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