Keep in mind that an automated approach is much different from the visuals of manual trading.

My suggestion is that you start with the daily timne frame until you get some good idea as to what the software will do.

Keep things simple, use only a couple indicators, I siggest 2 only at the start.

My ideas may not be the best, just things I have used.
Regarding stagnation.... I got around that by using different strategies, different pairs. Build a portfolio.
My consideration was to limit risk so I used very small orders and could then have quite a few open at the same time.

There is the pairs, the cfd's etc to help get past the stagnation problem.

I suggest patience in getting things trading on a real account....... experiment with the software to explore all of the possibilities.

If you are frustrated with daily. drop it down to 240 minute.....

Keep asking questions as they arise..... it is important that you have success.

Hi there, Blaiserboy. I hope you can help me with a basic step-by-step process to create good strategies.

I believe that to start would be to understand the best configuration by parts (considering your best practice).

Let's start with the EDITOR tab:

I really have a lot of questions about which option to choose: Percent or Lot. What is your best experience with:
1. Entry Amount and Maximum Lots;
2. Additional Entry Signals;
3. Position Protection.

Still in relation to the GENERATOR tab:

1. What is the best option I should choose for "Search Best": Net Balance? System Quality number? Sharpe Ratio? Max Equity drawdown? Annualized profit? Average HPR? Geometric HPR? Profit Factor? Win/Loss ratio?

2. Which parameter do you use in "Additional Settings"?
a. Use default numeric values
b. Use Al history learning
c. Optimize strategy
d. Normalize Strategy

3. How many threads should I choose in "Number of Parallel Threads"?

Another thing that intrigues me is the settings of the General tab of Control Panel:

How should I configure this part?

Last but not least: ACCEPTANCE CRITERIA.

How do you set this up for best results?

Hello.

I can say, look the Videos from Popov.

I have very bad Englisch but show all Videos.

After this i have make the self what in Videos show.

After this i have played with settings.

After this i have every Day a new Idea and Begin from first.

The EA´s i test on Demo, when good after small time i test on Real.

On Real i have all Accounts connected with www.fxblue.com

With that you can all check, and see that Bots are good or Bad.

Bad Bots i delete and good Bots i let run...

I read the Forum and on some Time a have a new Idea and test it.

I have now run, much Bots from FSB Pro and much from EAStudio.

EAStudio with Portfolio Expert i have different Results. Best for me at this Time are in EurChf.

I hope it help you, that you see, you must play with Software and then you learn.

Hey, I know all about learning how to use this software, and how frustrating it can be..... I have spent years trying to  develop strategies.

I am goping to suggest that this weekend you take some time and study the meaning of the criteria on the Multi Charts page...... use a search engine and learn what those terms mean. Learn also the meanings of the terms used in the strategy summary...... because those are going to be your criteria for accepting or rejecting a strategy.

I siggest that you insert something into 'opening logic' and put the 'chain' on it and let the generator do its thing for a few hours and then examine the results.

One of the forum members likes to use the Ross Hook. try using that....

Do not complex things. FSBPro has many, many options..... You do not have to use all of them at once..... Personally I do not use many because I like simple strategies.

Oncve you have some results.... start looking at the indicator charts for your results...., attempt to modify the results by using the editor and making changes.

This will be a very good education for you to learn to use the tools.

Gradually you will gain expertise.....

Once you have some results and then have unresolved questions..... start to post the strategies in here and ask. There will be a lot of help available once you post a strategy with questions.

You can see in recent posts..... the ones that have strategies and pics attached with specific questions get a lot of helpful replies....

I experimented with every one of the indicators in every slot, when I started...

Gradually I became aware as to which indicators would work together.

I tried to use the 'Control Panel'......... and decided to leave them off. and then use the sorts in the Collections to find the ones I wanted to keep.

In the 'Generator ' screen at the top is 'Settings'.... that gives you a choice as to ordering your results.

The 'optimizer'  in the 'Collections' area has settings also....  The setting that you choose to optimize an individual strategy will be the one that is used in 'Multi Tester'..... so you will have to be sure of the setting that you want to use.

I suggest that at first you not use the higher time frame setting, it is not necessary.

I also suggest that you use simple orders at first.....  Perhaps develop a simple strategy that you like..... and then work with that one strategy to add the complexities....

Complexing a strategy may hide curve fitting......

When testing a strategy.... use the 'Market' screen and break the period into 5 or 6 parts and examine the journal for each part to ensure there is not a lot of losses grouped together which are unseen when looking at the complete strategy.

Because we use long periods to generate strategies, we can miss the bad periods and end up with substantial drawdowns.

We can be struck with 'Analysis Paralysis' because there are so many statistics available. Personally, I look at System Quality Number, Win/Loss, Profit Factor and Max Equity Drawdown to give me an idea as to suitability of a strategy. Others will have their own criteria....

Others in this forum have a much better knowledge of statistics and math than myself, hopefully  they will provide their input to your queries.

Exiting the trade.....  the most important part.

To me... stop loss is a must.

Optinoally Break Even..

and....... Closing Logic.... you might want to have a couple in that area..

To get away from curve fitting.. perhaps lock the slots after using the optimizer....

This is where the instant backtest feature of FSBPro starts to shine..... you can make some changes and instantly see the results.  Adjusting the oscillators is simple and takes no time.

You mau want a Stop Loss and a couple more exits in closing logic.....  something that you have to test.

I forgot to mention...... when I am starting to generate a strategy.... I like to see 500 in the collection.. so I can sort it in many ways before narrowing down the choices.

I do not know the specifics... the generator is set up to gather information somehow and improve on it.....  so the longer it runs, the better the output.

Keep in mind please..... these are my personal ideas and they may be crap...... you have to make determinations for yourself.  And other members of the forum may have far better ideas...  I hope they would add their opinions also.

I mate, jump on the youtube channel and watch the vids posted by Popov. There is a series he runs about putting together a portfolio of strategies with an impressive result at the end. I found the vids to be a big help. I was struggling to get it running at first as well, but now I can pump and dump dozens of strategies per day...

I like to approach a strategy with an end goal in mind. I will ask some questions, then run over them.

Such as... What pairs to trade? What is my initial account balance? How much do I wanna risk? Should I trade only the US open? Do I wanna an active EA? Should I try a single market or multiple? etc etc etc....

Its a good idea to take notes as well. Like if you had a starting balance of 1k and you want a MAX DD% less than 1% what can you tweak in the strategy creator to develop your EA. Take notes of what worked and what didn't.

The image is an example of a quick strategy I put together, ready for a demo account (according to my criteria) it took all of several minutes to create...

The software is amazing you just gotta experiment and play around with it, read over the wiki and watch the vids on youtube. Trading is not easy, but this software surely makes it feel that way.

My friend, thank you very much for all your help.