How to Use MetaTrader 4 Stock Indices EA Strategy Tester Tutorial PDF
The MT4 Stock Indices Strategy Tester in the MetaTrader 4 platform is the environment used to backtest the profitability of an MetaTrader 4 Stock Index Expert Advisor which is an Automated Software & determine the profitability of this Expert Advisor automated stock indices strategy and then Optimize this EA to a point where it is giving good profits from its stock indices automated trading activities.
Note: Before beginning MT4 Stock Indices Strategy Tester shown below, you must first attach a stock indices EA on a MetaTrader 4 stock indices chart, by going to the Navigator Window, selecting the stock indices EA and then right click on it and specify the option "Attach to Chart", once the EA is attached to the MetaTrader 4 stock indices chart it will appear as shown below, Then Right Click on the Expert Advisor, select properties and then select the option by Checking/Ticking "Allow Live Trading" & then continue with the MetaTrader 4 strategy tester shown below.
The MetaTrader 4 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 buttons on your key board.
The MT4 strategy Tester has the following Parameters for setting up before testing an Expert advisor automated stock indices system and also for optimizing the profitability of this stock indices EA.
EA: Parameter for choosing which stock indices EA you want to test among those installed on your MT4 software.
Symbol: The stock indices instrument for which you want to test the stock indices Expert Advisor on
Model: Whether to execute based on tick method, open stock index prices or control points
Use Date: Set the date to begin the testing and the date to end the testing of the stock indices Expert Advisor
Visual Mode: Select To view the illustration of where this stock indices Expert Advisor opens & closes stock indices trade as testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: Stock Index Chart Timeframe for which to use examples 1 H Stock Indices Chart
Optimization: Allow Optimization Settings for your EA Automated Stock Indices Robot
For example to test the above stock indices Expert Advisor on the stock indices chart for profitability, the settings can be set up as is shown above & the MetaTrader platform strategies tester is then run, by taping the "Begin Button".
Following trade results are generated and an automated stock indices trader can select to optimize the stock indices EA further by changing the Expert Advisors stock indices settings.
Once the optimization of the stock indices Expert Advisor is complete the status bar will show progress, the above status bar shows the progress that the stock indices EA testing is complete.
To view result click the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT4 Stock Indices EA Strategy Tester for Stock Index Expert Advisor testing you must navigate to navigator panel, double-click on this stock indices EA to attach it to the stock indices trading chart & set the parameters as shown & illustrated below by checking the options provided below:
After setting the above settings then you can test your automated stock indices strategy within the MetaTrader 4 strategy tester.
Once you Run your EA the Results will be shown on the following window
MetaTrader 4 Stock Indices EA Strategies Tester Optimization Results
MetaTrader 4 Stock Indices EA Strategies Tester Optimization Graph
MetaTrader 4 Stock Indices EA Strategy Tester Balance and Equity Graph
MetaTrader 4 Stock Indices EA Strategy Tester Profit and Loss Graph
Above is just a brief introduction to the MT4 strategy-tester - automated trading with EA Stock Indices Robots is a wide topic that a trader will take some time & research to learn about but the main environment to test and optimize the stock indices EA automated stock indices robot will be the MetaTrader 4 Stock Indices EA Strategy Tester.
Note: You can only implement an Automated Stock Index Expert Advisor using data which has been downloaded and saved on your MT4 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 stock indices EA would trade.
