How to Use MetaTrader 4 XAUUSD Strategy Tester Tutorial PDF
The MT4 XAUUSD Strategy Tester in the MetaTrader 4 platform is the environment used to backtest the profitability of an MetaTrader 4 Gold Expert Advisor which is an Automated Trading Bot & determine profitability of this EA automated xauusd strategy & then Optimize this EA to a point where it is giving good profits from its xauusd automated trading activities.
Note: Before beginning the MetaTrader 4 XAUUSD Strategy Tester shown below, you must first attach a xauusd EA on a MT4 xauusd chart, by going to the Navigator Window Panel, 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 MT4 xauusd chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties settings & then select option by Checking/Ticking 'Allow Live Trading' & then continue with the MT4 strategy tester shown below.
The MT4 strategy-tester option can be activated from the 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 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 selecting 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 trading 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 speed for this visual mode.
Period: Gold Chart Timeframe for which to use example 1 H XAUUSD Chart
Optimization: Allow Optimization Settings 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 set-up 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 & an automated xauusd trader can select 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 click the options high lighted above (Optimization Results, Optimization Graph, Journal)
Before running this MT4 XAUUSD Strategy Tester for Gold Expert Advisor testing you must navigate to the navigator 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 MT4 strategy tester.
Once you Run your Expert Advisor the Results will be shown on the following window
MT4 XAUUSD Strategy-Tester Optimization Results
MT4 XAUUSD Strategies Tester Optimization Graph
MT4 XAUUSD Strategy-Tester Balance and Equity Graph
MT4 XAUUSD Strategy Tester Tutorial
Above is just a brief introduction to the MetaTrader 4 strategy-tester - automated trading with EA XAUUSD Robots is a wide topic that a trader will take some time & research to learn about but the main environment to test & optimize the xauusd EA automated xauusd robot will be the MT4 XAUUSD Strategy Tester.
NB: You can only implement an Automated Gold Expert Advisor using data that has been downloaded and saved on your MT4 software, therefore for the date settings select the dates that you have been trading with your MT4 to get a graph representation of how your automated xauusd EA would trade.
