1 (edited by fmFXbr 2018-03-26 20:52:48)

Topic: FSB Pro Still Did Not Work For Me

Dear friends, I made a great effort to prove that I was wrong and avoid writing this text. However, after using FXBS Pro for a few years (DEMO for a while and then as a licensed user) and trying everything (unsuccessfully), I think it's time to give up the program. For you to have an idea: I bought the complete package that gave me the opportunity to have a vip class with Popov, after I understood the program and read several articles here, I decided to buy a super computer to run the program for days, uninterruptedly. My computer literally stayed connected for over 1 year. All this time trying to create a strategy that worked. I did everything as I was asked, I created the strategy, I ran MontCarlo and MultiMarket Test, but all the strategies blew my account. I then proceeded to do the forward test with DEMO accounts. To summarize: I have not been successful in creating a strategy that works. For the first time, I'm turning off the computer. Particularly, I have a great feeling of frustration and disappointment, because I involved my family, friends, I spent time and money for something that did not generate at least 1 good result.

Maybe the error is still on my side, but I got tired of watching all the videos on YouTube several times, read the available resources and test, test, test and NOTHING.

First of all, I do not intend to offend anyone with this text. I recognize the work undertaken in this program. I also recognize that there is seriousness in some of you. However, I needed to unburden.

If there was a step-by-step tutorial on how to create robots using the program, I would really appreciate it.

2 (edited by ViniQ 2018-03-27 05:56:45)

Re: FSB Pro Still Did Not Work For Me

fmFXbr wrote:

After I understood the program and read several articles here, I decided to buy a super computer to run the program for days, uninterruptedly. My computer literally stayed connected for over 1 year. All this time trying to create a strategy that worked. I did everything as I was asked, I created the strategy, I ran MontCarlo and MultiMarket Test, but all the strategies blew my account.

This is the alert that @fmFXbr brings for you the new trader who think any software that generate trade systems ( curvefit tradesystems ) is the gold pot. There is no free launch in the market. You have a duty as data analysts and as trader, do you job and learn the steps! Never risk to blew your account, start small with fewer lots possible to avoid risk of ruin.

fmFXbr wrote:

To summarize: I have not been successful in creating a strategy that works. For the first time, I'm turning off the computer. Particularly, I have a great feeling of frustration and disappointment, because I involved my family, friends, I spent time and money for something that did not generate at least 1 good result.

fmFXbr I'm on your skin... soon you will analyze all the operations made and realize where the error is, for example: are you using a very high take profit or a very short loss / aren't you analyzing what are best time for open positions at current symbol... etc

fmFXbr wrote:

Maybe the error is still on my side, but I got tired of watching all the videos on YouTube several times, read the available resources and test, test, test and NOTHING. First of all, I do not intend to offend anyone with this text. I recognize the work undertaken in this program. I also recognize that there is seriousness in some of you. However, I needed to unburden.

fmFXbr wrote:

If there was a step-by-step tutorial on how to create robots using the program, I would really appreciate it.

I really believe that have put a lot of efforts into make this work and I'm glad that you realize something is not right and that you have shared it with us,


I can suggest to you two books that have change my mind about curve fitting and how to generate good strategies.
Curve fitting is the act of "over optimize" a trade system for specific data-set and it is an illusion because probably will not won't work in real trading conditions.

Reading List:

  • Fooled by Technical Analysis: The perils of charting, backtesting and data-mining... Book by Michael Harris

  • Systematic Trading: A Unique New Method for Designing Trading and Investing ... Book by Robert Carver

Strategy Tips:

  • Find the best time range for entry points

  • Use of higher timeframes as 30M or more.

  • Find strategies that are specialists in Long OR Short only.

I've point out I'm at your skin, don't be so hard with yourself, make sure this is an "expensive hobby" until the profits starts comming. Soon you'll figure it out.

Best of luck and success in yours analysis.

Vinicius Pereira, Portuguese Support. Olá eu falo português! Se precisar de ajuda entre em contato segunda à sexta: 09:00-18:00 (-3 GMT); via direct MP, e-mail ou acesse (Pt) Grupo Telegram;

3 (edited by hannahis 2018-03-27 07:19:06)

Re: FSB Pro Still Did Not Work For Me

Dear fmFXbr

No words can describe the depth of your frustrations, disappointments and hopelessness.  You have invested a great deal of  money, time and efforts (no one would question your commitments) and yet the results has been far below your expectations. I believed you tried your best and probably you need to take a break (shut off computer, shut off FSB, etc) to clear your mind.

You have a number of choices:

1. Give it up and consider all those time, money and efforts as total waste.  That's life, we lose some, we win some.  And learn to let go, otherwise this experience will always haunt you as a "failure" or leaving you a deep sense of regrets (for taking this path).

2. Change the way you work.  Same inputs = Same outputs.  So it's not a question of trying harder, it's the question of what to try/experiment on.  If you keep trying the same inputs (methods, workflow etc) you are going to get same output/outcome/failure.

As I've always said, there is 2 path of searching for profitable EA

1) Data mining

2) Theoretical based search (input your theory rules and keep fine tuning it) - This is my personal preference.

The truth is either one of these methods require lots of efforts (otherwise I won't be here still, I would be enjoying a luxurious lifestyle, letting my EA earn for me tons of money).  Both methods require tremendous efforts to "search" for a successful workflow.  It requires lots of experimentation, lots of thinking through what works, what doesn't and then fine tune the whole work processes. 

And because it requires so much efforts (of overcoming failures after failures), few would want to openly share their "trade secret" just to anyone).  If you have succeeded to climbed to the mountain top, would you share your glory with a stranger at the mountain base (who didn't participated nor supported you throughout your whole difficult journey and just want a pie of your success without paying the price of your sacrifice?).

Lastly, I "stumbled" upon FSB because I loss quite an amount of money in trading (as a newbie, many years ago) and I was at a cross road, 1) give up because I have already lose so much money or 2) count these loses as "tuition fees" to teach me the hard lesson of trading and make up my mind to overcome it by learn how to trade and this is the reason why I prefer to use the 2nd method (theoretical based) search for profitable EA via FSB.

So after so many years of trials and errors, I've developed a successful workflow for myself.  The quest for me now is not about searching for profitable EA, my quest now is to improve my EA so that it is more stable and robust (win overall consistently).

Likewise, you are now at a cross road (whereby all FSB users will faced one day) and only you can decide what to do next.  Give up or search for a better method (though you wish someone would just hand you their success workflow, who wouldn't wish that, I was wishing for that too but no one show me the ropes, so I ended up figuring it myself).

Lastly, Forex is really a tough game, to be honest, without FSB (or any other tools to assist you), it only going to be tougher.

And Popov is always trying his best to keep improving his software so as to make our search "easier and easier" (but that doesn't mean it's going to be easy peasy, though in the past, when I 1st started out, I was a dreamer, thinking it's going to be easy peasy, how naive and ignorant I was).  And once I've found my workflow, yes, developing thousands of profitable EA is "easy" cos I've already done all the hard work of developing a successful workflow to churn out repeatable success.  My next challenge is, to search for a "stablizer" to remove false signal effectively so as to cut down loses and improve the overall performance.  Now I can see the glimpse of my success, I am glad I didn't give up (though many times I feel like pulling my hair after so many failed experimentation).

So likewise, I don't know which is better for you.  Giving up, doesn't necessary mean a bad decision.  It's about channeling our energy to where we think it's worthwhile.  If you think you don't have time or aptitude for forex, it may be wise to give up.  But if you enjoy the mental game of figuring things out, you may then be game for it.

PS: Stay tune, Popov may come up with a new feature in April (hopefully he doesn't get side track by other things) - "optmizing" either or both combinations parameters which I believe will improve our search further.  Choosing the wrong combination is one of the key possible reason for my past failures.

Re: FSB Pro Still Did Not Work For Me

ViniQ wrote:

Find strategies that are specialists in Long OR Short only

Yes -- that is my experience, too.  The past few months I've been using FSB-Pro and Long-only strategies and I've been happy with the results.  When you consider that a strategy is an algebraic formula and optimization is simply the process of using trial-and-error to test different constants (using Popov's blazing-fast back testing engine), then it makes sense the resultant, "trained" strategy will have better stats if you simplify the types of patterns it needs to recognize.

fmFXbr -- I understand it is little consolation, but I think everyone has had similar experiences.  Perhaps part of the problem has to do with expectations.  Why not treat it as a long-term hobby -- something you do for a challenge and fun, i.e. it doesn't matter whether you win or lose but it keeps the juices in your brain flowing.  Go slowly, use Demo Accounts and pay attention to details.  And one day in the future a light bulb will go on -- for me, it was something that Blaiserboy wrote in a post that totally changed my perspective.

Re: FSB Pro Still Did Not Work For Me

ViniQ wrote:

Best of luck and success in yours analysis.

I really appreciate your attention and words, my friend. I'll buy the books today. THANK YOU SO MUCH!

Re: FSB Pro Still Did Not Work For Me

hannahis wrote:

Giving up, doesn't necessary mean a bad decision. It's about channeling our energy to where we think it's worthwhile.

My friend, your words were received with much appreciation. Thank you for taking the time to respond to my message. I'll think of everything you said. THANK YOU!

7 (edited by fmFXbr 2018-03-27 14:50:18)

Re: FSB Pro Still Did Not Work For Me

sleytus wrote:

Why not treat it as a long-term hobby -- something you do for a challenge and fun.

Believe me for a while I worked a lot on the psychological side. I've never been emotionally involved, but the lack of result is that has generated frustration. As I said in the message above, I waited almost 2 years for me to be able to share a complete feedback. Of course I wanted to be talking today that it was worth the high investment in the program (time, money, etc), but unfortunately it was not what happened. I'd like to repeat that I'm pretty sure the problem may still be on my side. With this post what I hope is help, some advice that makes me go in the right direction. THANKS!

Re: FSB Pro Still Did Not Work For Me

An easy way to start is to look at the samples included with the program.

Put one of them in the generator and let it work.

Then modify it a little.

Using FSBPro does not have to be too complex, take something that works and start to build on it.

You do not have to become a High Frequency Trader on day 2. What you do have to do is to get something simple working.

Popov has a Macd Strategy in the program..... start with that, modify it a bit... change it a bit, let the generator do its thing for a few hours.

I suggest that if you can get something that will result in 80 percent win rate in the generator using OOS of 35 percent, then you will have something to put in the demo account...

Personally, I am quite lazy..... I make the generator work hard and long hours. I start with one indicator and let the generator find solutions, that is what it is built for.

Somewhere, Popov has advised to not set the  requirements too high so that you do get results, then refine.

I like to use the tools that Sleytus has developed because they simplify decision making.

The best advice that I can share.......... Keep your application very simple and allow the generator to earn its keep.

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

Re: FSB Pro Still Did Not Work For Me

An example of using the ea's that are included with the software.

Today I took the Bollinger example and placed in the generator, modified the stop loss to my preference, locked the existing indicators and let the thing run for a couple hours...

And now I have a number of strategies that I will place in a demo account.

I will use that approach on all of the pairs to see what will give me a good return.

We do not have to be equipped with a lot of skills to get to profits, we just have to take something that works and modify a bit to our preferences.

I really like daily charts..... backtesting and optimization are fast because fewer bars and they are nice for building equity.

I sure hope that the posts in this thread will enable your success, there have been some super ideas shared by people.

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