Forex Strategy Builder V 2.2.1.3 Beta
Strategy name: momentumcloseandreverse
Exported on: 12/30/2006 10:10:12 AM

Market: EURUSD 1 Day

Balance: -10433 pips
Min account: -10433 pips
Max account drop: 11246 pips
Time in position: 100 %

Add to an open position
The opposite signal reverses the position

[Open] Price Open

[Filter] Momentum
     Logic The Momentum value is crossing the Level line from below.
     Smoothing Method Simple
     Base Price Close
     Period 10
     Smoothing Period 0
     Level 0
     Use previous bar value. True

[Close] Close and Reverse

The same logic we can express using a Close Filter

Forex Strategy Builder V 2.2.1.3 Beta
Strategy name: momentumclosefilter
Exported on: 12/30/2006 10:18:57 AM

Market: EURUSD 1 Day

Balance: -9390 pips
Min account: -9390 pips
Max account drop: 10829 pips
Time in position: 100 %

Add to an open position
The opposite signal reduces the position

[Open] Price Open

[Filter] Momentum
     Logic The Momentum value is crossing the Level line from below.
     Smoothing Method Simple
     Base Price Close
     Period 10
     Smoothing Period 0
     Level 0
     Use previous bar value. True

[Close] Price Close

[Filter] Momentum
     Logic The Momentum value is crossing the Level line from above.
     Smoothing Method Simple
     Base Price Close
     Period 10
     Smoothing Period 0
     Level 0
     Use previous bar value. False

Using Close and reverse we are 100% of the time in the market. The position is reversed at the time of bar 's opening.

Using Close Filter we close the position at the time of bar's closing and open a new one at the beginning of the next bar. This leads to saving the rollover fee (for the example 1043pips).