Forex Strategy Builder V 2.4.0.3-1 Unstable
Strategy name: Hourly_30K_AllCurrency
Exported on: 4/18/2007 5:17:10 AM

Market: EURUSD 1 Day
Spread: 4 pips
Swap Number: 1 pip

Balance: 15358 pips
Minimum account: -396 pips
Maximum drawdown: 426 pips
Time in position: 57 %

It not over fittting as the same on another curriency pair produce even better result,

Forex Strategy Builder V 2.4.0.3-1 Unstable
Strategy name: Hourly_30K_AllCurrency
Exported on: 4/18/2007 5:19:21 AM

Market: USDCHF 1 Day
Spread: 4 pips
Swap Number: 1 pip

Balance: 34670 pips
Minimum account: -17 pips
Maximum drawdown: 589 pips
Time in position: 44 %

I think a good strategy should work for other curriency pairs and preverably a different time frame too.
Any comment on this observation

Market: EURUSD 1 Hour
Spread: 4 pips
Swap Number: 1 pip

Balance: 2381 pips
Minimum account: -149 pips
Maximum drawdown: 613 pips
Time in position: 63 %

The same direction signal - does Nothing
The opposite direction signal - does Nothing

[Opening point of the position]
Bar Opening
     The market entry is at the beginning of the bar
     Base price  -  Open

[Opening logic condition]
MACD
     The MACD line crosses the zero line upward
     Smoothing method  -  Exponential
     Base price  -  Close
     Slow MA period  -  27
     Fast MA period  -  11
     Signal line period  -  9
     Use previous bar value  -  Yes

[Closing point of the position]
Bollinger Bands
     Close long at the Up Band
     Smoothing method  -  Smoothed
     Base price  -  Median
     MA period  -  48
     Multiplier  -  2.14
     Use previous bar value  -  Yes

For this strategy we use the EURUSD 1H data.

We open a new position at the beginning of the bar. This is specified in the first strategy slot:

[Opening point of the position]
Bar Opening
     The market entry is at the beginning of the bar
     Base price  -  Open

But we do not open at each bar. We open when the Opening logic condition is satisfied.
It is specified in the second slot:

[Opening logic condition]
MACD
     The MACD line crosses the zero line upward
     Smoothing method  -  Exponential
     Base price  -  Close
     Slow MA period  -  27
     Fast MA period  -  11
     Signal line period  -  9
     Use previous bar value  -  Yes

The condition means - The opening will be allowed when the The MACD line crosses the zero line upward. Here, the thin moment is  Use previous bar value  -  Yes.
Because we open at the beginning of the bar, but the MACD uses Closing Price we DO NOT KNOW the value of the MACD for the current bar. We HAVE TO USE the previous value of MACD. This is vary important. In fact the previous value is from the previous second (the previous bar just closes). 

See this on the chart.

The closing of the positions is at the Bollinger Bands.

[Closing point of the position]
Bollinger Bands
     Close long at the Up Band

More clear - close the longs at the up band and the shorts at the down band.
Here we Use previous bar value  -  Yes also.

This strategy is not vary good. The reason is that we do not limit the losses. We open a long position at the beginning of the bar (when the MACD allows) and we have to close at the up BB band (it is above the position's opening price) - it places Take Profit Order. There is nothing to protect us when the price drops.

If the MACD crosses the zero line downward during a open long position (this is an opposite signal), we do not close or reverse -  The opposite direction signal - does Nothing

If MACD crosses above the zero line (this is a same direction signal) we do not add to the position - The same direction signal - does Nothing

This strategy is very easy for trading.
It's necessary to arrange the indicators in your forex platform:

MACD 27, 11, 9 Price close Exponential
BB 2.14 , MA(48, Median price (PH + PL)/2, Smoothed)

At 12:00 PM:
   - if square:
           if MACD has crossed the zero line from below - Open Long
           if MACD has crossed the zero line from above - Open Short

   - if Long
           send Sell order on the today's BB upper line

   - if Short
           send Buy order on the today's BB bottom line

And that is all.

The good part - we have all info at the beginning of the bar.
The bad part - is a little bid risky. We close the Long/Short only on the upper/bottom line. The loss is not limited.

Be careful. Make this at your own risk!
When you take the profit send me an apple!

---------------------
PS
Thanks for this post -Updating the Quotes. It works good.

As a matter of principle you are right. There is a little detail here. The strategy is designed for the EURUSD 1H market. This means, you have to set your orders at the beginning of every hour, not every day.

To remove an opening of a short position below the lower BB it's not necessary to use two Open Filters BBs

See the original strategy:

[Close] Bollinger Bands
     Logic The Price Open is lower than the Up Band.

This means:  we cant open a long position on price greater than the upper band.
The FSB takes the mirror logic automatically for a short position.
For a short  position this means:   we cant open short on price lower than the down band.

This logic works in the same way in the close slot as well as in an open filter slot.

Here is a combination of the Forexboy's optimization and the idea of the original strategy

Forex Strategy Builder V 2.3.1.0 Beta
Strategy name: eurusd_1h_winning1
Exported on: 1/19/2007 4:19:30 PM

Market: EURUSD 1 Hour
Spread: 4 pips
Swap Number: 1 pips

Balance: 2494 pips
Min account: 0 pips
Max drawdown: 612 pips
Time in position: 62 %

The same direction signal  - does Nothing
The opposite direction signal - does Nothing

[Open] Price Open

[Filter] MACD
     Logic The MACD Line crosses the zero line from below.
     Smoothing Method Exponential
     Base Price Close
     Period Slow Line 27
     Period Fast Line 11
     Period Signal Line 9
     Use previous bar value True

[Close] Bollinger Bands
     Logic The Price Open is lower than the Up Band.
     Smoothing Method Smoothed
     Base Price Median
     Period 48
     Multiplier 2.14
     Use previous bar value True

The problem here is: Max drawdown: 612 pips
According to me the max acceptable drawdown has to be no more than 200 pips.
You have to survive after 3-4 consecutive losses. But, with drawdown 400-600p and more this is a very painfully or an impossible task!

I decide to set double BB close filters, that have to close the position when the market closes over the upper band
ind below the lower bound.

Of course, to do this I set Price Close in the [ Close ] slot first.
And I set two BB filters with logics:
Price Close is greater than the upper bound.  and
Price Close is lower than the bottom bound.

Balance: -45 pips
Min account: -294 pips
Max drawdown: 1107 pips
Time in position: 36 %

The same direction signal  - does Nothing
The opposite direction signal - does Nothing

[Open] Price Open

[Filter] MACD
     Logic The MACD Line crosses the zero line from below.
     Smoothing Method Exponential
     Base Price Close
     Period Slow Line 27
     Period Fast Line 11
     Period Signal Line 9
     Use previous bar value True

[Close] Price Close

[Filter] Bollinger Bands
     Logic The Price Close is greater than the Up Band.
     Smoothing Method Simple
     Base Price Close
     Period 48
     Multiplier 2.14
     Use previous bar value False

[Filter] Bollinger Bands
     Logic The Price Close is lower than the Down Band.
     Smoothing Method Simple
     Base Price Close
     Period 48
     Multiplier 2.14
     Use previous bar value False

You see, the result is not good.
The difference is now we close the position on both BB and this cuts some winning deals too early.

In addition I sow another problem. This logic allows a position to be opened at price outside the BB.
There is no filter to restrict this.

See here:

This is wrong. We open a short position that has to be restricted in both sides from the upper and lower BB, bat what to do when we open outside of the BBs ???????

A decision is to set two more open filters:
BB - Price Open is lower than the upper band and
BB - Price Open is greater than the lower band

Balance: 7 pips
Min account: -198 pips
Max drawdown: 1046 pips
Time in position: 35 %

The same direction signal  - does Nothing
The opposite direction signal - does Nothing

[Open] Price Open

[Filter] MACD
     Logic The MACD Line crosses the zero line from below.
     Smoothing Method Exponential
     Base Price Close
     Period Slow Line 27
     Period Fast Line 11
     Period Signal Line 9
     Use previous bar value True

[Filter] Bollinger Bands
     Logic The Price Open is lower than the Up Band.
     Smoothing Method Simple
     Base Price Close
     Period 48
     Multiplier 2.14
     Use previous bar value True

[Filter] Bollinger Bands
     Logic The Price Open is greater than the Down Band.
     Smoothing Method Simple
     Base Price Close
     Period 48
     Multiplier 2.14
     Use previous bar value True

[Close] Price Close

[Filter] Bollinger Bands
     Logic The Price Close is greater than the Up Band.
     Smoothing Method Simple
     Base Price Close
     Period 48
     Multiplier 2.14
     Use previous bar value False

[Filter] Bollinger Bands
     Logic The Price Close is lower than the Down Band.
     Smoothing Method Simple
     Base Price Close
     Period 48
     Multiplier 2.14
     Use previous bar value False

Good logic, but bad result!!

I love this program, I check my logics in a minute.

I have a suggestion:

Can we edit the strategy to have an stop loss to minimize the losses and also with the exit profit point of 50 pips????

I am new in forex trading so I need help.

rgds,

MACD 27, 11, 9 Price close Exponential
BB 2.14 , MA(48, Median price (PH + PL)/2, Smoothed)

At 12:00 PM:
   - if square:
           if MACD has crossed the zero line from below - Open Long
           if MACD has crossed the zero line from above - Open Short

   - if Long
           send Sell order on the today's BB upper line

   - if Short
           send Buy order on the today's BB bottom line

And that is all.

The good part - we have all info at the beginning of the bar.
The bad part - is a little bid risky. We close the Long/Short only on the upper/bottom line. The loss is not limited.

Be careful. Make this at your own risk!
When you take the profit send me an apple!

---------------------
PS
Thanks for this post -Updating the Quotes. It works good.

Forex Strategy Builder V 2.2.1.1 Beta
Strategy name: EURUSD_1H_Winning_Strategy
Exported on: 08.12.2006 ?. 17:06:44

Market: EURUSD 1 Hour

Balance: 2553 pips

Strategy Logic
The same direction signal - does Nothing
The opposite direction signal - does Nothing

[Open] Price Open

[Filter] MACD
     Logic The MACD Line crosses the zero line from below.
     Smoothing Method Exponential
     Base Price Close
     Period Slow Line 27
     Period Fast Line 11
     Period Signal Line 9
     Use previous bar value True

[Close] Bollinger Bands
     Logic It doesn't act as a Filter.
     Smoothing Method Smoothed
     Base Price Median
     Period 48
     Multiplier 2.14
     Use previous bar value True

Account balance    6609 pips
Min account    0 pips
Max account    6710 pips (no adding, 22785 with adding !!)
Max account drop    329 pips
Gross profit    16245 pips
Gross loss        9636 pips
Sent orders    1008
Executed orders    1008
Dealled lots    1008
Bars number    16751
Time in position    31 %

Instrument        GBPUSD
Period        1 Hour
Count of bars    16761
Date of beginning    09/04/04 10:00
Date of updating    27/12/06 01:00
Minimal price    1.7048
Maximal price    1.9846
Average Gap    0 pips
Maximal Gap    87 pips
Average High-Low    24 pips
Maximal High-Low    47 pips
Average Close-Open    12 pips
Maximal Close-Open    223 pips
Max days off    4

OPEN
Fibonacci
Logic. Continue
Sensitivity. 10

FILTER
Money Flow
Logic. MF is falling, use prev bar

CLOSE
Stop limit
Stop -28
Limit 83

This setup is the best I can arrange on this software.

fairwind

Forex Strategy Builder V 2.2.1.1 Beta
Strategy name: EURUSD_1H_Winning_Strategy
Exported on: 08.12.2006 ?. 17:06:44

Market: EURUSD 1 Hour

Balance: 2048 pips
Min account: 0 pips
Max drawdown: 452 pips
Time in position: 38 %

Don't add to an open position

[Open] Price Open

[Filter] MACD
     Logic The MACD Line crosses the zero line from below.
     Smoothing Method Exponential
     Base Price Close
     Period Slow Line 27
     Period Fast Line 12
     Period Signal Line 8
     Use previous bar value. True

[Close] Bollinger Bands
     Logic The Price Open is lower than the Up Band.
     Smoothing Method Simple
     Base Price Close
     Period 48
     Multiplier 2,14
     Use previous bar value True

I'm a profecional trader from 10 years

Account balance        5387 pips!!!!!!!!!
Min account        -4747 pips
Max account        9307 pips
Max account drop        7165 pips
Gross profit        99029 pips
Gross loss        93642 pips
Sent orders        32357
Executed orders        10705
Dealled lots        17761
Bars number        16488
Time in position        97 %

Instrument        EURUSD
Period            1 Hour
Count of bars        16502
Date of beginning        02/04/04 13:00
Date of updating        01/12/06 22:00
Minimal price        1.164
Maximal price        1.3663
Average Gap        0 pips
Maximal Gap        81 pips
Average High-Low        17 pips
Maximal High-Low        207 pips
Average Close-Open    8 pips
Maximal Close-Open    195 pips
Max days off        3

Use: Price open, Money Flow and Parabolic SAR on EUR/USD 1 hour