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on tester commission calculator
Info
The on tester commission calculator is a Expert Advisor for MetaTrader 5 that update : now it also calculates the commission on "end of test" result on testeri was testing my expert advisor while i found that i have to calculate commission charged by my broker as well otherwise the profit shown by strategy could not be true, so i tried to use in built commission feature on metatrader5 but this did not work. so i decided to code this feature externally.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use on tester commission calculator
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.
What this tool does
update : now it also calculates the commission on "end of test" result on testeri was testing my expert advisor while i found that i have to calculate commission charged by my broker as well otherwise the profit shown by strategy could not be true, so i tried to use in built commission feature on metatrader5 but this did not work.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: schnick [Support Vector Machine Learning Tool Tester] - another powerful expert for MetaTrader 5 traders.
update :
now it also calculates the commission on "end of test" result on tester
Also recommended: ob trader order block strategy tester - similar expert with strong performance on MetaTrader 5.
i was testing my expert advisor while i found that i have to calculate commission charged by my broker as well otherwise the profit shown by strategy could not be true, so i tried to use in built commission feature on metatrader5 but this did not work!so i decided to code this feature externally.
this code can be used in your own expert advisor to calculate the commission (you may need to know programming)
this ea works for testing market order, limit order, stop limit order and stop market order and same can be selected from selectmode input
fee in percentage can be added. like my broker charges 0.04% commission so i added there
after adding entry, sl and tp you can run this ea on strategy tester
on testing you can see i have total 4 deals executed
for each deal, the commission should be calculated that is set on input : 0.04%
lets test in on excel
as you can see for 0.1 qty its 1.2546 for limit buy order and 1.284 for take profit order
so summing up 1.2546 + 1.284 = 2.5386
and total trades are 2
so 2.5386 *2 = 5.0772
so at the end of strategy tester report in journal tab, the total commission is printed
i hope this calculation method will help you testing your ea with more accurate profit when it excludes commissions which your broker charges
You may also like: manual trade on strategy tester - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "Educational code - RobotFX www.robotfx.org"
#include <Trade\Trade.mqh>
CTrade trade;
double Fee=0;
double LastFee=0;
double TotalFee=0;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.