A quick and easy guide to help you set up and backtest the AOT Bot on MetaTrader 5— suitable for testing the strategy or preparing for prop firm challenges.
Step 1: Prepare Symbol Data
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Open MT5 Market Watch.
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Right-click anywhere in the Market Watch window and select “Show All”.
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This will download candle data for all symbols required by the bot.
✅ Tip: Make sure all relevant symbols are visible to avoid missing data during backtesting.
Step 2: Set Up the Strategy Tester
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Press Ctrl+R or click the Strategy Tester icon in the MT5 toolbar.
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In the Strategy Tester panel, configure the following:
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Expert: Select AOT Bot.
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Symbol: Choose a currency pair (e.g., GBPAUD).
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Model:
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Use M1 OHLC for faster tests.
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Choose Every tick based on real ticks for higher accuracy.
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Date Range: Set a period of 3–4 years for more reliable results.
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Deposit: Set your starting capital (e.g., $100,000 to simulate prop firm conditions).
Step 3: Configure Trading Parameters
The AOT Bot can operate in two modes. This step is crucial depending on your test scenario:
Option 1: Single Instrument Test
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Configure the bot to match the specific symbol selected in the Strategy Tester.
Option 2: Multiple Instrument Test
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Enable the “Multiple Symbols” option in the bot settings to allow trades across multiple pairs.
Position Sizing Options
- Fixed Lot Size: Set a constant lot size per trade.
- Example: This set will make the trade open with fixed lot = 0.2 for every entry signal:
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Auto Lot Size: Enable automatic lot sizing based on your account balance for dynamic risk management.
- Auto Lot Size (Dynamic Position Sizing): Enable Auto Lot Size to let the bot automatically adjust position size based on your account balance—ideal for dynamic risk management across different capital sizes.
- Lot Size to Trade = Lot Size Value × (Your Actual Capital / Standard Capital for Calculation)
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Example:
Let’s say you set:-
Lot Size Value = 0.2
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Standard Capital for Calculation = $10,000
Then:
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If your account balance is $10,000, the bot will trade 0.2 lots.
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If your account balance is $5,000, the bot will scale down and trade 0.1 lots.
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If your account balance is $20,000, the bot will scale up and trade 0.4 lots.
🧠 This ensures your risk per trade scales proportionally with your capital.
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⚙️ Choose the sizing that best reflects your trading style or challenge requirements.