As you know, I'm the FSB Pro author and my opinion is highly subjective, so better ask in some forum for a neutral opinion.

Both programs are valuable but different.

Strategy Quant is mainly used for creating a set of strategies automatically. You just run it and after two days you have strategies. It is designed to produce good backtest result without paying attention on the strategy logic. SQ may create a strategy that trades when MACD is higher than RSI for example. It is a little bit like comparing apples with oranges.

I can tell you more for FSB of course.
We invented the strategy Generator at 2004, the backtesting interpolation methods, the Method Comparator, the Ambiguous bars and other.

FSB was free and open source until 2014.

The purpose of FSB is to provide tools for creating a logically correct strategy and to present all aspects of the backtest to the trader. The FSB users can create complex strategies manually. FSB provides possibility to set individual symbol and data period for each indicator. It provides signals shift and signal repeat functions, which gives possibility of creating complex signals. There are also logical groups.

FSB has Bar Explorer tool that shows all executed and cancelled orders and positions in data tables and graphs. This is the only way to understand how the backtest works.

The SQ price is high because they give 50% for advertising and commissions to partners.
We do not advertise FSB and all you pay is for the internal product value. Even more, for the price of SQ you can take one of ours Optimal Packs, which includes a lifetime FSB Pro for two machines, a lifetime account for EA Studio, and one year account for BO Tester.

By the way, EA Studio is design to cover all positive sides of SQ and even better – it comes with a Strategy Reactor.

As final words, SQ is better if you want a bunch of strategies and don't care how they trade.
FSB is better if you want to create logically correct strategies and want to understand how the automatic trading works.

A great part of the users that contact me are Strategy Quant owners, so probably the best for you is to purchase SQ now and later to come back for a Forex Pack with FSB pro and EA Studio.

I have used both.
Strategy Quant sits idle while I run FSBPRO almost 24/7.

I find FSBPro much simpler and faster to get results, I have built a substantial portfolio using FSBPro over a few years.

Building automated trading systems does not have to be as complex as Strategy Quant.

It is a matter of personal preference, I have found the developer of FSBPro to be quick to deal with problems and that is what matters to me as well as ease of generating and testing strategies.

Watch my video series and you will see how we create experts and make profit.

Take one of our forex packs and practice two years. We guarantee that you will improve your trading skills and performance.
The EA Studio's Reactor is also a good start.

Please note also that the Mega Pack includes a personal training, which may help you a lot.

I do not think anyone is going to attempt to prove anything and I don't think anyone is going to open a MyFxBook account to get an audience.
My FxBook is for people who want to sell things such as experts or signal services.
I am not interested 9in selling anything.
FSBPro sells itself.
What I suggest that you do is....... construct a stratgey, do the testing and then do a thorough walk forward using the 'Data Horizon' under 'Market' at the top of the screen, You can manipulate the dates any way you want and see about the strategy that you have devised.
There is nothing that my experts can do for you and no matter what you see, you are going to have to make your own decisions.
I would not want that you base a decision on seeing my strategies...... you have to make the decision on your own, doing your own due diligence.

I use FSBPro because I like it and I like the people in this forum and I like how Popov deals with the problems...... you may not like any of those....

Your decision will cost you some good amount of money, I do not want you to make a wrong decision....... that decision you will have to do yourself to meet your own personal requirements.

A few years ago I was after Popov to make a fancy sales page..... I could not understand why he refused. Well, finally I realized that the product will sell itself toi the people who want what it provides.

I can suggest that you make a list of the features of the software and then  for each of the features make a list of the benefits that you can see and also a list of the problems... that will lay out clealry where you should go.

This is a decision that you have to live with for a long time....... and, unfortunately, it is up to you, not up to anyone showing you results.

If you have time, you can look back through old posts on the forum and learn what others have experienced.

You might see that some very capable traders are using the software for themselves and for their clients.

From snooping around on the net I have seen that a couple users are now providing signal services for a fee.

Some people will not succeed using FSBPro because they will not take the time to master its capabilities. Some people will fail because they do not perform all of the tests on their strategies before live trading.

Myself, I am experimenting all day and most evenings....... I try all sorts of things... just to see what happens. Slowly I learn.

And if you are going to be developing automated systems. you will have to do the same. You have to ask yourself if this work is what you want. As far as making a choice of software. they both offer solutions and they can both offer frustrations.

The choice is your to make.

daveM

One other thing that's not yet clear for me.
When/why should I use FSBpro and when/why EA Studio?
Both do the same thing (as far as I can see).

In other words: when I buy FSBPro what are the benefits of buying EA Studio too?

One substantial difference between our policy and the policy of the StrategyQuant authors:

SQ: We do not offer refunds, therefore take advantage of the free trial

FSB Pro: 30 days 100% money back guarantee. No questions asked

I bought GSB 1 year ago . To make a long story short, if you want to trade ES it
is good but for everything else it you will have more problems.   Custom fitness did
not give me much additional value. The problem with GSB is that the formula
it uses is quite fixed and this formula works well on ES but other tickers are
more difficult.
The skeleton of the formula is optimized for ES and even while there are 36 indicators
it doesn't matter much which ones you are enabling or disabling. It just finds small
trades on ES and it needs volatility. Till 2017 it worked great and after that,  decide
for yourself if you test. But there is an active forum with many experienced traders
and Peter is working hard to make things better. Currently robustness is a topic in the
GSB NG and there is progress. Their optimizer is a peak optimizer and even after
long WF checks systems can still fail OOS. The best optimizer should search for a stable
range of parameters which not has to be the peak. I understand FOREXSB is also a peak
optimizer.

GSB has  custom indicator now and that is what I am going to try in the near future.
I have not been able to generate good systems on Forex with GSB and I think it is not intended
for that. Peter also says he is not good in Forex.
GSB only has very simple exits (no trailing or ATR etc) , a lot of work still has to be done here.

I´ll have to correct you on this one as this can´t be further from what´s really going on right now ;-) SQ4 is close to release and they´ve been working on it for near 2 years now. It´s been on public beta-test for almost a year now too (Beta 9 was released 3 days ago and I´ve been testing it the whole weekend + made new bug reports). I am not going to post any links out of respect, but have a look at their Forum or bug-tracker (love this method to track bugs) and you´ll see that there is MAD activity as the final release is nearing.

All good, just was wondering how you came to this conclusion :-)

Hi Geektrader, wo kriegt man diesen optimierten Chrome Build her?

Hi, very interesting to read this all.
I have both. The SQ 3.8.2 and SQ 4.119 and the FSBpro.

I have much more experience with the SQ.

You can´t compare SQ and FSBpro directly. If you have more knowledge about forex Robots the FSBpro is the better choose.

The new Version of SQ, SQ 4.119 have more funktionality than FSBpro. Version 4.X of the SQ is very good and stable at the moment.

I have not found a good strategy with 3.8.2 and 4.X and FSBpro. The problem is the curvefitting and the market situation. The found Eas are very simple.

I have my best success with the following combination.

a) Find a good portfolio of EAs (I have done this with SQ 3.8.2)
b) Let the EAs trade (The Eas opens the position)
c) I get an SMS is a EA open trades
d) I check the trade and close the trades manualy. (I check market situation and different timeframes and make my own decision to close the trades)

https://www.myfxbook.com/members/tnickel/jfd-life/1274324

my suggestion is to buy both programms. FSBpro and Strategyquant.
Find some EAs + Learn Trading by hand.

I think the combination of automatic trading and trading by hand is the future.
I don´t have so much trading knowledge, but it helps if I use the automated eas for the trade entrys.