the MetaTrader 4 Gold Expert-Advisor Strategy Tester.
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 xauusd Expert-Advisor would trade.
