How to Use MetaTrader 4 Stock 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 Expert Advisor which is an Automated Software & determine the profitability of this EA automated stock indices strategy and then Optimize this EA to a point where it's giving good profits from its automated trading activities.

Note: Before beginning MT4 Stock Indices Strategy Tester pictured below, you must first attach a stock EA on a MetaTrader 4 stock chart, by going to the Navigator Window, selecting the stock EA and then right click on it and specify the option "Attach to Chart", once the EA is attached to the MetaTrader 4 stock chart it will appear as pictured below, Then RightClick on the EA, 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 window contains the following Expert Advisor Parameter Settings for set up before testing out an Expert Advisor automated stock indices system and also for optimizing the profitability of this stock EA.

EA: Parameter for selecting which stock 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 EA on

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

Use Date: Set the date to begin the testing and the date to end the testing of the stock EA

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

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

Optimization: Allow Optimization Settings for your EA Automated Stock Indices Robot

For example to test the above stock EA on the 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 trader can select to optimize the stock EA further by changing the Expert Advisors stock indices settings.

Once the optimization of the stock EA is complete the progress bar will show progress, the above status bar displays the progress that the stock EA testing is complete.

To view result click the options highlighted above (Optimization Result, Optimization Graph, Journal)

Before running this MT4 Stock EA Simulator Strategy Tester for Stock Expert Advisor testing you must navigate to navigator panel, double-click on this stock EA to attach it to the 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 EA Strategies Tester Optimization Results

MetaTrader 4 Stock EA Strategies Tester Optimization Graph

MetaTrader 4 Stock EA Strategy Tester Balance and Equity Graph

MetaTrader 4 Stock EA Strategy Tester Profit and Loss Graph

Above is just a brief introduction to the MT4 strategy-tester - automated trading with EA 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 EA automated stock robot will be the MT4 Stock EA Simulator Strategy Tester.

Note: You can only implement an Automated Stock 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 EA would trade.