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	<title type="html"><![CDATA[Forex Software — New Starter]]></title>
	<link rel="self" href="https://forexsb.com/forum/feed/atom/topic/119/" />
	<updated>2007-08-07T16:56:20Z</updated>
	<generator>PunBB</generator>
	<id>https://forexsb.com/forum/topic/119/new-starter/</id>
		<entry>
			<title type="html"><![CDATA[Re: New Starter]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/503/#p503" />
			<content type="html"><![CDATA[<p>Maybe one should invite qualified mql4 programmers that can translate ForexSB strategy into MT4 EA to make known their service here.</p>]]></content>
			<author>
				<name><![CDATA[Melvin Lau]]></name>
				<uri>https://forexsb.com/forum/user/74/</uri>
			</author>
			<updated>2007-08-07T16:56:20Z</updated>
			<id>https://forexsb.com/forum/post/503/#p503</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Re: New Starter]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/502/#p502" />
			<content type="html"><![CDATA[<p>Not problem with the MACD Histogram. I plan to add several new indicators till the beginning of September.</p><p>To Nordic12</p><p>In FSB you can specify the market entry point into the first slot. It can contain an indicator that sets one entry price as: Moving Average, Bar Opening ... or two prices Bollinger Bands, Previous High Low ...</p><p>the same is for the Exit point, but using Bar Closing you can use close logics also.</p><p>I can suggest you this for you strategy:</p><p><strong>[Closing point of the position]</strong><br /><strong><span style="color:blue">Bar Closing</span></strong><br />&nbsp; &nbsp; &nbsp;<strong><span style="color:teal">Exit the market at the end of the bar</span></strong><br />&nbsp; &nbsp; &nbsp;<strong>Base price</strong>&nbsp; -&nbsp; <em>Close</em></p><p><strong>[Closing logic condition]</strong><br /><strong><span style="color:blue">RSI</span></strong><br />&nbsp; &nbsp; &nbsp;<strong><span style="color:teal">The RSI is lower than the Level line</span></strong><br />&nbsp; &nbsp; &nbsp;<strong>Smoothing method</strong>&nbsp; -&nbsp; <em>Simple</em><br />&nbsp; &nbsp; &nbsp;<strong>Base price</strong>&nbsp; -&nbsp; <em>Close</em><br />&nbsp; &nbsp; &nbsp;<strong>Smoothing period</strong>&nbsp; -&nbsp; <em>9</em><br />&nbsp; &nbsp; &nbsp;<strong>Level</strong>&nbsp; -&nbsp; <em>30</em><br />&nbsp; &nbsp; &nbsp;<strong>Use previous bar value</strong>&nbsp; -&nbsp; <em>No</em></p><p><strong>[Closing logic condition]</strong><br /><strong><span style="color:blue">Previous High Low</span></strong><br />&nbsp; &nbsp; &nbsp;<strong><span style="color:teal">The bar closes below the previous Low</span></strong><br />&nbsp; &nbsp; &nbsp;<strong>Base price</strong>&nbsp; -&nbsp; <em>High &amp; Low</em></p><br /><p>In this case the closing is at the end of the bar, but only if RSI drops below 30 or the price drops below previous low. I think this is what you ask for.</p>]]></content>
			<author>
				<name><![CDATA[Popov]]></name>
				<uri>https://forexsb.com/forum/user/2/</uri>
			</author>
			<updated>2007-08-06T22:15:40Z</updated>
			<id>https://forexsb.com/forum/post/502/#p502</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Re: New Starter]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/500/#p500" />
			<content type="html"><![CDATA[<p>You have to modified it to test on FSB because of MACD histogram. <br />I think the FSB team will add it into the next versions if you request it.</p><p>About the strategy, you can select &quot;Opening point of the position&quot; - &quot;Bar Closing&quot; and &quot;Opening logic&quot;<br />MA(80) - The position opens below the MA value (the position opens at &quot;Bar Closing&quot;. It is equal to bar closes below the MA)</p><p>For MACD you can try something.</p><p>Exit point - &quot;Bar Closing&quot; (In order to use close filters)</p><p>Closing logic -&nbsp; RSI(9) The RSI is lower then the Level line ( Level = 30)</p><p>Or Closing Point<br />Previous High Low - Close Long at the previous Low.</p><p>You can set only one exit point.<br />....</p><p>Ask more if you need!</p>]]></content>
			<author>
				<name><![CDATA[Jar Jar]]></name>
			</author>
			<updated>2007-08-06T19:01:31Z</updated>
			<id>https://forexsb.com/forum/post/500/#p500</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[New Starter]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/499/#p499" />
			<content type="html"><![CDATA[<p>Hi</p><p>I have manual tested this strategy (70% success rate) and wanted to check further back </p><p>The startegy is:<br />- Draw SMA(80)<br />-Draw a MACD (12,6,9)</p><p>For a sell<br />When the price closes below the SMA and the MACD histogram is lower than 0.02 sell<br />Set the stop loss to the High of the previous candle</p><p>For an exit <br />When RSI(9) falls to 30 (or lower)</p><p>Reverse for a BUY</p><p>Ive tried to work this on the FSB but just cant work</p><p>Any help appreciated</p><p>thanks</p>]]></content>
			<author>
				<name><![CDATA[Nordic12]]></name>
				<uri>https://forexsb.com/forum/user/126/</uri>
			</author>
			<updated>2007-08-06T18:17:41Z</updated>
			<id>https://forexsb.com/forum/post/499/#p499</id>
		</entry>
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