How to Use MetaTrader 5 Strategy Tester Gold Guide Tutorial
The MT5 Gold Trading 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 and determine profitability of this EA automated gold trading strategy & then Optimize this Expert Advisor to a point where it is giving good profits from its gold automated trading activities.
Note: Before beginning the MT5 Gold Trading Strategy Tester shown below, you must first attach a xauusd trading Automated Gold EA on a MT5 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 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 strategy tester option can be activated from the view menu and it is the second last menu item on View Menu, A short cut is to Press Ctrl+R MT5 button keys on your keyboard.
The MetaTrader 5 strategy Tester has the following Parameters for setting up before testing an Automated Gold EA automated xauusd system and also for optimizing the profitability of this gold trading EA.
Automated Gold Trading Expert Advisor: Parameter for selecting which xauusd EA you want to test among those installed on your MT5 software.
Symbol: The gold chart 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 EA
Visual Mode: Select To view the illustration of where this xauusd trading EA 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 Automated Gold EA Automated Gold Trading Bot
For example to test the above xauusd trading Automated Gold Expert Advisor on the gold trading 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 select to optimize the xauusd 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 xauusd trading Expert Advisor testing is complete.
To view the click the options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT5 Strategy Tester for Automated Gold Expert Advisor testing you must navigate to navigator panel, double-click on this xauusd Expert Advisor to attach it to 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 MT5 simulator.
Once you Run your Automated Gold Expert Advisor the Results will be displayed on the following windows
MT5 Strategy-Tester Optimization Results
MT5 Strategies Tester Optimization Graph
MT5 Strategy Tester Balance and Equity Graph
MT5 Strategy Tester Tutorial
Above is just a brief introduction to MetaTrader 5 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 Automated Gold EA automated xauusd robot will be the MetaTrader 5 Strategy Tester.
NB: You can only implement an Automated Gold Expert Advisor using data that 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 xauusd EA would trade.
