The new “Export the Strategy as a Custom Indicator” function saves your whole current strategy as a static data filter that can be instantly used as an indicator to allow trades in other strategies.
( Find it in Tools → Custom Indicators → Export the Strategy as a Custom Indicator)
Example:We want to create а trend following strategy that uses a longer time period of the same currency pair to determine the trend. So we'll use EURUSD 1day data to determine the trend and then we'll export the results as a filter and use it on a EURUSD 1Hour data as a trend indicator.
1. First we want to get the general trend (EURUSD 1Day). To do so we create a simple strategy that follows the trend like the one on the picture.
We set our entry rules to ADX > 30 and MACD Line > 0 for a long position. FSB will automatically set the short entry rules to ADX > 30 and MACD Line < 0 (the ADX rule is the same for long and short position because it only shows the strength of the trend and not the direction, we use MACD line to determine the direction).
2. Now we have a strategy that determines the trend and gives signals for its direction. In order to use those signals for shorter time periods we need to export the strategy. To do so we choose “Export the Strategy as a Custom Indicator” from the Tools>Custom Indicators menu and we are asked to name the new indicator we've created. We'll call it “Trend EUR 1D”. Now the strategy is automatically saved in the “Custom Indicators” folder as a custom indicator and is instantly loaded in the indicators list of FSB. 3. Now we are ready to create a new strategy using different time periods but still use the signals we got from the EURUSD 1Day data. To do so we just change the time periods (or the currency pair if we want) and find the newly created Trend EUR 1D indicator in the indicators list and double click on it:
Then we add new conditions and indicators:
Now we have a strategy working on the EURUSD 1Hour data but using EURUSD 1Day data to determine the trend (thanks to the newly created Trend EUR 1D indicator) and use it as an “Opening Logic Condition”. We can use the same method to get signals from different time periods or currency pairs for our strategy, the possibilities are unlimited.