Hi All,

I too am new to FSB. Is there a beginners section where some example strategies are shown and explanations given how to construct a strategy? If I have some examples that show how it is all built up I can hopefully work it out from there.

The strategy I want to build and test is as follows:-

1) Detect Friday market close price.
2) Detect Monday market open price.
3) Decide whether price difference is up or down
4) Have variable choice to trade either in same direction as gap or in opposite direction.
5) Have variable SL, TP, TS all expressed in pip values.

If someone could please give me some clues how to start, I'd be grateful.

Many thanks,

Mike

Hi Miroslav,

Many thanks for taking the time to explain that to me. Most of it makes sense, however, I have a few questions:-

1) You say "...the gap is between Monday Open and Friday Close". The gap is between Friday close and Monday open i.e. the weekend. Is this what you meant?

2) How do I reverse the MA conditions i.e. if gap is down BUY, and if gap is up SELL. I want to test which direction (with or against the gap) is more profitable?

5) How do I get FSB to perform back testing once I have entered all the condirtions? What do I press to get it working?! :-) How do I enter the dates I want to test between?

To recap:-
a) Strategy 1:-I need to measure the weekend gap direction and place a trade in the opposite direction to the gap direction (if gap is positive, sell. If gap is negative, buy)

b) Strategy 2:- I also need to select the opposite trade direction to a) above. i.e. if gap is positive, buy. If gap is negative, sell. Will I have to save them as two different strategies?
Can FSB do this?

c) Can I perform this backtesting during the weekend when the broker's server is closed?

I appreciate your patience!

Mike

Hi Miroslav,

[Opening Logic Condition]
Moving Average
     The bar opens below the Moving Average
     Smoothing method  -  Simple
     Base price  -  Close
     Period  -  1
     Shift  -  0
     Use previous bar value  -  Yes"

If the above MA condition opens only sell trades when price is below the Friday close, and if:-

Moving Average
     The bar opens above the Moving Average
     Smoothing method  -  Simple
     Base price  -  Close
     Period  -  1
     Shift  -  0
     Use previous bar value  -  Yes

opens only buy trades when price is above Friday close, then I don't understand how it is possible to reverse those condition so that a down (negative) gap produces a BUY trade and a up (positive) gap produces a SELL trade.

Could you kindly explain it to me?

Also, I see no activity or results in my Balance/Equity chart window. Should I?

Cheers,

Mike

Hi Miroslav,
Ahh, i see where i went wrong. I was using two MA opening logic conditions instead of just using one and modifying whether it opened above or below the last bar.

I now get chart data.

How do I select the time over which the test is carried. i want to carry out a strategy test like in MT4 between Jan 2009 & Nov 2009? Do i now have to copy this file into FST and use it with an MT4 platform?

Cheers,

Mike

The "Overview" comprises two parts:

• Author's description - Description;

• Automatically generated description - Logic and below.

It seams you have started building your strategy form the default one - "New". The description you see - "Empty strategy ..." is the description to the "New" strategy. You can clear it or write your own from the "Strategy Description" window (i button just above the strategy slots).

Hi Miroslav,
Thanks for that tip. I have renamed the strategy.
My next questions is - over what range of dates does this strategy run? Is it the time selected in Data Horizon? I have used the dates 1st Jan 2009 - 23rd Nov 2009 and ticked the 'Remove data older than' 
& 'Remove data newer than' boxes, so I presume it will run the strategy between these two dates?

I'm starting to like your tester, I just need to practise more!

Cheers,

Mike

well, i guess there's no point in welcoming you guys, cause im the one new here! lol. hi guys, i just want to introduce myself before i can regularly participate in the forums.

i am James from Vegas. and i am a trader. lol.

hi,i'm from korea.

Blott,
Welcome to the forum.
On my opinion, the strategy is artificial and in uses artificial parameters which are not valid on Forex and will vary from broker to broker.
In majority cases there is no gap between Friday close and Monday open unless some fundamental changes in politics happens. On some brokers like Oanda trade 24/7 you can see straight line between Friday and Monday.
The same with DukasCopy, it opens with the same price it closes.
Majority of gaps are artificial and based on delay from Broker side, for instance broker closes 2 hours before market closes on Friday and Opens 2 hours after market opens. In this case there is a gap.
if you want to trade the same direction market moves on Monday, it is Ok, I do agree it can be profitable strategy, but it is nothing to do with gaps.

Regards.

"hey guys...
  i am new comer here so let welcome me...
i am just looking for some interesting things and i am pretty much sure that here  i will get them... share some interesting things with me........"

Hello Hari,
Welcome in the community!