How To Use Indices Trading Simulator MetaTrader 4 Free
The MT4 Indices Trading Strategy Tester in the MT4 platform is the environment used to back test the profitability of an MetaTrader 4 Indices Expert Advisor which is an Automated Trading Program and determine the profitability of this Expert Advisor automated indices trading strategy and then Optimize this Expert Advisor to a point where it is giving good profits from its indices automated trading activities.
NB: Before starting the MT4 Indices Trading Strategy Tester shown below, you must first attach a stock indexes trading Expert Advisor on a MT4 stock indexes trading chart, by going to the Navigator Window, selecting the stock indexes trading Expert Advisor and then right click on it and specify the option “Attach to Chart”, once the Expert Advisor is attached to the MT4 stock indices chart it will add Expert Advisor as shown below, Then Right Click on the Expert Advisor, select properties and then select the option by Checking/Ticking “Allow Live Trading” and then continue with the Indices Trading Simulator MetaTrader 4 Free - MT4 Indices EA Strategy Tester shown below.
The Indices Trading Simulator MetaTrader 4 Free - MT4 Indices EA 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 Indices Trading Simulator MetaTrader 4 Free - MT4 Indices EA Strategy Tester has the following Parameters for setting up before testing an Expert advisor automated stock indexes trading system and also for optimizing the profitability of this indices trading Expert Advisor.
Expert Advisor: Parameter for selecting which stock indexes trading Expert Advisor you want to test among those installed on your MetaTrader 4 stock indexes trading platform.
Symbol: The indices chart for which you want to test the stock indexes 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 and the date to end the testing of the indices trading Expert Advisor
Visual Mode: Select To view the illustration of where this stock indexes trading Expert Advisor opens and closes indices trade as the testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: Indices Trading Chart Time frame for which to use example 1 Hour Indices Trading Chart
Optimization: Allow Optimization Setting for your Expert Advisor Automated Indices Trading Robot
For example to test the above stock indexes trading Expert Advisor on the stock indices chart for profitability, the settings can be set up as shown above and the MetaTrader strategy tester is then run, by pressing the “Start Button”.
The following trade results are generated and an automated indices trader can choose to optimize the stock indexes trading Expert Advisor further by changing the Expert Advisors indices trading settings.
Once the optimization of the stock indexes trading Expert Advisor is complete the status bar will show progress, the above status bar shows the progress that the stock indexes trading Expert Advisor testing is complete.
To view the result click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this Indices Trading Simulator MetaTrader 4 Free - MT4 Indices EA Strategy Tester for Indices Expert Advisor testing you must go to the navigator window, double click on this stock indexes trading Expert Advisor to attach it to the stock indices 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 indices trading strategy within the Indices Trading Simulator MetaTrader 4 Free - MT4 Indices EA Strategy Tester.
Once you Run your Expert Advisor the Results will be shown on the following windows
Indices Trading Simulator MetaTrader 4 Free
Indices Trading Simulator MetaTrader 4 Free
Indices Trading Simulator MetaTrader 4 Free
Indices Trading Simulator MetaTrader 4 Free - MT4 Indices EA Strategy Tester Profit and Loss Graph - Indices Trading Simulator MetaTrader 4 Free
The above is just a brief introduction to the Indices Trading Simulator MetaTrader 4 Free - MT4 Indices EA Strategy Tester - automated trading with Expert Advisor Indices Trading Robots is a wide topic that a indices trader will take some time and research to learn about but the main environment to test and optimize the stock indexes trading Expert Advisor automated stock indexes trading robot will be the MT4 Indices EA Strategy Tester.
NB: You can only implement an Automated Indices Expert Advisor using data that has been downloaded and saved on your MT4 stock indexes 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 stock indexes trading Expert Advisor would trade.
