Araza,

Welcome to the community!

The beauty of Forex (as with other markets) is you trade your belief vs the market.  Your belief is that you need to be familiar with the trading principles - and you can make money. Another persons belief is that they only need to know the news to trade profitable, they also can make money. Some traders don't care about the specifics of a system - just that if back tests well and that they have a emergency stop for when the system stops working, they also can make money. Many different ways - FSB Pro just helps you understand if your belief could make money. 

This community is happy to help (and very friendly   )  so why not share a bit of what your doing and see if the community has some ideas to help you improve.

Just remember that trading is very personal (being psychology is so key to the success - manual or automated) - and what works for you may not work for someone else.

PT

Hi araza...I'm kind of in the same boat as you are.

I'm 49 years old and relatively new to trading. I spent a little more than two months studying FOREX trading by hand (full time) last year (with some coaching and guidance).

I know many would disagree with me, but spending time learning about various indicators and their uses will be highly beneficial to your understanding of EAs generated by FSB and their viability. You will also be more able to guide the generation process by using appropriate indicators and multi-timeframes.

Auto-generated EAs are a relatively new procedure, and we still have a LOT of work to do to figure out a way to churn out a bunch of profitable EAs. It will be more difficult than hitting the START button and throwing some EAs on a live account for testing. (Again, many that will disagree with this statement.) We as a community need to produce new ideas and work together to develop those ideas.

Traders who trade "by hand" claim that their trading expertise cannot be put into an EA. From my brief study time, I currently have a different opinion. Yes, there are certain methods (i.e. trading news) that are very difficult (impossible to those without resources) to translate into a mostly-automated system. However, I think (importantly) Support and Resistance can be translated. (Notice I'm speaking in terms of "opinions", and some will change as my understanding evolves. Always keep an open mind.)

As a general rule, Stop Loss is very important. Break even will generally reduce profit levels and is used more for psychological reasons of not losing money, which is not a good reason to use it. Fixed trailing stops are a little better, but I don't know how good they are. A more complicated trailing stop, based upon calculated trading levels, could possibly be a profitable strategy.