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		<title><![CDATA[Forex Software — Indicators / Strategy Building Using FSBPro / Documentation]]></title>
		<link>https://forexsb.com/forum/topic/5407/indicators-strategy-building-using-fsbpro-documentation/</link>
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		<description><![CDATA[The most recent posts in Indicators / Strategy Building Using FSBPro / Documentation.]]></description>
		<lastBuildDate>Thu, 18 Jun 2015 13:18:16 +0000</lastBuildDate>
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			<title><![CDATA[Indicators / Strategy Building Using FSBPro / Documentation]]></title>
			<link>https://forexsb.com/forum/post/30020/#p30020</link>
			<description><![CDATA[<p>In the past few days, Footon created a certain indicator by request for one of our users. Here is what I observed..... Footon wanted to know precisely what was needed,, his client presented great detail, they quickly went back and forth and apparently the client seems quite satisfied.</p> <br /><br /><p>The client was specific as to his needs, he understood the result he wanted and conveyed that clearly.</p> <br /><br /><p>It took Footon little time to create what was requested..</p> <br /><br /><p>The point I am making is that the client had <strong>studied his requirements</strong> and was able to communicate those. He is not wasting his time or Footon&#039;s time with some vague proposal and the job was completed almost immediately once the information was exchanged.</p> <br /><br /><p>The client will not be loading 30 indicators into FSBPro and hoping that he gets a solution from the generator. He is obviously prepared, has studied his charts and <strong>knows exactly what he wants</strong> as a trade. </p><p>And that is why he could get Footon to create exactly what he needed.</p> <br /><br /><p>So much for that.</p> <br /><br /><p>Lets have a look at FSBpro, we have slots for</p><p>Opening Point of the Position</p><p>Opening Logic</p><p>Closing Point of the Position</p><p>Closing Logic</p> <br /><br /><p>In addition we have Strategy Properties which includes</p><p>Stop Loss</p><p>Take Profit</p><p>Break even</p> <br /><br /> <br /><br /><p>Today, we can conceivably load 16 slots with indicators plus 2 for opening and closing point.</p> <br /><br /><p>That is 18 slots and in addition we have the protection slots. for a total of 21.</p> <br /><br /><p>Lets assume that each of those has 5 variables.</p> <br /><br /><p>As you can see, this can demand a lot of processing, computers can run for hours to generate a useable result.</p> <br /><br /><p>And if we do not have the slots chained or locked, the generator will be substituting all nature of indicators and increasing the processing time.</p> <br /><br /><p>Ultimately, in my experience, the result will be a mess that will not work for more than a day or two. a waste of time!</p> <br /><br /><p>There is a saying in the computer industry &#039;Garbage in = Garbage out&#039;.</p> <br /><br /><p>Use your computer time judiciously, plan the work load carefully, you will get far better results.</p> <br /><br /><p>Lay out a chart with whatever indicators you feel appropriate and load those, forget about the &#039;Throw crap against the wall and hope something sticks&#039; approach..</p> <br /><br /><p>People will be tempted when a new version of the program is issued to load 10 or 15 or 20 slots and hope to get something worthwhile - NO WAY.</p> <br /><br /><p>You will be wasting your time and then asking for help to resolve your mess.</p><p>Best approach is to lay out a chart to get the results you require and then use the generator to refine it.</p>]]></description>
			<author><![CDATA[null@example.com (Blaiserboy)]]></author>
			<pubDate>Thu, 18 Jun 2015 13:18:16 +0000</pubDate>
			<guid>https://forexsb.com/forum/post/30020/#p30020</guid>
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