How to Use MT4 XAUUSD Expert-Advisor Strategy Tester Lesson PDF
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 EA automated xauusd strategy and then Optimize this Expert-Advisor 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 EA and then right click on it and specify the option "Attach to Chart", once the EA is attached to the MetaTrader 4 xauusd chart it will appear as shown 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 MetaTrader 4 strategy tester shown below.
The MT4 strategies 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 has the following Parameters for setting up before testing an Expert advisor automated xauusd system & also for optimizing the profitability of this xauusd EA.
Expert Advisor: Parameter for choosing which xauusd EA 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 EA 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 EA 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 EA testing is complete.
To view result click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MetaTrader 4 XAUUSD EA Strategy Tester for Gold Expert Advisor testing you must navigate to navigator window panel, double-click on this xauusd EA 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 MetaTrader 4 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 XAUUSD EA Strategy-Tester Balance and Equity Graph
MetaTrader 4 XAUUSD EA Strategy Tester Tutorial
The above is just a brief introduction to MetaTrader 4 strategy-tester - automated trading with EA 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 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 software, 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 EA would trade.
