What is the MT4 Strategy Tester?-Forex Strategy Price Action
- MetaTrader 4 (MT4) allows you to test and use automated trading strategies
- You can use this feature to analyze any results and optimize your automated strategy
- To use the Strategy Tester, simply select it from the option in the View Tab or press CTRL + R on the keyboard
- The results of your strategy can be analyzed in three separate tabs
MT4 allows you to use automated trading strategies as well as backtesting your strategies with the MT4 Strategy Tester. You can use this feature to analyze any results and optimize your automated strategy. In order to activate the Strategy Tester, simply choose the Strategy Tester option from the View tab at the top of the menu or alternatively press CTRL + R on the keyboard. #Forex Strategy Price Action
Once the Strategy Tester window is open, you can select your strategy and set your parameters with test conditions like the symbol name and the period for backtesting. Once all parameters have been set, you can initiate the backtesting process by pressing the Start button and awaiting the results. The results may be analyzed in three separate tabs:
1. Results: In this tab, you’re able to analyse where trades were opened, closed and what the net result from the trade was.
2. Graph: In this tab, you’re able to see a graphical view of the backtesting results.
3. Report: In this tab, you’re able to analyze factors such as the number of opened trades, maximum drawdown, number of profitable/losing trades, total net profit and other features that will help you decide how best to use your strategy.