Forex Strategy Trader v1.4.2.0
Strategy name: Retracment Method
Exported on: 18/08/2011 10:13:05 م

Description
(This description might be outdated!)

This is an "empty" strategy.

You can use it as a base to build your strategy from scratch.

Feel free to experiment!

You can set the opening and the closing point of the position, add opening or closing logic conditions, and adjust the strategy properties.

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.

Maximum open lots: 0.1
Entry lots: 0.1
Adding lots: 1
Reducing lots: 1

A same direction signal - Does nothing
An opposite direction signal - Does nothing
Permanent Stop Loss - 300
Permanent Take Profit - 900
Break Even - 300

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

[Opening Logic Condition]
Moving Averages Crossover
     The Fast MA is higher than the Slow MA
     Base price  -  Close
     Fast MA method  -  Exponential
     Slow MA method  -  Exponential
     Fast MA period  -  6
     Slow MA period  -  23
     Fast MA shift  -  0
     Slow MA shift  -  0
     Use previous bar value  -  Yes

[Opening Logic Condition]
MACD Histogram
     The MACD histogram is higher than the Level line
     Smoothing method  -  Smoothed
     Base price  -  Close
     Signal line method  -  Simple
     Slow MA period  -  26
     Fast MA period  -  12
     Signal line period  -  9
     Level  -  0.0000
     Use previous bar value  -  Yes

[Opening Logic Condition]
MACD Histogram
     The MACD histogram is higher than the Level line
     Smoothing method  -  Smoothed
     Base price  -  Close
     Signal line method  -  Simple
     Slow MA period  -  60
     Fast MA period  -  30
     Signal line period  -  30
     Level  -  0.0000
     Use previous bar value  -  Yes

[Opening Logic Condition]
Parabolic SAR
     The price is higher than the PSAR value
     Starting AF  -  0.02
     Increment  -  0.02
     Maximum AF  -  2.00

[Opening Logic Condition]
Stochastics
     The %K is higher than the Slow %D
     Smoothing method  -  Simple
     %K period  -  5
     Fast %D period  -  3
     Slow %D period  -  3
     Level  -  20
     Use previous bar value  -  Yes

[Closing Point of the Position]
Week Closing
     Exit the market at the end of the week
     Base price  -  Close

[Closing Logic Condition]
Moving Averages Crossover
     The Fast MA crosses the Slow MA downward
     Base price  -  Close
     Fast MA method  -  Exponential
     Slow MA method  -  Exponential
     Fast MA period  -  6
     Slow MA period  -  23
     Fast MA shift  -  0
     Slow MA shift  -  0
     Use previous bar value  -  No