Re: FSB Wish List - Requested features
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
1. Regarding the "optimism and pessimism" - you are correct in that sense that it is all based on data, but you forget the interpolation of that data. In some instances it is not possible to commit perfectly correct backtest, this means ambiguouty, in other words result can be a win but it can be a loss as well. So you need to have a backtesting method which results can be reproducable (the foundation of science!). In FSB you have a selection of interpolation methods which include pessimistic and optimistic among a few others.
2. Your favourite indi must be ported to C#, then you can test the living day light out of it. The same applies to all other cutom indis in mq4 and formulas.
3. Combining different logics into one indi is a good idea, and you are not the first one to come up with it. I suggest you post this idea to FSB Pro wish list section, maybe the developer has a good idea to make it happen.