How to Use XAUUSD Simulator MT4 Free

The MT4 XAUUSD Strategy Tester in the MetaTrader 4 platform is the environment used to backtest the profitability of an MT4 Gold Expert-Advisor which is an Automated Trading Bot & determine profitability of this Expert Advisor automated xauusd strategy & then Optimize this EA to a point where it's giving good profits from its xauusd automated trading activities.

Note: Before beginning MT4 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, choosing 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 illustrated and shown below, Then Right Click on the EA, select properties settings 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 view menu and it is the second last menu item on View Menu, A short-cut is to Press Ctrl+R button keys 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 & also for optimizing the profitability of this xauusd Expert Advisor.

Expert Advisor: Parameter for choosing which xauusd Expert Advisor you want to test among those installed on your MT4 software.

Symbol: The xauusd instrument for which you want to test the xauusd EA on

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

Use Date: Set the date to begin the testing and date to end the testing of the xauusd Expert Advisor

Visual Mode: Select To view the illustration of where this xauusd Expert Advisor opens & closes xauusd trade as testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.

Period: Gold Chart Timeframe for which to use examples 1 H XAUUSD Chart

Optimization: Allow Optimization Setting for your Expert-Advisor Automated XAUUSD Robot

For example to test the above xauusd EA 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".

Following trade results are generated & 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 result click the options high lighted above (Optimization Result, Optimization Graph, Journal)

Before running this XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester for Gold Expert Advisor testing you must navigate to navigator window panel, double-click on this xauusd Expert Advisor to attach it to the gold chart and set the parameters as illustrated and 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 illustrated on following window

MetaTrader 4 Gold EA Strategies Tester Optimization Results

MT4 XAUUSD Expert-Advisor Strategies Tester Optimization Graph

MetaTrader 4 Gold EA Strategy-Tester Balance & Equity Graph

MetaTrader 4 XAUUSD EA Strategy Tester Profit and Loss Graph - XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester Tutorial

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 & optimize the xauusd Expert Advisor automated xauusd robot will be the XAUUSD Simulator MT4 Free - MetaTrader 4 XAUUSD EA Strategy Tester.

Note: You can only implement an Automated Gold Expert Advisor using data which 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.