Testing A Robot
- By FXT
- JAN 11, 2023
Testing a robot is a way to check if the strategy you have chosen works on historic data using the parameters and trade conditions you are seeking. The screener allows you to check the basis of the strategy, however it does not factor in things like your stop loss level, take profit level, other entry or exit conditions, check the spread and a range of other inputs that can be tested.
This phase is necessary as it provides more detailed information on the trading strategy. Using the graph and results tab following a test, you can see drawdown periods, wins and losses, dollar risk amounts, win loss percentages, number of trades and other important data.
Thankfully, the screener allows you to fast track the major theme behind the strategy, while the Strategy Tester is used to refine and go into more detail before placing the robot on your trading account.
Access The Strategy Tester
To access the Strategy Tester, you can go to View up in the top toolbars and click on Strategy Tester or alternatively you can use your keyboard to press CTRL and R at the same time to toggle the Strategy Tester on or off. The strategy tester generally appears at the bottom of your platform.