MTrainer Strategy Tester
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use MTrainer Strategy Tester
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
When you start the MTrainer in the Strategy Tester you will see 2 lines, or 3 lines if you entered a number for PCRate. These lines represent Stop Loss (SLcolor) level Take Profit (TPcolor) level and Partial Close (PCcolor) level. Move these lines into position to represent your next order, then drop a new horizontal line on the chart where you want to place an order. The default color for a new order is DimGray (OScolor) so you must insure the color of this line is the same as what you selected in the parameters. MTrainer determines what type of order you want based on the positions of the SL and TP lines. The name doesnt matter as the MTrainer will replace it with a Pending Order (OPcolor) line. Deleting the Pending Order line will delete the order.
Once your order is pending, you can still move the lines around to modify your order. If you move the pending order line, the order is deleted and a new order sent. Moving SL and TP lines simply modifies your existing order. Moving the PC line does nothing to the order but will signal a partial close when an open order price crosses it. Its effective only once per order. With an Open Order you are still free to move the SL, TP and PC lines to change your order. The color will change to the Open Order color (OOcolor). Deleting and Open Order line will close the order.
Have Fun.
