How to Use MT4 Oil Expert-Advisor Strategy Tester Lesson Tutorial
The MetaTrader 4 Oil Trading Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MetaTrader 4 Crude Oil Trading Expert-Advisor which is an Automated Robot and determine the profitability of this EA automated oil strategy & then Optimize this EA to a point where it is giving good profits from its oil automated trading activities.
NB: Before starting the MetaTrader 4 Oil Trading Strategy Tester shown and illustrated below, you must first attach a oil EA on a MT4 oil chart, by going to the Navigator Window Panel, choosing the oil EA and then right click on it and specify the option "Attach to Chart", once the EA is attached to the MT4 oil chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties and then select option by Checking/Ticking "Allow Live Trading" and then continue with the MT4 strategy tester shown below.
The MT4 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 EA automated oil system & also for optimizing the profitability of this oil EA.
Expert-Advisor: Parameter for selecting which oil EA you want to test among those installed on your MetaTrader 4 platform.
Symbol: The oil instrument for which you as a trader want to test the oil EA on
Model: Whether to execute based on tick technique, open crude oil prices or control points
Use Date: Set the date to begin the testing & date to end the testing of the oil Expert-Advisor
Visual Mode: Choose To view the illustration of where this oil Expert Advisor opens and closes oil trade as the testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: Crude Oil Chart Time Frame for which to use example 1 Hour Oil Trading Chart
Optimization: Allow Optimization Setting for your Expert Advisor Automated Oil Robot
For example to test the above oil EA on the oil chart for profitability, the settings can be setup as displayed and shown above and MetaTrader platform strategy tester is then run, by clicking "Start Button Key".
The following trade results are generated & an automated oil trader can select to optimize the oil EA further by changing the Expert Advisors oil settings.
Once the optimization of the oil Expert-Advisor is complete the status bar will show progress, the above status bar shows the progress that the oil EA testing is complete.
To view the result click options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT4 Oil Expert Advisor Strategy-Tester for Crude Oil Trading Expert-Advisor testing you must go to navigator panel, doubleclick on this oil EA to attach it to the crude oil chart & set the parameters as illustrated below by checking the options provided below:
After setting the above settings then you can test your automated oil strategy within the MT4 strategy tester.
Once you Run your Expert Advisor the Results will be shown on following window panel
MT4 Crude Oil Expert Advisor Strategy Tester Optimization Results
MT4 Oil EA Strategy Tester Optimization Graph
MT4 Crude Oil Trading Expert-Advisor Strategy Tester Balance and Equity Graph
MT4 Oil Trading Expert Advisor Strategy Tester Guide
The above is just a brief introduction to MT4 strategies tester - automated trading with EA Oil Trading Bots is a wide topic that a oil trader will take some time & research to learn about but the main environment to test & optimize the oil EA automated oil robot will be the MetaTrader 4 Oil Expert Advisor Strategy-Tester.
NB: You can only implement an Automated Crude Oil Expert Advisor using data that has been downloaded & saved on your MT4 software, 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 oil Expert-Advisor would trade.
