Hi Don,

(2) LTF embedded in the strategy...

When you use LTF in your strategy, do bear in mind that the EA will not be executed authentically accordingly to your trading theory because of the multiple use of different price values taken from multiple time stamps (each time frame you use in the LTF has different previous bar values), to read more about the implication of PBV go to this llink, http://forexsb.com/forum/post/35503/#p35503

(3) No, I (developed thousands of EA) test multiple EA in 1 account to find out which EA has better profit factor, win/loss ratio etc.  So that I select the best EA for my live account.  You don't need multiple EA to trade effectively, in fact if you have just one EA that can give you consistent high performance, that's already good enough to retire comfortably.  Cos no matter how many EA you have, it's still tied to your money management and the % of DD you can trade safely without blowing your account.

You can't develop an EA that can perform consistently over the years.  I'm not surprise, cos the "fault" may not lie in your trading theory but in FSB's PBV functionality.

How do you expect to produce consistent EA via FSB PBV version, when your EA is restricted to Bar open, close and the use of previous bar in your EA calculation.  Such method of of using multiple price value (in LTF EA) or previous bar value to calculate current price behaviour will never produce consistent results in live/demo trading nor provide any consistent result in back testing.  Your indicator's formula, designed by the creator is only intended to be used correctly when it uses only 1 price value per calculation (for all time frames) and not multiple price values (at 1 current time/price).  So technically, using multiple previous bar value (in LTF) to calculate the current price value of your Forex currency and then make a "correct" decision whether a cross over has truly taken place, at this current price value is something PBV can never produce an accurate answer.  And since using FSB PBV can never produce any accurate answer pertaining to the current price value of the market situation or in backtesting, the EA you created via Generator or optimiser or test out in live/demo is never going to be consistent because the method of calculation can never produce any consistent behaviours.

I've tested out trading theory with UPBV and with PBV version, trading concepts using PBV version failed miserably, especially those with higher time frame, eg H4 EA.  But when I tested out the trading theory with UPBV in H4 time frame, it worked beautifully as what the trading concept originally meant to be.  So the fault lies not in the trader's trading concept but that PBV failed to carry out users' trading concept as authentically as it meant to be.

What's the Difference between PBV and UPBV?

PBV EA uses previous bar values to do it's calculation to make the decision whether a cross over has happened in the previous bar, not current bar (hence, your EA won't be accurate to pinpoint a true cross over and therefore not able to achieve high entry/exit accuracy.  As a result, no consistent EA behaviours can be produced via PBV method).

UPBV EA uses current price value to calculate whether a cross over really happened at this current price, hence your EA is able to execute exactly at the current price when a cross over really happened at the NOW not in the past (as in the case of Previous Bar value).

Try the UPBV version, you may be surprised that your trading concepts may finally work at last (and begin to be profitable) accordingly to what you have always wanted it to be.  Now I'm more certain of getting consistent EA performance via UPBV, why? not difficult to guess.  Consistent use of the indicator's formula with only 1 current price value of cos will produce consistent results throughout all the time/years as compared to the use of multiple varied price used in PBV version.  One doesn't need to be a mathematical genius to understand this simple concept of consistency being applied to the indicator's formula.  (It is such an irony, Popov has a tremendous powerful software FSB UPBV version, but he doesn't know it nor appreciate it.  He failed to see the great potential behind it to reap it's benefits or push it to greater heights....a real pity indeed).

PBV works fine with you if you are using position trading style whereby your profit generated isn't going to rely on accuracy of entry/exit.  Whereby you open a position for days and months, treat it as an "investment" as Popov said and then only check your trading position once a day trading style, then the use of PBV is of not concern or issue to you at all.  Beware, you need to stomach a huge DD to tolerate this trading style (since accuracy isn't it's forte).  If you think this style suits you, then probably try generating EA using D1 time chart, you probably will find some profitable EA that works in the long run (don't use trailing stop limit cos your EA isn't sensitive to enter correctly, hence needed huge DD to tolerate the "mistake" and thus the use of trailing may kill your account).  In fact such trading style, you don't need a EA at all.  Just check your daily chart indicator to see whether there is a change in trend.  (if this is also Popov's trading style, no wonder he has no issue at all with PBV.  Unfortunately, PBV isn't suited for a lot other trading style such as scalper or intraday trading and hence not a versatile software to cater to different traders' needs).

Is PBV version versatile to suits different trading style?

Can PBV EA execute any time when market conditions are met?

Ans: No, only at Bar close (unless you don't input your own trading theory but use the pre set menu in group A with only 1 closing condition).

Can PBV EA do an accurate calculation across all time frames (using LTF), using only the current price value? 

Ans: No, it cannot use current price value, only previous bar value and not just 1 price value at a certain time but multiple price values taken at various time to determine whether to entry at this current bar close?  Do you think such method of deriving an answer produce accurate results/entry/exit strategy/backtesting?

Even if you aren't using LTF features, PBV EA still can't produce accurate calculation so long as it's not using the current price value (which is valid at this current market conditions), it uses the previous bar value to make your current decision.  Do you take your last year blood pressure to make your current decision about your health condition?  Does it make sense?  Do you take your temperature yesterday to determine whether you have fever today?  Do you use yesterday's flight arrival/departure to determine when you go to airport to catch your flight?  Do you use yesterday's weather forecast to plan or predict today's weather.  It sounds ridiculous but it's true, we won't tolerate such outdated method of prediction but yet we tolerate the use of Previous bar value to make our trading predictions/execution in FSB's PBV version.  I begin to wonder how many real traders are there in FSB and no wonder, despite it's cheap pricing, not many people/traders will accept such trading rules/restrictions and purchase such software.

If you are trying to develop intraday or scalper EA, tough luck if you are using PBV version cos accuracy is never it's forte (how to be accurate with bar value calculation and the use of multiple PBV in LTF EA?) and hence, EA that needs fast and accurate execution will faced  a tough challenge via PBV version.  UPBV overcomes this barrier and delivery better results.

If you truly understand the implication of using Previous bar value in your EA's calculation and you didn't fail your math subject, you would definitely know that such calculation can never produce any accurate results (both in execution and backtesting) and hence that would answer your question why despite all these years of trying the FSB generator/optimiser, you never ever found a consistent EA which you can truly rely on for your retirement.
I sincerely hope you get to find and developed a profitable EA so that you can experience financial freedom to do what you valued most, spending more time with your love ones, pursuing other worthy dreams.  Me too, I working for that day to happen and now I already found my "winning formula", it is to find the right software to execute it the way I wanted so that I can finally live the life I'm dreaming for.

Let's take a vote, how many of you want your EA to perform accurate calculation via the use of the current price value (UPBV version) and would not tolerate the use of outdated data (previous bar value) to make your trading predictions?  Write in and voice your trading preference.

And to those who are considering whether to make your purchase, please study the implications of the use of Previous bar value on your trading theory to see whether you can tolerate this kind of calculation and execute in your EA and whether there is a fitness in your trading theory with the way FSB's PBV function. 

Ps: here is the link to do UPBV experimentation to see for yourself, which version suits your trading concepts. http://forexsb.com/forum/post/35503/#p35503

Personally, UPBV is far better and if Popov were to use UPBV and tick data, I'm very sure, more users will find greater success.  Already my EA are having better performance via UPBV.  If Popov goes in the UPBV direction and ultilize of tick data for backtesting... I believe strongly that with UPBV and tick data, finding profitable EA via FSB isn't going to be that difficult.  And if it is (still difficult, which I don't think it will be)..I will personally guide those who write in to me to find a profitable one (but I'm more certain that when that time/day do happen, most will be relying on FSB's generater and optimiser to guide them and don't need any other's help anymore...when that day come...FSB will be selling like hot cakes...and we never need any trading guru anymore, FSB is our trading guru).

Best Regards
Hannah