How to Use XAUUSD Simulator MT4 Free
The MetaTrader 4 XAUUSD Strategy Tester in the MetaTrader 4 platform is the environment used to back test the profitability of an MT4 Gold Expert Advisor which is an Automated Trading Bot and determine the profitability of this Expert Advisor automated xauusd strategy and then Optimize this Expert Advisor to a point where it is giving good profits from its xauusd automated trading activities.
NB: Before starting the MetaTrader 4 XAUUSD Strategy Tester shown below, you must first attach a xauusd Expert Advisor on a MetaTrader 4 xauusd chart, by going to the Navigator Window, selecting the xauusd Expert Advisor and then right click on it and specify the option "Attach to Chart", once the Expert Advisor is attached to the MetaTrader 4 xauusd 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 XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester shown below.
The XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD 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 XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester has the following Parameters for setting up before testing an Expert advisor automated xauusd system and also for optimizing the profitability of this xauusd Expert Advisor.
Expert Advisor: Parameter for selecting which xauusd Expert Advisor you want to test among those installed on your MT4 platform.
Symbol: The xauusd instrument for which you want to test the xauusd Expert Advisor on
Model: Whether to execute based on tick method, open gold prices or control points
Use Date: Set the date to start the testing and the date to end the testing of the xauusd Expert Advisor
Visual Mode: Select To view the illustration of where this xauusd Expert Advisor opens and closes xauusd trade as the testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: Gold Chart Time frame for which to use example 1 Hour XAUUSD Chart
Optimization: Allow Optimization Setting for your Expert Advisor Automated XAUUSD Robot
For example to test the above xauusd Expert Advisor on the gold chart for profitability, the settings can be setup as displayed and shown above and the MetaTrader platform strategy tester is then run, by taping the "Start Button".
The following trade results are generated and an automated xauusd trader can choose to optimize the xauusd Expert Advisor further by changing the Expert Advisors xauusd settings.
Once the optimization of the xauusd Expert Advisor is complete the status bar will show progress, the above status bar shows the progress that the xauusd Expert Advisor testing is complete.
To view the result click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester for Gold Expert Advisor testing you must go to the navigator window, double click on this xauusd Expert Advisor to attach it to the gold 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 xauusd strategy within the XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester.
Once you Run your Expert Advisor the Results will be shown on the following windows
MetaTrader 4 Gold Expert Advisor Strategy Tester Optimization Results
MT4 XAUUSD EA Strategy Tester Optimization Graph
MetaTrader 4 Gold Expert Advisor Strategy Tester Balance and Equity Graph
MetaTrader 4 XAUUSD EA Strategy Tester Profit and Loss Graph - XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester Tutorial
The above is just a brief introduction to the XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester - automated trading with Expert Advisor XAUUSD Robots 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 xauusd Expert Advisor automated xauusd robot will be the XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester.
NB: You can only implement an Automated Gold Expert Advisor using data that has been downloaded and saved on your MetaTrader 4 platform, therefore for the date settings select the dates that you have been trading with your MetaTrader 4 to get a graph representation of how your automated xauusd Expert Advisor would trade.
