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 & then Optimize this EA to a point where it's giving good profits from its automated trading activities.

Note: Before beginning the MT4 Indices Trading Strategy Tester illustrated & shown below, you must first attach a stock Expert Advisor in MetaTrader 4 chart, by going to the Navigator Window, choosing the stock trading EA and then right click on it and specify the option 'Attach to Chart', once the EA is attached to the MT4 chart it will then appear as pictured 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 contains the following Expert-Advisor Parameter Settings for set up prior to testing an Expert-Advisor automated stock indices system & also for optimizing the profitability of this trading EA.

Expert Advisor: Parameter for choosing which trading EA you want to test among those installed on your Meta Trader 4 trading platform.

Symbol: The chart for which you want to test the stock trading Expert Advisor on

Model: Whether to execute based on tick method, open trading prices or control points

Use Date: Set the date to begin the testing & the date to end the testing of the EA

Visual Mode: Choose To view the illustration of where this stock trading EA opens & closes trade as testing goes on, there's 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 Hour Indices Chart

Optimization: Allow Optimization Settings for your Expert Advisor Automated Indices Trading Robot

For example to test the above stock trading EA on stock 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 trader can choose to optimize the stock trading EA further by changing the Expert Advisors indices trading settings.

Once the optimization of the stock trading Expert Advisor is complete the status bar will explain progress, above status bar shows progress that the stock 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 Indices Expert Advisor testing you must go to navigator panel, double-click on this stock trading EA to attach it to the 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 Indices 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 one will take some time & research to learn about but the main environment to test & optimize the stock trading EA automated stock bot will be the MetaTrader 4 Indices EA Strategy Tester.

Note: You can only implement an Automated Indices Expert Advisor using data which has been downloaded & saved on your Meta Trader 4 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 trading Expert Advisor would trade.