Topic: Few questions about FSB

Already more than 2 weeks working on FSB, learning, trying strategies and appeared some questions in my mind. Can you please answer these questions :

1- Strategies created by FSB can be traded in 2 ways. One is through FSB-MT4 bridge and second strategy can be exported as EA to MT4 and directly on MT4 can be traded. Which way is more preferable? Which advantages and disadvanteges have these 2 variant? Regarding with speed of opening/closing positions, effectiveness of strategies, using sources of load on computer...etc, which way should be prefered? Or both are same?

2- Can trading with a strategy be limited with a time? I mean if i dont want strategy opens new positions at nights, how can i do it? I know time is different in different countries but it can be fixed somehow by using GMT or CET time i think. Is there any way to do it?

3- If a strategy including a custom indicator in FSB, it can not be exported to MT4 because of the missing indicator in MT4. Is there an easy way to convert strategy in FSB to MQL and copy it to MT4? So strategy can be fully exported to MT4. (Assuming without knowledge of coding)

4- Custom indicator in FSB and MT4 should have any connection or relation? I mean if i want to have same custom indicator in MT4 to be able to export my strategy to MT4, code of indicator in MQL which specifications should have? Or code in MQL to just detecting buying and selling points in indicator, keep the same name of the indicator like in FSB and copy the MQL indicator in MT4 will be enough?

5- What do you think about martingale option in FSB? I dont see any usage of this function in tutorials anywhere. It made me think using this option is not adviced much. You think martingale function in strategies is usefull or too risky?

Thank you in advance

Re: Few questions about FSB

The bridge is excellent, however you may have more strategies than the bridge can handle.

You can use the opening logic 'Entry Time'

FSBPro offers indicators that do different things from what is available in MT4, they are not necessarily going to show the same.... Keep in mind that an indicator on MT4 is graphics, while FSBPro uses math which is vastly different approach.

One you have your strategy ready to go, you should not be having to watch it on Mt4, the charts in FSBPro should clearly indicate how the thing trades.

Mt4 is merely a gateway for FSBPro to trade, you do not need to be concerned with it as you can see your execution in FSBPro.

Martingale is a great fun tool, and super for blowing up your account, few traders can use Martingale effectively, a waste of time and similar to the casino.

I suggest that you develop your strategies and then use the date functions in the 'Market' Tab to see how your strategy performs in different periods (similar to a walk forward). That should satisfy you as to the execution of your trades and allow you to see the relationship to the indicators and also the price bars. This is a quick and efficient way to determine the operation of your strategy, far faster than MT4 and far more precise.

You may have noticed in your experience that MT4 indicators are not always true on the charts, in other words you can make errors in precision by observing them. The charts in FSBPro are precise, as is the information on the right hand side of the chart.

I hope that helps.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Few questions about FSB

Thank you Blaiserboy for great answers. For 2nd question i think you misunderstood. Logic 'Entry Time' is not a solution for this i think. Each strategy has its own specific entry condition and i think FSB doesnt allow to define entry conditions more than 1. I mean in this question if there is a way to prevent a strategy open new positions for example between 22.00 GMT - 08.00 GMT ? I want strategy works only day time when spreads are normal, and volumes are normal in market. At nights mostly spreads are getting much much more (floating spreads) and volumes are low which may lead to not good trading signals.

Re: Few questions about FSB

Why Entry Time doesn't work?


http://s33.postimg.org/if9i10pd7/bal.jpg

With those settings strat opens trades from 8 in the morning until 5 in the evening... Put it on the chart and verify yourself smile

Re: Few questions about FSB

Is there an easy way to convert strategy in FSB to MQL and copy it to MT4? So strategy can be fully exported to MT4. (Assuming without knowledge of coding)

Unfortunately not, coding is needed.

Re: Few questions about FSB

Custom indicator in FSB and MT4 should have any connection or relation? I mean if i want to have same custom indicator in MT4 to be able to export my strategy to MT4, code of indicator in MQL which specifications should have? Or code in MQL to just detecting buying and selling points in indicator, keep the same name of the indicator like in FSB and copy the MQL indicator in MT4 will be enough?

No. MQL indi must be ported to C# language, which FSB accepts. You cannot do anything with mq4 in FSB, even export function is built differently, even though it uses MQL.

Re: Few questions about FSB

I think Footon has fully answered the time question.

FSBPro allows more than one entry condition by using the 'Logical Group' which is found in the lower part of the indicator in the 'Editor'. You can make quite a few conditions by grouping indicators using the logical group. Same with exits.

Keep in mind that you can use the 'Volume' indicator to filter low volume periods.

Also, Footon has been studying and making indicators for FSB and FSBPro for a few years and has become like a skilled mechanic with them.... He is more than willing to share his expertise... you can check out his thread.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Few questions about FSB

Thank you all for instant help, got the idea. I think i need to check with logical groups and its usage. I am happy that i accidently met with FSB and this helpfull community.

Re: Few questions about FSB

There is a lot that you can do with the unique features in the indicators..... It is well worth your time to experiment with each feature as they can make a huge difference in your strategies.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Few questions about FSB

footon wrote:

No. MQL indi must be ported to C# language, which FSB accepts. You cannot do anything with mq4 in FSB, even export function is built differently, even though it uses MQL.

Can't we use this kind of service
http://2calgo.com/

I’m working on improving my English and trading skill

Re: Few questions about FSB

I am not sure why you want to convert MT4 to C, however, you are free to do so.......

There is no need to introduce other software to your work, the charts in FSBPro do a great job..... far better than MT4

The temptation to introduce other softwares is great, but it will cost you time and ultimately will cost you money.

FSBPro is designed for automated trading, not chart watching trading, Mt4 is used only as a link.... please try to understand that we are using math to trade, not graphics.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Few questions about FSB

yonkuro wrote:
footon wrote:

No. MQL indi must be ported to C# language, which FSB accepts. You cannot do anything with mq4 in FSB, even export function is built differently, even though it uses MQL.

Can't we use this kind of service
http://2calgo.com/

Have you used it? Language can be the same but calgo and FSB arhitecture or the way both programs are built is incompatible, therefore it is old-fashioned coding for indicators.