The "Opening Point of the Position" slot shows the price, at which the strategy enters the market and adds/removes from an open position. We enter the market at a price level determined by an indicator value or by time ("Bar Opening" for example). However, before we open position we need confirmation from the "Opening Logic Condition" slots.

The "Opening Logic Conditions" basically tell you whether to enter the market or not when the entry price has been reached. They also determine the position's direction (whether we enter short or long). There is no any "Opening Logic Condition" in this strategy and that leads to undetermined entry direction.   Because of that the program doesn’t open positions during the backtest.

The "Closing Point of the Position" sets the exit price. If you set it at "Bar Closing", you can add "Closing Logic Conditions". They will block the exit until at least one of them is fulfilled. If you do not use "Closing Logic Conditions", the position will be closed when the "Closing Point" is reached.

The Strategy Overview explains the strategy logic in an additional window and can be exported to a file.

Look in the forum for help or more information on creating forex strategies.

Remember! The strategy slots describe the long position logic only. Forex Strategy Builder will set the short position logic automatically using the same logic but in the opposite direction.

Market: EURUSD 5 Минуты
Spread in pips: 20
Swap Long in pips: 2
Swap Short in pips: -2
Commission per lot at opening and closing in pips: 0
Slippage in pips: 0

Maximum open lots: 20
Entry lots: 1
Adding lots: 1
Reducing lots: 1

Intrabar scanning: Accomplished
Interpolation method: Пессимистический сценарий
Ambiguous bars: 0
Tested bars: 19977
Balance: 26839 pips (36839,00 USD)
Minimum account: -391 pips (9609,00 USD)
Maximum drawdown: 2860 pips (2860,00 USD)
Time in position: 65 %

A same direction signal - Adds to the position
An opposite direction signal - Reverses the position
Permanent Stop Loss - 1000
Permanent Take Profit - None

[Opening Point of the Position]
Bar Opening
     Enter the market at the beginning of the bar
     Base price  -  Open

[Opening Logic Condition]
Bollinger Bands
     The bar opens above the Lower Band after opening below it
     Smoothing method  -  Simple
     Base price  -  Close
     MA period  -  20
     Multiplier  -  2,00
     Use previous bar value  -  Yes

[Opening Logic Condition]
Volumes
     The Volume rises
     Level  -  500
     Use previous bar value  -  Yes

[Closing Point of the Position]
Take Profit
     Exit at the Take Profit level
     Take Profit  -  300