MT5 Strategy Tester Window
The MT5 Bitcoin Trading Strategy Tester in the MT5 platform is the environment used to backtest the profitability of an MetaTrader 5 Automated Crypto EA which is an Automated Program & ascertain the profitability of this Expert-Advisor automated bitcoin strategy & then Optimize this Expert Advisor to a point where it's giving good profits from its bitcoin automated trading activities.
NB: Before starting the MetaTrader 5 Bitcoin Trading Strategy Tester illustrated & shown below, you must first attach a cryptocurrency trading Automated Crypto EA on a MetaTrader 5 crypto chart, by going to the Navigator Window, selecting the cryptocurrency trading Expert Advisor and then right click on it and specify the option 'Attach to Chart', once the Expert Advisor is attached to the MetaTrader 5 cryptocurrency chart it will appear as it is illustrated below, Then Right Click on the Automated Bitcoin Trading Expert Advisor, choose properties settings and then choose the option by Checking/Ticking 'Allow Live Trading' & then continue with the MetaTrader 5 strategy tester shown below.
The MT5 strategy tester option can be activated from the view menu and it is the second last menu item on the View Menu, A short cut is to Press Ctrl+R MT5 button keys on your keyboard.
The MetaTrader 5 strategy Tester has the following Parameters for setting up before testing an Automated Crypto EA automated cryptocurrency trading system & also for optimizing the profitability of this bitcoin trading EA.
Automated Bitcoin Trading EA: Parameter for selecting which cryptocurrency trading Expert Advisor you want to test among those installed on your MT5 platform.
Symbol: The bitcoin chart for which you want to test the cryptocurrency trading Automated Crypto 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 cryptocurrency trading Automated Bitcoin Trading Expert Advisor
Visual Mode: Choose To view the illustration of where this cryptocurrency Expert Advisor opens & closes bitcoin trade as the testing goes on, there's also a slide bar to increase or decrease speed for this visual mode.
Period: Bitcoin Chart Time Frame for which to use examples 1 H Bitcoin Chart
Optimization: Allow Optimization Settings for your Automated Crypto EA Automated Bitcoin Bot
For example to test the above cryptocurrency trading Automated Crypto EA on the bitcoin trading for profitability, the settings can be setup as displayed & shown above & MetaTrader platform strategy-tester is then run, by clicking "Begin Button".
The following trade results are generated and an automated bitcoin trader can choose to optimize the cryptocurrency trading Expert Advisor further by changing the Automated Crypto EAs bitcoin trading settings.
Once the optimization of the cryptocurrency trading Automated Crypto EA is complete the status bar will show progress, the above status bar shows the progress that the cryptocurrency Expert Advisor testing is complete.
To view click the options highlighted above (Optimization Results, Optimization Graph, Journal)
Before running this MetaTrader 5 Strategy Tester for Automated Crypto EA testing you must go to the navigator window, double click on this cryptocurrency Expert Advisor to attach it to the cryptocurrency chart & set the parameters as illustrated and shown below by ticking the options provided below:
After setting the above settings then you can test your automated bitcoin trading strategy within the MT5 strategy-tester.
Once you Run your Automated Crypto EA the Results will be displayed on the following windows
MT5 Strategy-Tester Optimization Results
MT5 Strategy-Tester Optimization Graph
MT5 Strategy Tester Balance and Equity Graph
MetaTrader 5 Strategy Tester Tutorial
Above is just a brief introduction to the MetaTrader 5 strategy-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 and optimize the cryptocurrency trading Automated Crypto EA automated cryptocurrency bot will be the MetaTrader 5 Strategy Tester.
NB: You can only implement an Automated Crypto EA using data that has been downloaded and saved on your MetaTrader 5 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 cryptocurrency Expert-Advisor would trade.
