MT4 Cryptocurrency EA Strategy Tester Window
The MT4 Bitcoin Simulator Strategy Tester in the MT4 platform is the environment used to backtest the profitability of an MT4 EA which is an Automated Program & ascertain the profitability of this EA automated bitcoin strategy and then Optimize this EA to a point where it's giving good profits from its bitcoin automated activities.
NB: Before starting MetaTrader 4 Bitcoin Strategy Tester illustrated and shown below, you must first attach a cryptocurrency trading EA on a MT4 chart, by going to the Navigator Window Panel, choosing the trading Expert Advisor and then right click on it and specify the option "Attach to Chart", once the Automated EA is attached to the MetaTrader 4 cryptocurrency chart it will then appear as shown below, Then Right-Click on the Automated Expert Advisor, select properties settings and 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 the View Menu, A short-cut is to Press Ctrl+R button keys on your keyboard.
The MetaTrader 4 Strategy Tester contains the following EA Parameter Settings for set up prior to testing-out an EA automated system and also for optimizing the profitability of this bitcoin trading EA.
EA: Parameter for selecting which cryptocurrency Expert Advisor you want to test among those installed on your Meta Trader 4 trading software.
Symbol: The bitcoin chart for which you want to test the EA on
Model: Whether to execute based on tick technique, open bitcoin prices or control points
Use Date: Set the date to start the testing & date to end the testing of the bitcoin trading EA
Visual Mode: Choose To view the illustration of where this EA opens & closes bitcoin trade as the testing goes on, there's also a slide bar to increase or decrease the speed for this visual mode.
Period: Bitcoin Chart Time-frame for which to use example 1H Bitcoin Chart
Optimization: Allow Optimization Setting for your Expert Advisor Automated Bitcoin Bot
For example, to test the above cryptocurrency trading EA on the chart for profitability, the settings can be setup as displayed and shown above and the MetaTrader platform strategy tester is then run, by clicking the "Start Button".
Following trade results are generated and an automated bitcoin trader can choose to optimize the trading Expert Advisor further by changing the EAs bitcoin trading settings.
Once the optimization of the trading Expert Advisor is complete the status bar will show progress, the above status bar highlights the progress that the Automated Expert Advisor testing is complete.
To view result click the options highlighted above (Optimization Result, Optimization Graph, Journal)
Before running this MetaTrader 4 Expert Advisor Strategy Tester for Crypto EA testing you must go to the navigator window, double click on this Expert Advisor to attach it to the chart & set the parameters as illustrated and shown below by ticking the options provided below:
After setting up the above settings then you can test your automated bitcoin strategy within MetaTrader 4 simulator.
Once you Run your Expert Advisor the Results will be displayed on the following window
MetaTrader 4 EA Strategies Tester Optimization Results
MT4 Expert Advisor Strategy Tester Optimization Graph
MT4 EA Strategy Tester Balance and Equity Graph
MT4 Expert Advisor Strategy Tester Tutorial
Above is just a brief introduction to MetaTrader 4 strategies tester - automated trading with EA Bitcoin Bots is a wide topic that a trader will take some time and research to learn about but the main environment to test & optimize the trading EA automated bot will be the Meta Trader 4 EA Strategy Tester.
Note: You can only test an Automated Crypto EA using data which has been downloaded & saved in your MetaTrader 4 platform, hence for the date settings choose the dates that you have been trading with your MT4 to get a graph representation of how your automated EA would trade.
