Topic: Forex Strategy Builder vs MetaTrader
Could you please advice what is the different of your forex strategy builder with MT4 EA?
What is the benefit to use your software?
Your reply will much appreciate.
* FSB is a Forex strategy back tester.
* MT is a trading platform + back tester.
* FSB uses visual interface. All indicators, rules and parameters are arranged in menus.
* MT has a programmatic interface. You write your strategy in MQL4
* In FSB you can use the provided indicators only. (More than 80 at the moment.)
* In MT you can load or design custom indicators. (Virtually unlimited number.)
* FSB is supported and developed by me and a small group of consultants.
* MT is owned by a powerful company.
* FSB protects the users. You cannot set a ?faulty? strategy.
* MT leaves everything on your hands. You can easily write the following strategy: Enter long at the Open price when the current bar rises. Close at the Close price.
* FSB has more indicator parameters. For Accelerator Oscillator you can set: smoothing method, base price, slow MA period, fast MA period, forming MA period, critical level, and logic of application.
* MT has no options in its standard AE.
* FSB recognizes the ambiguous bars. These are the bars with more than one active order within the bar range. They are vital for a reliable back test.
* MT does not know anything about such bars. (Or it hides them from the user.)
* FSB tells you all about the back test:
- all orders: sent, canceled and executed;
- it shows you the price route within a bar;
- it counts the ambiguous bars
* MT has only trading statistics and a simple journal
* FSB is extremely fast. It makes a back test with all available intrabar data for less than a second.
* MT is extremely slow. I really don't know what they are doing so long.
* FSB manages the ambiguous bars using different interpolation methods; pessimistic, optimistic, nearest order first, shortest price route, and random execution.
* MT uses unknown interpolation method.
That is my opinion about both products but it might be subjective.
You are welcome to add or correct me