MetaTrader 4 Indices Trading Strategy Tester Window
The MT4 Indices Trading Strategy Tester in the MT4 platform is the environment used to back-test the profitability of an MT4 Indices Expert Advisor which is an Automated Program and ascertain profitability of this Expert-Advisor automated indices strategy & then Optimize this EA to a point where it's giving good profits from its indices automated trading activities.
Note: Before beginning MT4 Indices Strategy Tester illustrated and shown below, you must first attach a stock indices Expert Advisor in MetaTrader 4 stock indices chart, by going to the Navigator Window, selecting the stock indices trading Expert Advisor and then right click on it and specify the option "Attach to Chart", once the Expert Advisor is attached to the MetaTrader 4 stock indices chart it will appear as shown below, Then Right Click on the Expert Advisor, choose property settings & then choose the option by Checking/Ticking "Allow Live Trading" and then continue with the MetaTrader 4 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 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 stock indices system and also for optimizing the profitability of this indices trading EA.
Expert Advisor: Parameter for choosing which stock indices trading Expert Advisor you want to test among those installed in your MT4 stock indices trading software.
Symbol: The indices chart for which you want to test the stock indices trading Expert-Advisor on
Model: Whether to execute based on tick method, open indices prices or control points
Use Date: Set the date to start the testing & the date to end the testing of the indices Expert-Advisor
Visual Mode: Select To view the illustration of where this stock indices Expert Advisor opens & closes indices trade as testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: Indices Chart Time Frame for which to use examples 1 H Indices Chart
Optimization: Allow Optimization Settings for your EA Automated Indices Trading Bot
For example to test the above stock indices trading EA on stock indices chart for profitability, settings can be setup as displayed and shown above & MetaTrader strategy tester is then run, by pressing and clicking on 'Start Button Key'.
The following trade results are generated and an automated indices trader can select to optimize the stock indices Expert Advisor further by changing the Expert Advisors indices trading settings.
Once the optimization of the stock indices trading Expert Advisor is complete the status bar will show progress, above status bar displays progress that the stock indices trading Expert Advisor testing is complete.
To view the click on options highlighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT4 Indices Trading Strategy Tester for Indices Expert Advisor testing you must navigate to navigator panel, double-click on this stock indices Expert Advisor to attach it to the stock index chart and set the parameters as displayed & illustrated and shown below by checking the options provided below:
After setting the above settings then you can test your automated indices trading strategy within MT4 strategy-tester.
Once you Run your Expert-Advisor the Results will be displayed on the following window
MetaTrader 4 Indices Trading Strategy-Tester Optimization Results
MetaTrader 4 Indices Trading Strategies Tester Optimization Graph
MetaTrader 4 Indices Trading Strategy Tester Balance & Equity Graph
MetaTrader 4 Indices Trading Strategy Tester Profit and Loss Graph
Above is just a brief introduction to the MT4 strategy-tester - automated trading with EA Indices Trading Bots is a wide topic that a trader will take some time & research to learn about but the main environment to test and optimize the stock indices trading EA automated stock indices trading robot will be the MetaTrader 4 Indices Strategy Tester.
NB: You can only implement an Automated Indices Expert Advisor using data that has been downloaded and saved on your MT4 software, therefore for the date settings select the dates that you have been trading with your MetaTrader 4 to get a graph representation of how your automated stock indices EA would trade.
