MQL5 Tutorial 7 Running your first Backtest

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Successful Compilation of the Expert Advisor (00:00 – 00:05)

Confirmation of the successful compilation of the expert advisor in MetaTrader 5.
Launching MetaTrader 5 and Accessing Expert Advisors (00:05 – 00:17)

Instructions on launching MetaTrader 5 and accessing the Expert Advisors section in the Navigator window.
Adding the Expert Advisor to the Chart (00:17 – 00:24)

Steps to drag the 'Hello MQL5' expert advisor onto the chart and ensuring 'Allow automated trading' is checked.
Adjusting Expert Advisor Inputs (00:24 – 00:33)

Option to adjust inputs for the expert advisor, though not necessary for this demonstration.
Observing the Inactive Expert Advisor Due to Closed Market (00:33 – 00:44)

Noting that the expert advisor appears inactive as the market is closed.
Introduction to Back Testing with Strategy Tester (00:44 – 00:54)

Explaining the use of back testing when the market is closed, using the Strategy Tester in MetaTrader 5.
Setting Up Back Testing Parameters (00:54 – 01:06)

Instructions on setting up the expert advisor for back testing, including selecting the time period.
Downloading Historical Market Data for Back Testing (01:06 – 01:16)

Process of downloading historical market data from the MetaQuotes server for back testing.
Waiting for Historical Data Download Completion (01:16 – 01:21)

Mentioning the time it may take to download historical data based on network connection.
Observing Back Testing Results (01:21 – 01:29)

Reviewing the results of the back testing and noting the expert advisor's performance.
First Trade Reaching Take Profit in Back Testing (01:29 – 01:35)
Observing the first trade executed by the expert advisor reaching the take profit mark during back testing.
Conclusion: Successful Working of the First Expert Advisor (01:35 – End)
Celebrating the successful operation of the first expert advisor created and tested.

Metatrader5 allows MQL5 backtesting for your Expert Advisors. Learn how backtesting works in MT5...