It is so much faster to use FSBPro and that far outweighs any inconvenience from the extra logic steps when using the generator.

I agree with you.  I too use a set of rules (as templates) and then use the Optimiser to refine them further.  And the outcome can be surprising good, indeed far efficient than simply rely on Generator.  That's what I was trying to share, input some trading rules and then generate or optmise, it's far better results.

I have made a scan so that when 5 or 6 conditions are met, then I know that it is ok to buy.

So far I am charting just under 100 of them and analyzing a few indicators for the conditions. Once I have this refined a bit more I will be able to use this for indexes and metals and energy.

When I get it right, it will be easy enough to transfer the values to FSBPro.

I did that for the Forex pairs a long time ago.

There is a better way than depending on the generator to find a system, we can preset the criteria and then look for the appropriate stop loss and take profit which takes only a few minutes.

Doing this saves an awful lot of generator and optimizer time.

I did get the 3000 pips a couple months ago.

Probably you should study a little bit about how to construct a computer program, how 'if' statements are combined so that you can grasp the programs prepared by FSBPro so that you can recognize the value of the variety of statements in each indicator.

Good to hear that you reached your goal.

Yes, probably and most likely one day I will pick up computer programming. 

I've no doubt of Geek's extensive experience and expertise as I regard him as a trading expert, far more experienced than I.

hannahis wrote:

Geektrader,

So are you saying that you enter a buy/long positions with input such as falling, change direction downwards and lower than or you sell/short with using inputs such as rising, change direction upwards and higher than?

Yes, exactly that, that is for AUDCAD (and other mainly ranging pairs like NOKSEK) though only. It´s mean reversion style. For trending ones like EURUSD, GBPUSD, it´s the opposite (what you said). However, if the Generator would not create such combinations, it would not find any more strategies for AUDCAD (e.g. which are not trending most of the time). As I said, I have well performing systems on AUDCAD that use exactly the rules you´ve mentioned and which you think are "wrong". It would be not that great if Popov would remove that! There are not only trending pairs out there ;-)

Hi Geektrader,

Thanks for sharing the alternative view.

That way you can save a bundle of time and get good results.

Probably you should study a little bit about how to construct a computer program, how 'if' statements are combined so that you can grasp the programs prepared by FSBPro so that you can recognize the value of the variety of statements in each indicator.

These statements actually enhance the quality of the strategies.

You can believe Geek....... he has been travelling this road for a long time, one of the reasons he is using FSBPro is those very statements that you dislike. He has competitor software and he sees the advantage of FSBPro to get better quality strategies.

Geek spends a lot of money each month on VPS for processing, in other words he has a pretty good idea as to what is needed to make the good things happen. One day he may be good enough to describe his development approach and system, I am sure it is  pretty sophisticated.

Those statements are not causing us grief, they are helping us to succeed.

As an aside, when I get a strategy that I really like, I use another bunch of currencies to create EA's so as to have a variety without the lengthy processing.

We really need only 6 or 10 strategies and use them on several currencies each.

Look into how a computer program uses logic to develop its executions and you will have a better idea as to how valuable these things are.

Geektrader,

So are you saying that you enter a buy/long positions with input such as falling, change direction downwards and lower than or you sell/short with using inputs such as rising, change direction upwards and higher than?

Yes, exactly that, that is for AUDCAD (and other mainly ranging pairs like NOKSEK) though only. It´s mean reversion style. For trending ones like EURUSD, GBPUSD, it´s the opposite (what you said). However, if the Generator would not create such combinations, it would not find any more strategies for AUDCAD (e.g. which are not trending most of the time). As I said, I have well performing systems on AUDCAD that use exactly the rules you´ve mentioned and which you think are "wrong". It would be not that great if Popov would remove that! There are not only trending pairs out there ;-)

H

Try to assume that the different variables are part of a larger formula, all the variables combined give the result.

These are arithmetic, not chart drawings...., they are calculations that go together.

My explanation is probably less than good.... hahaha  perhaps someone else can paint the picture more clearly

Hi Dave, yes I understand, what's want data mining is all about.

However, I think if I'm a user, what really matters to me most?

A product that can churn out millions and zillions possibilities? or A product that can churn out highly probable and high quality EA?

Between having more millions of various EA formulas or having a much better and successful search system, I rather give up the millions of "nonsensical and random" combinations of formulas that do not give me high probable and quality EA and settle for a limited but highly successful search system that yield better and higher profitable EA.

Cos at the end of the day, I'm not comparing and buying which software that can churn out more zillions or millions of combinations/formula.  At the end of the day, I'm looking for a software that can churn out highly probable and profitable EA. 

So by cutting down the number of search possibility for a better and limited search system that can yield higher profitable EA based on sound trading theory, I would gladly give up those zillions possibilities (cos they are more a distractions and diversion, a waste of my time and energy, testing them in demo accounts or do all those walk forwards and backwards, only to realised there is no predictable patterns for it to remain profitable in any market conditions) and throw out those zillions of "useless combinations" that are a matter of some mathematical curve fitted solutions.

If I have the mind of Popov, I would be putting my algorithm into my software so that all (if not most) of my users would definitely have a profitable EA.  Cos right now, if I were to put my set of rules (liken a template) into FSB and let FSB churn out more EA (by optimising or generating more rules), most of these EA would be profitable.  Hence, if I were to sell my own software, I would have put these "templates" into my software to ensure most of my customer would have encounter higher success in searching for profitable EA.  And most will be very happy customers.  Would they then care so much as to whether my system can't churn out more zillions of EA like other products/software.  No, they won't care.  Cos at the end of the day, all they want is to churn out profitable EA, mindlessly.

Ok, these are just my thoughts...of cos there are many others who will think otherwise, the very thoughts that they can have zillions of combination make them very happy. 

Which would I prefer? The opportunity to search the entire ocean for treasures, or be given a map, marked with an X on it, indicating where I can find sunken treasures to narrow the search down for me?  If giving one, the opportunity to search the whole ocean is liken, a software that can generate a zillions of combinations and you have to "scanned" through these zillions of EA to find the "hidden" treasures.  But honestly, I rather someone give me a map with as limited search area as possible whereby this area is "dense" with highly precious treasures.

I hope you are doing fine and hitting your 3000 pips goal soon

Try to assume that the different variables are part of a larger formula, all the variables combined give the result.

These are arithmetic, not chart drawings...., they are calculations that go together.

My explanation is probably less than good.... hahaha  perhaps someone else can paint the picture more clearly

So are you saying that you enter a buy/long positions with input such as falling, change direction downwards and lower than or you sell/short with using inputs such as rising, change direction upwards and higher than?

I can´t agree less, because pairs like for example AUDCAD (the perfect example actually) work ONLY with such mean reversion strategies and I have quite a few profitable systems (on 32 years of data on H1) that use exactly these rules that you think are wrong. So please Mr. Popov, do not exclude these kind of generated strategies.

Thanks a lot :-)

My solution so far has been to not use certain indicators at all. That is based on my lack of understanding as to what the problems can be LOL

There are so many indicators of similar abilities that I pick and choose what seems to work.

Demarker and Trix Oscillator are standard indicators coming with software and should be fine.
I checked them. They look fine. Angle of Averages look to me also fine

I cannot find reason in code myself in MQ4.