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Forex Forum → Help and Support → Can I run this type of trade in pro version

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Posts: 5

Topic: Can I run this type of trade in pro version

Can I run a strategy through this program that involves:

1. take the closing price of the first 15 minute bar after midnight GMT

2. place a buy order 50 pips above the close and sell order 50 pips below the close

3. both orders should be placed with a 20 pip stop loss and a 20 pip limit order to take profits.

4. Once 1 trade is triggered, cancel the other.

I tried to run this on the free program and it didn't end up working. I'm thinking it can work, but you would have to pay for it. Please let me know if I can run this on the program.

Re: Can I run this type of trade in pro version

You can do it in FSB, but the entry orders will be valid only from 00:15 to 00:30. You have to use M15 chart.

The entry point is at "Steady Bands" indicator with Period=1. It is a Moving Average +- predefined number of points. 500 in your case.
Limit the entry time from 00:15 to 00:30. You have to adjust the time if your data are not with GMT time zone.


[Opening Point of the Position]
     Steady Bands
     Enter long at Upper Band
     Smoothing method  -  Simple
     Base price  -  Close
     MA period  -  1
     Margin in points  -  500
     Use previous bar value  -  Yes

[Opening Logic Condition]
     Entry Time
     Enter the market between the specified hours
     From hour (incl.)  -  0
     From min (incl.)  -  15
     Until hour (excl.)  -  0
     Until min (excl.)  -  30

[Closing Point of the Position]
     Stop Limit
     Exit at Stop Loss or at Take Profit
     Stop Loss  -  200
     Take Profit  -  200

Re: Can I run this type of trade in pro version

Is there any way to make it longer than 15 minutes? I just want the position to hit whenever it goes up or down 50 pips, so it will definitely take longer than 15 minutes to move 50 pips in either direction.

Thank you for the detailed explanation. I will get it a try.

4 (edited by johnsousae 2015-07-08 00:25:26)

Re: Can I run this type of trade in pro version

Do I need to purchase this program to run my strategy fully? Also I tried using the parameters you told me and when i press start it will change the strategies that I put in place and adds its own parameters and logic. Do you know how I can fix this?

Re: Can I run this type of trade in pro version

You can use the program as long you want. You pay only for the special tools (Generator, Optimizer...) after the trial period has expired.

The program calculates the backtest in real time in the Editor page. The Start button is for automatic generation of a strategy.

Is there any way to make it longer than 15 minutes?

The Steady Bands indicator gives new values at every bar and changes the input levels. You need to make a custom indicator in order to make constant entry levels for several bars.

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