MT5 Strategy Tester Window
The MetaTrader 5 Stocks Strategy Tester in the MT5 platform is the environment used to back-test the profitability of an MT5 Automated Stock Expert Advisor which is an Automated Robot and determine the profitability of this EA automated stocks strategy & then Optimize this EA to a point where it is giving good profits from its stocks automated trading activities.
NB: Before starting the MT5 Stocks Strategy Tester shown below, you must first attach a stocks Automated Stock EA on a MT5 stocks chart, by going to the Navigator Window Panel, choosing the stocks EA and then right click on it and specify the option 'Attach to Chart', once the EA is attached to the MT5 stocks chart it will appear as it is shown below, Then Right-Click on the Automated Stock Expert Advisor, choose property setting & then choose the option by Checking/Ticking 'Allow Live Trading' and then continue with the MT5 strategy tester shown below.
The MetaTrader 5 strategy tester option can be activated from the view menu & it is the second last menu item on the View Menu, A short cut is to Press Ctrl+R MT5 buttons on your keyboard.
The MT5 strategy Tester has the following Parameters for setting up before testing an Automated Stock EA automated stocks system & also for optimizing the profitability of this stocks EA.
Automated Stock Expert Advisor: Parameter for selecting which stocks EA you want to test among those installed on your MT5 stock platform.
Symbol: The stocks instrument for which you as a trader want to test the stocks Automated Stock EA on
Model: Whether to execute based on tick technique, open stocks prices or control points
Use Date: Set the date to start the testing & the date to end the testing of the stocks Automated Stock Expert-Advisor
Visual Mode: Choose To view the illustration of where this stocks Expert Advisor opens and closes stocks trade as the testing goes on, there's also a slide bar to increase or decrease speed for this visual mode.
Period: Stock Chart Time Frame for which to use example 1 Hour Stocks Chart
Optimization: Allow Optimization Settings for your Automated Stock EA Automated Stocks Robot
For example to test the above stocks Automated Stock EA on the stock trading for profitability, the settings can be set up as shown above & the MetaTrader platform strategies tester is then run, by clicking 'Start Button'.
Following trade results are generated & an automated stocks trader can select to optimize the stocks EA further by changing the Automated Stock Expert Advisors stocks settings.
Once the optimization of the stocks Automated Stock Expert-Advisor is complete the status bar will show progress, the above status bar shows the progress that the stocks EA testing is complete.
To view result click on the options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MT5 Strategy Tester for Automated Stock Expert-Advisor testing you must go to the navigator panel, doubleclick on this stocks EA to attach it to the stock trading chart and set the parameters as displayed below by ticking the options provided below:
After setting the above settings then you can test your automated stocks strategy within the MT5 strategy tester.
Once you Run your Automated Stock Expert Advisor the Results will be displayed on the following windows
MetaTrader 5 Strategies Tester Optimization Results
MetaTrader 5 Strategy-Tester Optimization Graph
MetaTrader 5 Strategy Tester Balance and Equity Graph
MetaTrader 5 Strategy Tester Profit and Loss Graph
Above is just a brief introduction to MT5 strategy tester - automated trading with EA Stocks Robots is a wide topic that a trader will take some time & research to learn about but the main environment to test & optimize the stocks Automated Stock EA automated stocks robot will be the MetaTrader 5 Strategy Tester.
Note: You can only implement an Automated Stock Expert Advisor using data which has been downloaded and saved on your MT5 stock platform, therefore for the date settings select the dates that you have been trading with your MT5 to get a graph representation of how your automated stocks Expert-Advisor would trade.