MT4 Stocks EA Strategy Tester Panel
The MT4 Stocks Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 Stock Expert Advisor which is an Automated Robot & determine the profitability of this EA automated stocks strategy & then Optimize this EA to a point where it's giving good profits from its stocks automated trading activities.
Note: Before beginning MetaTrader 4 Stocks Strategy Tester shown below, you must first attach a stocks Expert Advisor on a MT4 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 MT4 stocks chart it will appear as shown below, Then Right Click on the Expert Advisor, choose property setting & then choose the option by Checking/Ticking "Allow Live Trading" and then continue with the MT4 strategy tester shown below.
The MT4 strategies tester option can be activated from the view menu & 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 stocks system & also for optimizing the profitability of this stocks EA.
Expert-Advisor: Parameter for selecting which stocks EA you want to test among those installed on your MT4 stock platform.
Symbol: The stocks instrument for which you as a trader want to test the stocks 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 Expert-Advisor
Visual Mode: Choose To view the illustration of where this stocks EA opens and closes stocks trade as testing goes on, there is also a slide bar to increase or decrease the speed for this visual mode.
Period: Stock Chart Time Frame for which to use example 1 H Stocks Chart
Optimization: Allow Optimization Setting for your EA Automated Stocks Robot
For example to test the above stocks EA on the stock chart for profitability, the settings can be set up as shown above and the MetaTrader trading platform strategies tester is then run, by clicking "Begin Button Key".
Following trade results are generated & an automated stocks trader can choose to optimize the stocks EA further by changing the Expert Advisors stocks settings.
Once the optimization of the stocks 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 the result click on options high lighted above (Optimization Result, Optimization Graph, Journal)
Before running this MetaTrader 4 Stocks EA Strategy Tester for Stock Expert-Advisor testing you must navigate to the navigator window panel, doubleclick on this stocks EA to attach it to the stock chart & set the parameters as displayed & shown below by ticking the options provided below:
After setting the above settings then you can test your automated stocks strategy within the MT4 strategy tester.
Once you Run your EA the Results will be displayed on the following window
MT4 Stocks Expert Advisor Strategies Tester Optimization Results
MT4 Stocks Expert-Advisor Strategies Tester Optimization Graph
MT4 Stocks EA Strategy Tester Balance and Equity Graph
MT4 Stocks EA Strategy Tester Profit and Loss Graph
Above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with EA Stocks 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 stocks Expert Advisor automated stocks robot will be the MetaTrader 4 Stocks Expert-Advisor Strategy Tester.
Note: You can only implement an Automated Stock Expert Advisor using data which has been downloaded and saved on your MT4 stock platform, 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 stocks Expert-Advisor would trade.
