Donchian Channel

The indicator seems to look pretty good as it is... I wonder if anyone has ideas for refinement to make it a bit more effective.

Parameters on indicators.

It may be preferable to have a preset range which could be set so that when someone is using the generator he may be able to set a range for ma length such s between 14 and 25 instead of the generator being able to select something like 189 as the length.

This might allow a user to save considerable time when using the generator.

I think there is something your application definitely needs...its very good having permanent tp and sl but i think we need a function to lock in profits...how about this.

Move stop loss at "+50pip" from breakeven
Move stop loss to "+10pip" from breakeven

can you incorporate this please?

Making  trading size in strategy properties  in ranges , for example entry lots of new position from 1% to 3%   

with this new modification we can find more and more profitable strategies with minimum changes in  strategy properties

I'll add custom limitations in FSB Pro. All stats params and backtest variables will be exposed for combinations.
If some conditions become well accepted. I'll code them in current FSB Generator.

if this option couldn't be applied to generator ! is it doable with the optimizer ?

in my opinion it will add alot  let me give an example : if we use 1% of account  and generator starts to add winning strategies to the top 10 so when we add a new winning strategy it has to pass the conditions and limitations previously selected and then exceeding the previous higher strategy in profits  , But if we simulate the same conditions and limitations using 2% of account it may or will   show different combinations and strategies with different results  '' simply its like run generator one time using 1% then run generator again using 2% ..... etc  but with that feature we do all scans in one process

And this is a reason to make it in range because may be the selected trade size as a fixed % not the proper one .

also i donot think there is a proper trading lot size its a matter of risk appetite some people are risk takers others not and taking risk or not coming in ranges not a fixed %  lets say iam not a risk taker but iam comfortable to trade some where between 3% and 5% per trade  so i have to make three scans one using 3 then 4 then 5 %

This is probably better requested as a feature in FSB Pro.

The workload involved in searching for strategies and variable position sizing is not really practical in the current single-threaded generator, although I've added a comment to the board (http://forexsb.com/forum/post/18447) about having the generator and optimizer processes in FSB Pro support multiple processor cores, and it may be possible (it is definitely more feasible) to perform this type of analysis when we have access to multiple cores.

I really do need this. I use this for all my strategies. Can we release another version for the Standard FSB with this in please. I really do think this will help alot of people.

breakeven = 0, not the "breakeven" FSB uses.

What indicators in particular? Can you post examples?

I know MACD calculation is different.

My understanding of MT 4 is that it is the actual trading platform, and the FST plugs into MT4 to perform the trades based on strategies built in FSB.  I have an MT4 indicator called bungee plus which I am sure others have come across, which I would like to create a strategy on.  It has a combination of a number of indicators such as RSI, Williams and Stochastic.  I have noticed it is hard to get the FSB stochastic indicators returning the same lines as the bungee plus (especially the slow %D).  Given this is all statistical data based on historical data, I am not quite sure how optimism and pessimism plays into it.  I would have expected the FST to work on MT4 data as that is the actual live trade information that is going on, whereas I can understand FSB being slightly different with historic info as it doesn't have the brokers in the middle of it and their historical data.

What would be really handy is to be able to create strategies based around custom MT4 indicators such as the bungee plus, which may be coded slightly differently to produce a variant of the original indicator.  A couple of other "Wish List" items I have are:
- Being able to create a strategy that incorporates 2 different indicators in the one variable (eg. When the %k of the Stochastic line crosses the RSI in an upward direction AND %K is less than or greater than a certain value)
- Being able to set custom formulas for pivot points and then be able to use these figures to determine SL and TP points for actual trades