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	<title type="html"><![CDATA[Forex Software — Help creating a strategy for a newbie]]></title>
	<link rel="self" href="https://forexsb.com/forum/feed/atom/topic/5228/" />
	<updated>2015-03-11T14:04:21Z</updated>
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	<id>https://forexsb.com/forum/topic/5228/help-creating-a-strategy-for-a-newbie/</id>
		<entry>
			<title type="html"><![CDATA[Re: Help creating a strategy for a newbie]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/28298/#p28298" />
			<content type="html"><![CDATA[<p>Hi,</p><p>Popov, footon, thanks for your answers and for your time what you spent to help me.<br />Unfortunately for me still difficult to build this system. But that&#039;s ok, maybe it easier to code it in mq4.<br />I will find other ideas to try it on FSB.(or check out again if footon made a 4-band Keltner channel indi)</p><p>Thanks again,<br />Regards,<br />Csaba</p>]]></content>
			<author>
				<name><![CDATA[csabee.molnar]]></name>
				<uri>https://forexsb.com/forum/user/7604/</uri>
			</author>
			<updated>2015-03-11T14:04:21Z</updated>
			<id>https://forexsb.com/forum/post/28298/#p28298</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Re: Help creating a strategy for a newbie]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/28283/#p28283" />
			<content type="html"><![CDATA[<div class="quotebox"><cite>Popov wrote:</cite><blockquote><p>Csaba, Footon,<br />this is perfectly doable. </p><p>FSB Pro actually uses limit orders internally, however it cancels them if they are not executed till the end of the bar.</p><p>In that case we need a very simple modification of Keltner Channel. We need two bands Upper and Lower for every new bar calculated by using the previous bar&#039;s High and Low.</p><p>The entries will be on the bands.</p></blockquote></div><p>Sure it&#039;s doable, but limit orders won&#039;t get set up in the trading terminal, positions will still be opened by market orders. I&#039;ll return to 4-band Keltner later, my brain is fried for today.</p>]]></content>
			<author>
				<name><![CDATA[footon]]></name>
				<uri>https://forexsb.com/forum/user/1242/</uri>
			</author>
			<updated>2015-03-10T22:38:55Z</updated>
			<id>https://forexsb.com/forum/post/28283/#p28283</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Re: Help creating a strategy for a newbie]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/28278/#p28278" />
			<content type="html"><![CDATA[<p>Csaba, Footon,<br />this is perfectly doable. </p><p>FSB Pro actually uses limit orders internally, however it cancels them if they are not executed till the end of the bar.</p><p>In that case we need a very simple modification of Keltner Channel. We need two bands Upper and Lower for every new bar calculated by using the previous bar&#039;s High and Low.</p><p>The entries will be on the bands.</p>]]></content>
			<author>
				<name><![CDATA[Popov]]></name>
				<uri>https://forexsb.com/forum/user/2/</uri>
			</author>
			<updated>2015-03-10T13:26:40Z</updated>
			<id>https://forexsb.com/forum/post/28278/#p28278</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Re: Help creating a strategy for a newbie]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/28276/#p28276" />
			<content type="html"><![CDATA[<p>Limit orders are not supported in FSB.</p>]]></content>
			<author>
				<name><![CDATA[footon]]></name>
				<uri>https://forexsb.com/forum/user/1242/</uri>
			</author>
			<updated>2015-03-10T13:11:42Z</updated>
			<id>https://forexsb.com/forum/post/28276/#p28276</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Help creating a strategy for a newbie]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/28274/#p28274" />
			<content type="html"><![CDATA[<p>Hello for everybody here in the forum.</p><p>I am really deciding to purchase FSB in the following days, with demo version now I check the capabilities of the program. I ask for advice the more experienced traders here how to create my strategy. <br />I would like to set a logic for entry the following way: <br />I would use limit orders. I use only daily timeframe. Take the recent value of the 20 period of ATR. Multiply this value with an another multiplier(set by myself). The result I want to add to the last bar high or deduct from last bar low, depends on what order I want to place, buy limit or sell limit order. This value I use to place my entry order.<br />In example:<br />EURUSD: Daily bar, ATR value for yesterday bar is: 0.01028<br />The optimized multiplier wich I would use example: 0.15.<br />0.01028 X 0.15= 0.001542<br />Low of the yesterday daily bar is 1.08211<br />Deduct my calculated value from the low I get my entry buy limit level<br />1.08211 - 0.001542=1,07183<br />My entry price is 1,07183.<br />When the today&#039;s (recent) bar open, after midnight the expert advisor place a buy limit order at calculated price level.<br />Is it possible to construct this system in FSB?<br />I tried to do it myself but I found difficult to make it.</p><p>Thanks for your help in advance!<br />Regards,<br />Csaba</p>]]></content>
			<author>
				<name><![CDATA[csabee.molnar]]></name>
				<uri>https://forexsb.com/forum/user/7604/</uri>
			</author>
			<updated>2015-03-10T12:58:19Z</updated>
			<id>https://forexsb.com/forum/post/28274/#p28274</id>
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