How to Use MT4 Indices EA Strategy Tester Lesson PDF
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 Trading Program and determine the profitability of this EA automated indices strategy and then Optimize this EA to a point where it is giving good profits from its indices automated trading activities.
Note: Before beginning the MT4 Indices Trading Strategy Tester illustrated & shown below, you must first attach a stock indices Expert Advisor in MetaTrader 4 stock indices chart, by going to the Navigator Window, choosing the stock indices trading EA and then right click on it and specify the option 'Attach to Chart', once the EA is attached to the MT4 stock indices chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties settings and then select the option by Checking/Ticking 'Allow Live Trading' and then continue with the MT4 strategy tester shown below.
The MetaTrader 4 strategy-tester option can be activated from the view menu & it's the second last menu item on View Menu, A short-cut is to Press Ctrl+R button keys 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 EA you want to test among those installed on your MetaTrader 4 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 trading prices or control points
Use Date: Set the date to start the testing and the date to end the testing of the EA
Visual Mode: Select To view the illustration of where this stock indices trading EA 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: Chart Time Frame for which to use examples 1 Hour Chart
Optimization: Allow Optimization Settings for your Expert-Advisor Automated Indices Trading Robot
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 and MetaTrader strategy tester is then run, by pressing and clicking on 'Start Button Key'.
Following trade results are generated & an automated indices trader can select to optimize the stock indices trading EA 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 explain progress, above status bar shows progress that the stock indices Expert Advisor testing is complete.
To view the result click on options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT4 Indices EA Strategy Tester for Expert Advisor testing you must go to navigator panel, double-click on this stock indices trading EA to attach it to the stock index chart & set the parameters as illustrated and shown below by ticking options provided below:
After setting the above settings then you can test your automated trading strategy within MT4 strategy-tester.
Once you Run your Expert-Advisor the Results will be displayed on the following window
MT4 Expert Advisor Strategies Tester Optimization Results
MT4 Indices EA Strategies Tester Optimization Graph
MT4 Indices EA Strategy Tester Balance and Equity Graph
MT4 Indices EA Strategy Tester Profit and Loss Graph
Above is just a brief introduction to MetaTrader 4 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 & optimize the stock indices trading EA automated stock indices bot will be the MetaTrader 4 Indices EA Strategy Tester.
Note: You can only implement an Automated Expert Advisor using data which has been downloaded and saved on your MetaTrader 4 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 stock indices trading Expert Advisor would trade.
