How to Use MT5 Strategy Tester Gold Trading Tutorial PDF
The MT5 Gold Trading Strategy Tester in the MT5 platform is the environment used to back test the profitability of an MetaTrader 5 Automated Gold Expert Advisor which is an Automated Trading Bot and determine the profitability of this EA automated gold trading strategy and then Optimize this EA to a point where it is giving good profits from its gold automated trading activities.
NB: Before starting the MT5 Gold Trading Strategy Tester shown below, you must first attach a xauusd trading Automated Gold Expert Advisor 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 shown below, Then Right Click on the Automated Gold Trading Expert Advisor, select properties and then select the option by Checking/Ticking "Allow Live Trading" and 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 the View Menu, A short Cut is to Press Ctrl+R MetaTrader 5 buttons on your keyboard.
The MT5 strategy Tester has the following Parameters for setting up before testing an Automated Gold Expert Advisor automated xauusd trading system and also for optimizing the profitability of this gold trading EA.
Automated Gold Trading Expert Advisor: Parameter for selecting which xauusd trading EA you want to test among those installed on your MetaTrader 5 platform.
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 Trading Expert Advisor
Visual Mode: Select To view the illustration of where this xauusd trading EA 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 Automated Gold Expert Advisor Automated Gold Trading Robot
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 choose 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 EA testing is complete.
To view the result click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT5 Strategy Tester for Automated Gold Expert Advisor testing you must go to the navigator window, double click on this xauusd trading EA 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 MT5 strategy tester.
Once you Run your Automated Gold Expert Advisor the Results will be shown on the following windows
MT5 Strategy Tester Optimization Results
MT5 Strategy Tester Optimization Graph
MT5 Strategy Tester Balance and Equity Graph
MT5 Strategy Tester Tutorial
The above is just a brief introduction to the MT5 strategy tester - automated trading with EA Gold Trading Robots is a wide topic that a trader will take some time and research to learn about but the main environment to test and optimize the xauusd trading Automated Gold Expert Advisor automated xauusd trading robot will be the MT5 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 trading EA would trade.
