You are completely right,

This setups has one major advantage - since we trade only at Bar open (note that Bar close is nothing more than the next bar Open), we do not rely on the bar interpolation methods. The benefits are:
- more closer results in FSB Pro, MT tester and the real trading.
- no need of intrabar or tick data.

The only exception is when the strategy uses both Stop Loss and Take Profit. FSB Pro solves this problem categorically. If there are simultaneously SL and TP in the range of a bar with an open position, FSB Pro closes at SL. In that way FSB Pro never guesses for the exit and doesn't show overestimated results. The program marks such bars as "Ambiguous" to be clear for everyone what it is happen.

Additionally to that, I may recommend you to use only Simple moving averages. It increases the value of the shown benefits.

I have my 500 in the collection......... the reason I prefer such a number is so that I have a good selection.

I will use the filters on the collection page, separately and in combinations to bring up different results.

I am not too pleased that the best win/loss so far, is 0.48 so I will be trying to find ways to bring that up. This is where i will have to be inventive, adjusting things until I get the desired metrics......

Maybe I will adjust the stop loss or take profit. and use the optimizer to help.

In any event, this is the hard part....... manipulating the profit protection and the closing logic until I get what I want.

I will not touch the opening logic as I want that constant to prevent curve fitting....

The main part of this task will be to use the control panel 'Acceptance Criteria' to optimize and reoptimize with different parameters..... This can take a couple days trying different things......

That Optimizer is the power of FSBPro, it can do wonders modifying a generated strategy to something worthwhile.

Because my strategy has few variables, I can quickly determine if a change is worth working on, it takes only a few minutes in the optimizer.

One this part is done. walk forward is next......... I just break up my data into different chunks and check the journal and the equity curve for each chunk. That will show me quickly the bad parts and the good parts.....

Easy enough to manipulate the Data Horizon to get several different periods to examine. It is actually more accurate to do it manually than use an automated walk forward.

The walk forward is the most important part of this exercise as it will quickly show the weaknesses. Inspecting the indicator chart carefully will sh0ow the problems and perhaps indicate a solution.

You will notice that I have not used Monte Carlo yet. it is a deception to use Monte Carlo before Walk Forward......

A waste of time if omitting Walk Forward.. do not be fooled!

Using OOS in the generator is great but it does not eliminate the need for Walk Forward. Unfortunately we have to do some manual work.

Comments Please!  Let's help others to find a way to make some money with automated trading.