Thomas, Sergei is has nice momentum also - http://forexsb.com/forum/post/27432/#p27432

I make a little profit with FSBPro, I have some strategies that trade quickly and some longer term strategies which I sorta favor.

I favor the longer slower charts because of the Metaquotes brokers tendencies to steal from the traders on the fast charts.

When I decide that I want to sell something and deal with the crying and complaining I will post it on My Fxbook, however, I am quite satisfied and do not anticipate selling anything.

As far as it goes, Popov has posted some profitable strategies from time to time....., oner need only look through the posts and videos to find them.

And Popov is quite willing to help improve a strategy that is well put together and close to making good money.

Recently I posted a portfolio view of some strategies I made with FCPro and those show excellent money from week to week.

Firstly, if you have questions about indicators, I think Footon is the expert here.

As for me, I'm just a season 1min or 5min chart user...other than that I'm rather blurred about many things

So I can only tell you based on my own experience...and how to churn out profitable EA in 1min or 5min chart.  As for how the brokers can "steal" the pips from 1min or 5min charts, this I don't have the answer.  So I look for reliable brokers...JFD broker seem creditable, JFD claimed that they can produce your trading receipts sent for every of your orders to prove that they don't do desk dealing or trade against you etc. 

Tips for using FSB Pro to make profitable EA on 1min or 5 min MT4 chart

1.  The advantage in using lower time frame such as 1min or 5min is that you can take advantage of the feature "Longer Time Frame".

2.  My trading stlye is to find a set of indicators (do adjust the parameters till you find the period best that produce the "curves and crosss over" that follows the price movement or trend of the H1, H4 or D1 MT4 chart.
(use smaller parameters for larger time chart such as H4 or D1 and larger parameters for smaller time chart such as 1 min or 5 min).  Put these indicators with various parameters "overlapping" in your MT4 charts and then keep switching over different time chart in MT4 to observe and compare which parameters are good for which time chart.

3.  I use D1 or H4 to be the determining factors of when a trend starts and I input the parameters as 1st opening conditions in the FSB Pro 1min chart, with Longer time frame input as D1 or H4 to tell FSB to "act" only when H4 or D1 has these conditions.  As for closing, put "close and reverse".  Later after you have completed all the opening conditions, you can adjust your closing conditions to make it more "responsive" or last "strict" as your opening conditions. 

4.  After you input your "determining factors/conditions" of when a trend will start in the D1 or H4 chart, you start to input other opening conditions starting with the bigger Longer Time Frame first in decending order. eg D1, H4, H1, 30min, 15min, 5min and default (1min or 5 min).  This is my trading style, if H4 or D1 shows upward trend, my EA will not enter into trade unless all, if not most of the other time charts also show or "agree" with D1 or H4 that it is ready to "move" upward.  If the lower time frame or charts aren't ready, it means it is still under "sideway trending" and waiting to build up the momentum cos the D1 and H4 are already getting ready for the big move.

As a result of using the Longer Time Frame features, most of my trade will take in profit ranging $500 to $1500 within 3 to 5 hrs.  It hardly open a position for more than 1 or 2 days.  The EA will wait till it is the right time to enter and hence, trade duration is short because it has high entry accuracy.

After Popov increased the FSB opening and closing conditions from 8 to 26, my EA improved a lot more in entry accuracy because now I can input more conditions for all time frame.  In the past, with only 8 conditions, I have to prioritise which time frame to use and hence can't input for all time frames.  Now I can and hence my EA eliminate more sideway trending and false signals with the increase of conditions given.

I've created thousands of EA, that's how much of trial and error till I finally figure out which work best...hence i would not short change your learning curve.  You can make a few EA that uses different "determining Factors" such as I've EA enter when D1 is "higher" etc. and other EAs with H4, and other EAs with H1 etc. So that while the D1 is "sleeping", other smaller trend movement can be captured by the other time frames. 

Ok, I hope I've been clear with my explanation and hopefully "convince" some to give 1min or 5min chart for a try and "think out of the box".

hannahis

That is one amazing post.

Thank you.

daveM

Hannah

I trhink you are the one to be teaching the rest of us.!

daveM

Footon will agree, I am sure, that you have been brave enough to attempt, and have conquered.

And the rest of us are really happy for you.

daveM

I run a few hundreds of EA now for testing.

Here is today's profit from my EAs.  I'm putting this up to make people green with envy so that they would sit up and think about changing their "old ways of thinking" and try out the 1min charts.  Unless someone else can give me impressive results to convince me otherwise.

The advantage of using Longer Time Frame trading style is that it seem that these EAs "interchangeable", i.e 
can also be used in other currencies.  Right now I'm testing them on EURUSD, SGUSD and Gold and these same EAs yield the similar good results between these three fx 

I don't have enough time and resources to test these EAs in other currencies yet but would probably do so after I've shortlisted the very good ones and then I would test them across all the major fx.  Based on what I see, incredible as it seems, using Longer Time Frame trading style seem to produce EAs that can be used across other currencies/Major Fx etc.  I'm curious to test them out in stocks and other commodities...later probable...now just trying to focus cos' take quite a lot of work trying to monitor these hundreds EAs results.

All these EA profits are in 1 lot size.

Masny brokers haver a 5 or 10 minute rule requiring a trade to last for a certain length of time so that they can lay off the trade.....

And if trades are breaking their arbitrary rule, they just close your account and refund your deposit....

That is one reason that I fear a one minute chart.

and the second reason is...... I am too old hahaha  One minute action is too much for me.

That being said, I encourage others to get at it and follow Hannahis lead.

If we actually evaluated what has happened with Forex Strategy Builder over several years.... we would realize that Popov has donated several years of his life to benefitting others.....

I regard Popov as a true professional in life...... he has shared so much knowledge to benefit his following.

Not many in my world have contributed so much.

Very well said Dave, indeed Popov has given his life and time for us.  That's why I feel buying even the Life time membership is really nothing compared to what Popov had given up for us (his time with his family and efforts).  I truly admire Popov, he is a gem

Given others, He could have kept all these to himself yet he shared with the FSB people all these years without even asking them to pay for it...till now finally he deserved at least some form of reward or payment for his work.  I wonder if I were to worked so much for so many years with little financial returns from my project, how long would I be motivated to last any longer?  I wonder where Popov finds his inspiration to go on all these years.  So to those out there who encounter any difficulties or problem, please tone down your complains and express your issue politely with due respect to the FSB team.  Thanks

Keep up the good works, Popov!!!! We are very proud and grateful to you

I am more of a trend trader, for scalping I trade manually.

Higher Time frame is equivalent to using longer oscillators or averages, there is no magic in higher time frame. Higher time frame, 3 screen approach was developed for manual traders  who could benefit from vizualizing their charting with three or more different charts. Strategy developers can use  bigger numbers.

I use very small accounts and very small positions..... in case there is bad weather and I will want to live to fight another day. My maximum trade size is 3 per cent of the account available margin.

It is amazing how that amount grows from week to week.

I trade quite a few different markets and pretty well ensure that there is a developed trend if I will enter a trade.

I use the old fashioned approaches, moving averages, donchian, Ichimoku, OSMA, envelopes, LSMA and any other bands like steady bands etc.

I like to ensure that a stop is placed with my order.

I have one Metatrader running a 'Turtle Trader' on 28 pairs on a daily chart. It has some nice results, some huge trends (of course there are a number of small losses). I may add a few CFD's to that, not sure yet.

Thast gives you an idea as to what I use.