Topic: Holly Grail in FSB that fail miserably in MT4 backtesting
Hi to all members and especially Mr. Popov and the team behind FSB project. I am actually not a forex trader. I have never traded either real or demo account. What I do for living is recognising patterns I mean really. Searching for patterns for companies that need certain data of this kind.
First time I came accross with forex was actually finding the old FSB software that was free. That was few years ago I din't have a clue what is all about but what intrigued me after some digging was the search for the best line, in other words best line for making money. I am using this software since then as 3 months per year I am off the business resting and having fun. The work you guys put in FSB is a life work and seeing Mr. Popov and some others constantly available to members, doing upgrades and many other things, I mean HUGE respect. Not many people of this kind on the globe. If I was a trader I would have certainly invested in this software but for now I am just having fun with it and now and than try some backtesting of strategies.
I usually search strategies manualy because I like human logic over software's.
This strategy is such a result. Looks like bad ass holly grail but it fails miserably on backtesting. Maybe you traders or FSB geeks could explain why it fails and what is going on. I think it has something to do with steady bands with higher time frame and OPEN base price as exit point. I used tickstory data and fsb as well. Used normal account with 100k lot size. Spread 3 pips on EURUSD,...
here it is:
Market
Symbol - EURUSD
Period - M5
Trading Size
Maximum lots - 20
Trading units - lots
Entry units - 2
Strategy Properties
Same direction signal - Nothing
Opposite direction signal - Nothing
Stop Loss - None
Take Profit - None
Break Even - None
[Opening Point of the Position]
Bar Opening
Enter the market at the beginning of the bar
Base price - Open
[Opening Logic Condition]
Moving Average
The bar opens above Moving Average after opening below it
Smoothing method - Weighted
Base price - Median
Period - 5
Shift - 0
Use previous bar value - Yes
Logical group - A
Signal shift - 0
Signal repeat - 0
Indicator symbol - Default
Indicator period - Default
[Closing Point of the Position]
Bar Closing
Exit the market at the end of the bar
Base price - Close
[Closing Logic Condition]
Steady Bands
The bar closes below Lower Band
Smoothing method - Simple
Base price - Open
MA period - 5
Margin in points - 100
Use previous bar value - No
Logical group - a
Signal shift - 0
Signal repeat - 0
Indicator symbol - Default
Indicator period - H4
What do you think?