How to Use MT4 EA Strategy Tester Lesson PDF

The MetaTrader 4 simulator in MT4 lets you test an Expert Advisor's profits. This EA is an auto-trading program. You check the EA's strategy for indices. Then you tweak it until it makes solid gains from auto trades.

Before using the MT4 Strategy Tester, add your stock EA to the chart. Open the Navigator. Find the EA, right-click, and choose "Attach to Chart." It appears as shown. Right-click the EA, go to properties, and check "Allow Live Trade" before testing.

Turn on the strategy tester in MetaTrader 4 from the view menu. It's near the end there. Or hit Ctrl+R on your keys.

The MT4 Method Tester includes settings for Expert-Advisor Parameters that must be configured before testing an automated stock indices system (Expert-Advisor) and before optimizing the EA's profit potential.

Expert Advisor: Pick the EA to test from those in your MT4 platform.

Symbol: The chart for which you as a trader want to test the stock EA Robot on

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

Use Date: Specify the start and end dates for testing the EA.

Visual Mode: Choose this setting to observe a simulation of where the stock EA opens and closes trades throughout the testing phase: a slider is provided to accelerate or decelerate the speed within this visual simulation.

Period: Timeframe for which to use illustrations H1 Indices Chart

Optimization: Allow Optimization Settings for your Expert Advisor(EA) Automated Indices Robot

To see if the stock EA works well on a stock chart, you can set things up like the picture above shows, and then use the MetaTrader strategy tester by pressing the 'Start Button'.

These are the trade results. If you're using an automated trader, you can optimize the stock EA by tweaking the Expert Advisor's settings.

After the stock Expert Advisor's setup is done, the status bar will show progress, and above it, the status bar will show when the stock Expert Advisor's testing is finished.

Viewing Optimization Results: Access optimization results, graphs, and journals by clicking on highlighted options.

Before initiating the MT4 Strategy Tester for running backtests on an Expert Advisor (EA) designed for Indices, you must navigate to the navigator pane, locate this specific stock EA, double-click it to link it to the active chart, and configure the necessary parameters - which are displayed and illustrated below - by activating the provided settings/checkboxes:

After finalizing the aforementioned settings, you can then subject your automated strategy to testing within the MetaTrader 4 strategies tester environment.

Once you Run your EA(Expert Advisor) the Results will be displayed and shown on the following window

MetaTrader 4 Expert Advisor Strategies Tester Optimization Simulation Results

MT4 EA Strategy Simulator Tester Optimization Graph

MetaTrader 4 Expert Advisor Strategy Simulator Balance & Equity Graph

MT4 EA Strategy Tester Profit and Loss Graph

The above provides a brief overview of the MetaTrader 4 strategy-tester. The subject of automated trading with EA Trading Bots is extensive and requires time and research to understand. The primary platform for testing and fine-tuning the EA automated stock bot is the MetaTrader 4 EA Strategy Simulator.

Remember: You can only test an Indices Expert Advisor using data that has been downloaded and saved on your MT4, so pick dates you've traded with your MetaTrader 4 to see how your automated stock Expert Advisor would trade.

Study More Guides and Tutorials:

Trade Stock Indices

How to Use MT4 EA Strategy Tester Lesson PDF

MetaTrader 4 Expert Advisor Strategies Tester Optimization Simulation Results

MT4 EA Strategy Simulator Tester Optimization Graph

MetaTrader 4 Expert Advisor Strategy Simulator Balance & Equity Graph

MT4 EA Strategy Tester Profit and Loss Graph