Forex Strategy Builder - Overview
Forex Strategy Builder is a platform for creating, testing and analysing trading strategies for the forex market. It provides an easy way of building forex strategies by combining various technical indicators. All necessary parameters and logic rules can be selected from menus, and you don't have to write formulas or a program code.
Forex Strategy Builder uses real forex data to perform back tests for the various foreign exchange pairs or time periods and calculate the real life result of the strategy. It supplies detailed charts and statistics, and the automatic journals show all transactions and positions, as well as the changes in your virtual bank account.
Forex Strategy Builder shows the real situation as if you were trading the strategy on the market. Moreover, you will be able to test the strategies that books or analyzers suggest and see for yourself if they are profitable or not. Simply set your strategy in Forex Strategy Builder and it will show your virtual bank account as if you had traded in the selected period. If this virtual balance falls, it is a certain indicator that this strategy will lose money in real trade, but if the balance goes up, the strategy may be profitable.
Forex Strategy Builder also provides a strategy generator that allows even the total newbie to create a strategy with the click of a button. After the strategy is generated you can read the detailed explanation in the overview. Experienced traders use the generator to add more indicators to their existing strategy and improve their trading.
Other unique feature of Forex Strategy Builder is the intrabar scanner. Its purpose is to ensure that the back test resembles the real movement of the price as close as possible by loading all the available time frame data. The intrabar explorer allows you to check the price movement inside each bar and see the exact order of trades during that time period.
The Optimizer can be used to adjust the indicators' parameters for maximum profit but this often leads to over-optimization and we don't recommend it for real trading purposes.
Detailed information about the downloading, the system requirements and the installation of this program can be found in the download page.
Dear Mr Popov хочу поблагодарить за создание одну из самых лучших программ для рынков!!!
Dear Mr Popov,
Thank you very much for this nice program. It is very useful. I have a question. My strategy opens a position if the price is %x higher or lower than the opening price. How can I formutale this?
Thanks & Best Regards,
Burak
You can use the "Envelopes" indicator. It consists of a central moving average and two bands shifted up and down at X per cent of the price.
If you set Base Price of Envelops = Open and MA period = 1, the central Moving Average will be equal to the Open price of each bar. Now you can use the upper and lower bands for entry. They will be:
Upper Band = Open + % Deviation of Open;
Lower Band = Open - % Deviation of Open.
Dear Mr Popov,
Thanks a lot.
best regards,
Burak
Что означают зеленая и красная кривыее на графике "Баланс"?
The Green Line is the balance line of long positions.
The Red Line is the balance line of short positions.
Vorrei sapere se posso avere le istruzioni per la piattaforma "forex strategy builder" in Italiano, grazie.
Trader Di Carlo Dario
I have a son who has decided to change careers and learn currency trading. He is learning it on his own. Being a rather intelligent person to begin with, he took an online course and has begun trading from home. Is there any other additional means of learning he should pursue given your experiences? Thank you.
John,
forex-thestrategy.com
Is there a way to have an indicator draw both on the price chart and a separate chart at the bottom? Ex - I'd like to draw Bollinger Bands on the price chart, and have a histogram chart at the bottom for the difference between the upper and lower band. As a workaround for now, I have been creating 2 indicators, one for the price chart and one for the bottom chart.
thanks !!
An indicator can not draw in both charts simultaneously. The chart depends on the "SeparatedChart" parameter. If SeparatedChart = true, the indicator draws only on a separated chart. If the parameter is false or it missing, the indicator draws on the price chart only.
Dear Miroslav,
pls. help me - i want to open the position / buy / when 2 previous bars rised more then 10pips / for example / - how can i put it into FSB?
thanks
igor
Two possibilities are coming in my mind now. They are slightly different so you can try both:
- Momentum (2, Close) - Momentum is higher than the Level. Level = 10.
Momentum (2)= Close[t] - Close[t-2]. Doing so you will enter long when the current close is minimum 10 pips higher than the close of two bars ago. For short is the opposite - you'll sell when the current close price is lower with more than 10 pips from Close[t-2].
The other variant is by using ATR. ATR(2) -> ATR is higher than the Level (10). Here ATR considers the bars' range.
ATR is equal to:
-current high minus the current low.
-the absolute value of the current high minus the previous close.
-the absolute value of the current low minus the previous close.
Hi,
Mr. Popov, your software is awesome, thank you so much for it.
Request for the Optimizer: the Optimizer changes parameters looking for the highest ending balance. However, sometimes the highest ending balance results in a "V" shaped Balance/Equity chart. This means the strategy with the optimized parameters had a lot of consecutive losses in the beginning.
Would it be possible for the Optimizer to also search for the parameter combination that has the highest Win/Loss ratio? I look for strategies that have a mostly straight line for the Balance/Equity chart, even if they result in lower total profit, because presumably they would have more consistent results over time like from week to week or month to month; also, another goal is to remove the losing trades. A higher Win/Loss ratio is a good proxy for the straight line that the Optimizer could look for.
thanks
Hello Krog, I've tested different evaluation criteria before. For example if we set as a criterion max Win / Loss ratio the strategy may and with 0 losses and one 1pip win. So the Win / Loss ratio will be infinity and the optimizer will never find a better strategy.
i downloaded the software,but i have a problem.i managed to generate some good strategies,but when i try to scan the account balance falls very heavily.but before i scan the balance is very good.does it mean the strategy is poor?
The scanner uses all available intrabar data (all lower time frames) and makes a more precise backtest.
Be sure you are using "Pessimistic" method of interpolation and your strategy doesn't have too much ambiguous bars.
hello, simple question, i have 2 moving averages, how can i make it buy or sell, when one moving average crosses over another one ??
1. Set the desired entry price in "Opening Point of the Position" slot. It's better it to be "Bar Open".
2. Set "Moving Average Crossover" indicator in an "Opening Logic Condition" slot.
Doing so, when a crossover arises, a position will be open at bar open price.
I am testing out your strategy builder.
I try to set MA as one of the indicator but when I input in to my trading platform, the program doesn't buy and sell itself.
May I know ow to adjust it to bu and sell under my condition?
The program will start trading when the entry conditions are satisfied and the entry price is reached.
Newest Versions
Forex Strategy Builder v2.12
Released on February 24, 2010
If you have any questions, ideas or offers, please contact us at
info
forexsb.com
or leave a message into the forum.
Copyright © 2006 - 2009 Miroslav Popov - All rights reserved.