MT5 Strategy Tester Window
The MT5 Indices Trading Strategy Tester in the MT5 platform is the environment used to back test the profitability of an MetaTrader 5 Automated Indices Expert Advisor which is an Automated Trading Program and determine the profitability of this EA automated indices trading strategy and then Optimize this EA to a point where it is giving good profits from its indices automated trading activities.
NB: Before starting the MT5 Indices Trading Strategy Tester shown below, you must first attach a stock indexes trading Automated Indices Expert Advisor on a MT5 stock indexes trading chart, by going to the Navigator Window, selecting the stock indexes trading EA and then right click on it and specify the option “Attach to Chart”, once the EA is attached to the MT5 stock indices chart it will appear as shown below, Then Right Click on the Automated Indices Trading Expert Advisor, select properties and then select the option by Checking/Ticking “Allow Live Trading” and then continue with the MT5 strategy tester shown below.
The MT5 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 MetaTrader 5 buttons on your keyboard.
The MT5 strategy Tester has the following Parameters for setting up before testing an Automated Indices Expert Advisor automated stock indexes trading system and also for optimizing the profitability of this indices trading EA.
Automated Indices Trading Expert Advisor: Parameter for selecting which stock indexes trading EA you want to test among those installed on your MetaTrader 5 stock indexes trading platform.
Symbol: The indices chart for which you want to test the stock indexes trading Automated Indices 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 stock indexes trading Automated Indices Trading Expert Advisor
Visual Mode: Select To view the illustration of where this stock indexes trading EA 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 Automated Indices Expert Advisor Automated Indices Trading Robot
For example to test the above stock indexes trading Automated Indices Expert Advisor on the indices trading 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 EA further by changing the Automated Indices Expert Advisors indices trading settings.
Once the optimization of the stock indexes trading Automated Indices Expert Advisor is complete the status bar will show progress, the above status bar shows the progress that the stock indexes trading EA testing is complete.
To view the result click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT5 Strategy Tester for Automated Indices Expert Advisor testing you must go to the navigator window, double click on this stock indexes trading EA 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 MT5 strategy tester.
Once you Run your Automated Indices Expert Advisor the Results will be shown on the following windows
MT5 Strategy Tester Optimization Results
MT5 Strategy Tester Optimization Graph
MT5 Strategy Tester Balance and Equity Graph
MT5 Strategy Tester Profit and Loss Graph
The above is just a brief introduction to the MT5 strategy tester - automated trading with EA 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 Automated Indices Expert Advisor automated stock indexes trading robot will be the MT5 Strategy Tester.
NB: You can only implement an Automated Indices Expert Advisor using data that has been downloaded and saved on your MT5 stock indexes trading platform, therefore for the date settings select the dates that you have been trading with your MT5 to get a graph representation of how your automated stock indexes trading EA would trade.