How to Use Indices Simulator MT4 Free
The MetaTrader 4 Strategy Tester in the MetaTrader 4 platform is the environment used to back-test the profitability of an MT4 Expert Advisor which is an Automated Trading Program and determine profitability of this EA automated indices strategy and then Optimize this EA to a point where it is giving good profits from its automated trade activities.
Note: Before beginning the MT4 Strategy Tester displayed and illustrated below, you must first attach a stock EA in MetaTrader 4 chart, by going to the Navigator Window, choosing the EA & then right click on it & specify the option 'Attach to Chart', once the EA is attached to the Meta Trader 4 chart it will add Expert Advisor as illustrated & shown below, Then Right Click on Expert Advisor, choose properties settings and then choose the option by Checking/Ticking 'Allow Live Trading' and then continue with the Indices Simulator MT4 Free - MetaTrader 4 EA Strategy Tester shown below.
The Indices Simulator MT4 Free - MetaTrader 4 EA Strategy Tester option can be activated from view menu & it is the second last menu item on View Menu, A short-cut is to Press Ctrl+R button keys on your keyboard.
The Indices Simulator MT4 Free - MetaTrader 4 EA Strategy Tester contains the following EA Parameters for setting up prior to testing-out an Expert-Advisor automated stock indices system and also for optimizing the profitability of this EA.
Expert-Advisor: Parameter for choosing which trading EA you want to test among those installed in your MT4 platform.
Symbol: The chart for which you want to test the Expert Advisor on
Model: Whether to execute based on the tick method, open 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: Choose To view simulation of where this stock EA opens & closes trade as testing is carried out, there's also a slide bar to increase/decrease the speed for this visual mode.
Period: Time Frame for which to use examples H1 Indices Chart
Optimization: Allow Optimization Settings for your Expert Advisor Automated Indices Robot
For example, to test the above trading EA on chart for profitability, settings can be setup as shown & illustrated above & MetaTrader strategy tester is then run, by pressing and clicking on 'Start Button Key'.
Following trade results are generated & an automated trader can select to optimize the EA further by changing the Expert Advisors settings.
Once the optimization of the Expert Advisor is complete the status bar will explain progress, above status bar shows progress that the stock EA testing is complete.
To view the result click on options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this Simulator MT4 Free - MetaTrader 4 EA Strategy Tester for Indices EA testing you must go to navigator panel, double-click on this EA to attach it to the chart and set the parameters as displayed & shown below by ticking options provided below:
After setting up the above settings then you can test your automated strategy within the Indices Simulator MT4 Free - MetaTrader 4 EA Strategy Tester.
Once you Run your EA the Results will be displayed on the following window
Indices Trading Simulator MT4 Free
Indices Trading Simulator MetaTrader 4 Free
Indices Trading Simulator MT4 Free
Indices Simulator MT4 Free - MetaTrader 4 EA Strategy Tester Profit & Loss Graph - Indices Simulator MT4 Free
The above is just a brief introduction to the Indices Simulator MT4 Free - MetaTrader 4 EA Strategy Tester - automated trading with EA Trading Bots is a wide topic that a trader will take some time and research to learn about but the main environment to test and optimize the EA automated bot will be the Meta Trader 4 EA Strategy Tester.
Note: You can only test an Automated Indices EA using data which has been downloaded and saved on your Meta Trader 4 platform, therefore for the date settings choose the dates that you have been trading with your MT4 to get a graph representation of how your automated stock EA would trade.
