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Forex Software → Forex Strategy Builder Professional → Automating a strategy from a successful manual trader

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Posts: 11

  • marco
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  • Registered: 2022-03-02
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Topic: Automating a strategy from a successful manual trader

Hi everyone, I’m new to the forum I’m writing from Italy! As kindly suggested by Petko I would like to see if anyone would be interested in automating a strategy that I’ve learned from a famous successful trader (don’t wanna exploit his name) who mostly trades manually. Anyway I’ve been wanting to automate it for some time; I tried with a program but was not a good one, and since I’m new to FSB and trading in general I would ideally like to see what you guys think from your experience and share the results in the community. I’m gonna drop it down here so you guys can tell me your opinion, it’s a nice and simple one. Thank you in advance! wink Cheers, Marco

Up trend (long):
- 6 EMA crossing 18 EMA upward
- 6 EMA and 18 EMA are above 50 EMA
- 50 EMA is above 200 SMA

Downtrend trend (short):
- 6 EMA crossing 18 EMA downward
- 6 EMA and 18 EMA are below 50 EMA
- 50 EMA is below 200 SMA

- TP 10 pips (max 11-12 pips recommended)
- SL 8 pips (max 10 pips recommended)
- 1% risk recommended or less

  • Blaiserboy
  • Blaiserboy
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Re: Automating a strategy from a successful manual trader

Probably you would need some other filters, or you will not get a smooth equity curve

You did not mention time frame

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  • footon
  • footon
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Re: Automating a strategy from a successful manual trader

[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
     Fast MA crosses Slow MA upward
     Base price  -  Close
     Fast MA method  -  Exponential
     Slow MA method  -  Exponential
     Fast MA period  -  6
     Slow MA period  -  18
     Fast MA shift  -  0
     Slow MA shift  -  0
     Use previous bar value  -  Yes

[Opening Logic Condition]
     Moving Averages Crossover
     Fast MA is higher than Slow MA
     Base price  -  Close
     Fast MA method  -  Exponential
     Slow MA method  -  Exponential
     Fast MA period  -  18
     Slow MA period  -  50
     Fast MA shift  -  0
     Slow MA shift  -  0
     Use previous bar value  -  Yes

[Opening Logic Condition]
     Moving Averages Crossover
     Fast MA is higher than Slow MA
     Base price  -  Close
     Fast MA method  -  Exponential
     Slow MA method  -  Simple
     Fast MA period  -  50
     Slow MA period  -  200
     Fast MA shift  -  0
     Slow MA shift  -  0
     Use previous bar value  -  Yes

[Closing Point of the Position]
     Stop Limit
     Exit at Stop Loss or at Take Profit
     Stop Loss  -  80
     Take Profit  -  100

  • marco
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Re: Automating a strategy from a successful manual trader

Guys thank you so much for your replies! To answer:

- The time frame is 15M I forgot to add it;

- Yes there are also some other extra filters, however since it's designed for manual trading I'm assuming some of them are virtually impossible to replicate, for example the shape of the "trigger bar" ("pin" or "ice cream" bar, that's his own terminology). I'll attach the detailed manual rules in the picture from my notes.

- Another condition is that the MAs sequence also needs to match the 1H time frame, also not possible to replicate I think..

- Anyway the strategy should grow the equity by 10-15% a month according to the statistics, so for sure it does not have an exceptional winning rate of 80-90%, however I would still like to test it, what do you guys think?

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  • Blaiserboy
  • Blaiserboy
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Re: Automating a strategy from a successful manual trader

Test it for sure.
After you have optimized it, then tale the lock off the first moving average pair to see what that gives you (leave the chain on)
Then add an indicator slot to see if an additional indicator will improve the results
Keep playing with it until you have something worthwhile

good luck!

Blaiserboy's Website

  • Blaiserboy
  • Blaiserboy
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Re: Automating a strategy from a successful manual trader

add indicators, or let the program choose indicators

You will learn fast by trying things

I think Petko is encouraging you to experiment

Blaiserboy's Website

  • marco
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Re: Automating a strategy from a successful manual trader

Thank you Blaiser I will! If you don't mind I'll let you know how things are going.

Please anyone feel free to comment or add any thoughts.

Have a great day!
Marco

  • Blaiserboy
  • Blaiserboy
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Re: Automating a strategy from a successful manual trader

Please do let us know

We will all profit from your experience

I could have given a couple more ideas but I feel that for you to get started is preferable

By the way... the  one  hour stuff is  available by setting the time frame within the indicator

Good luck!

Blaiserboy's Website

9 Reply by yonkuro (edited by yonkuro 2022-04-06 02:19:34)

  • Registered: 2015-02-22
  • Posts: 430

Re: Automating a strategy from a successful manual trader

marco wrote:

Thank you Blaiser I will! If you don't mind I'll let you know how things are going.

Please anyone feel free to comment or add any thoughts.

Have a great day!
Marco

Hi Marco, Because the TF is M15, I think if you "add entry/exit time filter" the result will be better

BTW which pairs do you use for this strategy?

  • marco
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Re: Automating a strategy from a successful manual trader

Thank you for the tip Yonkuro!

The strategy is theoretically designed for all the main pairs. However I would probably stick to EUR/USD at least at the beginning..what do you think?

  • Blaiserboy
  • Blaiserboy
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Re: Automating a strategy from a successful manual trader

well, when you get it working for one pair, then try another.

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