Forex Strategy Builder Professional is our ultimate product. It provides a forex strategy editor, automatic generator, optimizer, Expert Advisor exports to MT4. Generate strategies automatically for Forex trading · Create strategies manually and automate them · Define entry and exit logical conditions · See the results of. Professional platform for generating and analyzing advanced strategies. Supports MetaTrader 4 and MetaTrader 5 netting accounts. Forex Strategy Builder. LAS PALMAS VS GRANADA BETTING EXPERT TIPS
Some of its features: Advisors are designed for the MT4 trading platform. It is a free forex trading robot builder this is an advantage and it can be easily found on the Internet. It takes a few minutes to install software, but there are some problems with the compatibility of operating systems. I believe the reason is in Windows. Forex Strategy Builder: overview of functions and capabilities of Forex Strategy Builder Professional The first you should start with is to select the language.
You can do it in the View menu. The next step is to download the forex rates history in the main window of History Center. There three ways of importing historical data: importing server data files, importing MT4 files the rates are loaded automatically there , or importing data files from JForex terminal. It is important that the quality of forex rates rates accuracy, no dates are skipped and so on determines the EA efficiency, in particular the difference between the trading on the historical rates and on the real trading account.
Import FSB Demo data. You import the FX rates historical data from the developer server. The quality of data is not the best here. They stress the good quality of their historical data that you can import in System Creator. You import historical data from the website into a separate folder and enter its address in the forex strategy builder.
The Forex strategy builder supports the direct import and conversion of data from the native HST files used by MetaTrader4. In theory, this way is the best, as it implies that a trader has already responsibly approached choosing the FX historical data and downloaded them into the platform. You should base on the FX rates of the broker, you trade with. The broker that provides trading terms and conditions and where you are going to start your Expert Advisor.
The strategy builder limits the number of bars in the history by 1 million. The interface is quite user friendly, the location of menus and windows is very convenient. All enabled functions History Center, strategy templates, new strategy builder and so on are opened in separate tabs that are under the main menu. Pay attention that there is a tab with the Demo strategies in the above figure, the list of which can be seen in the right window.
They are already complete demo strategies based on standard indicators, included by developers. This is done so that the user can see how the complete program looks likes. They are called by clicking on Strategy Explorer button in the settings line menu with pictures. In the left window, there is a supplementary menu, whose items change according to which main window is opened.
For example, in the above screen, the main window is the new strategy window, and the additional settings in the Editor section on the left. I will describe them in more detail later. There are some more helpful functions: You can correct an open code. That is, if you know the MQL programming language, you can improve the created advisor, adding your own methods of risk management, trailing stops etc. There are also various journals in Forex Strategy Builder. In the strategy itself left sub-menu Review in the above figure , Journal is the statistics of the transaction records for the finished strategy: transaction, direction, lot size, margin, etc.
At the bottom, there is Trade journal. It is the output log, which displays information about what the user is doing, errors, etc. There is a similar function in MT4. Account settings It should be done before you start working. Profile settings command opens the Control Panel, where you can set some parameters of the profile.
Here, you need to create a new profile by clicking on the corresponding button in the left sub-menu. Next, you enter the Profile name and description. Go back to the General tab. Next, you click on the new profile in the Active profile section. There can be as many profiles as you wish. The reasons may be different. For example, distinguish between radically different types of forex strategies. Control Panel includes the following tools: Backtester.
It provides an opportunity to close a position on a Margin Call, to make the testing more realistic. The second point allows you to operate on shorter periods. That is, if the strategy is designed for hourly periods, then periods of M1-M15 are used for testing.
I recommend switching on both options. Both options are supplementary and refer to an informational one. The first, in addition to the main growth line, displays similar statistics separately for long and short trades. To understand whether a forex trading strategy works at all, this is not necessary. That is, both short and long trades should yield roughly equal profits. It makes some sense to tick the second option as well. It also includes supplementary functions, whose aim is clear from the title.
It is up to you whether to switch them on. Proxy types are set individually. We have studied the General tab. Now, go to the Data Sources section the icon is under the Profile tab in the left window. Here, you need to add your data source. I think, everyone, who trades in the forex market, has their data sources.
There is also an opportunity to download the sources from MT4 or a special file that you need to create first , but we are not interested in these options. The next step is to configure your account. In the left panel Control Panel you go to Account tab. In the Active profile, you again select the created profile, in the given example, it is LiteFinance. Next, you set the parameters of the account: min deposit, account currency, leverage etc. You can choose the information display in currency or in points.
And the final step is to click on the Update button, to update all the FX rates from the Internet. In general, you enter all the inputs you already have on your real account. In the Symbols tab, you can add any positions that have updates exchange rates, set the swap for long and short positions, lot increment. You can set the number of symbols, following the dot; it is correctly set by default.
Ito get the test conditions as close to the real ones as possible, you can add a slippage parameter. Where you can take all these values from? From the broker you are going to trade with. Because of different starting trading conditions, the same forex trading system with the same parameters may perform different results.
It means it will be working in one case and losing money in another. For example, it may enter trades too late due to re-quotes, or the spread for the instrument will prevent you from reaching the target profit.
That is why, an Expert Advisor is usually developed for a particular broker, where the trader learns the data on quotes, spread and so on. Data Horizon. This dialogue window serves to set the max and min number of data bars, as well as the number of ticks inside the bars. You can also set the start and the end dates of the testing period. Unfortunately, but all the time ranges have are strictly limited so that you can develop strategies on the timeframes from H1 and longer.
Custom Code. Forex Strategy Builder provides access to external resources, a kind of database, storage for all the basics. In this tab, you can go to this database and get access to dozens of already complete strategies. Does a trader, who is developing an own trading strategy, need it? It is a rhetorical question. But what you may really need is supplementary indicators, different from standard one. So, click on the Go to indicators forum link.
When you got to the Forex Strategy Builder official website, click on the Repository button that redirects the user to the section of manual trading strategies and indicators. You click on the Indicators tab in the page menu and choose the indicator you are interested in. The greatest difficulty is with the description of the indicator properties and settings. So, if you have found nothing about the indicator, try other ways to import indicators to the FSB.
However, indicators, provided on the FSB developers site, are compatible with the forex strategy builder, but there may be problems with compatibility of the tools, imported from other resources. This is a snapshot of the tab, showing the indicator from FSB site. The tab with general information is now opened.
Next to it, there are two tabs with the open code in two versions, according to the programming language, that you can get acquainted with without downloading the tool. If the indicator suits you, download both versions. A brief description of FSB folders. It stores all the additions to the strategy builder.
In the original version there is only one account statistics file, which can be corrected if you know programming. Those who are just starting to learn how to create forex Expert Advisors do not need to change anything here. You past historical data, the strategy will be based on, there. If have already clicked on the exchange rates update button, they will be stored in the folder. It is the folder with indicators Libraries. It contains indicators already compiled.
It stores the same data that is displayed in the FSB journal, that is the history of actions. MT4 Files. Using it, you can operate with an EA on the real account via MT4 directly with the forex strategy builder. It contains strategies that you downloaded if you did from the developers' site, your strategies and demo strategies of the forex strategy builder.
It is the system folder, where you can add language that is not in the strategy builder list, or you can add some of your own unique words. There, you can correct the strategy builder modules, their visual display and so on. But you can do it only provided that you know the programming language and understand how the software works. To display the downloaded indicators in the forex strategy builder indicators list, click on Update user indicators.
Test user indicators is also a useful function; here, the constructor checks the correct work of the indicator sometimes, the indicator is displayed in the list, but it may have a failure in the code. Acceptance criteria. We again return to the Control Panel. This tab contains the risk management criteria of your future strategy. You can specify a maximum drawdown in currency or percentage points, minimum and maximum number if trades and so on.
You can switch off the positions at all if you think that they will distract you. The next tab, Trade Settings, provides an opportunity to specify the size of slippage, when opening and closing the orders, depending on spread. Auto Start is the tab for creating the script that will be run the EA on the platform automatically. You need to enter the name of the strategy into the box and past the EA into autorun.
Historical data import All information on data download is in the Historical Center menu that was described above and where you start creating an Expert Advisor. Of the interesting tabs is Data Statistics. It displays everything that is used in a particular strategy running: exchange rates statistics, number of bars and so on. This one of the informational spaces that can be used for the analysis of an EA performance.
For example, the snapshot above displays the statistics on EURUSD currency pair in the daily timeframe it is also reported by the journal at the bottom of the screen if you switch on its display. Intrabar Statistics. It is a helpful tab that allows you to assess the exchange rates data quality. If for some reason a period of time was not included into testing, this information will be displayed in the Data Download Error window.
Building a new forex trading strategy When you have configured everything, imported FX rates data, created a profile and an account, you can go on to create a trading strategy. Click on the New Strategy tab and start building your forex trading system.
Pay attention to the Builder mode that is now active the menu is on the left of the red box in the figure below , and the Editor tab is opened it is highlighted with blue as an active tab. First, you enter input parameters in the tabs that are highlighted with the red box in the screenshot.
You select the profile, data source, asset, timeframe and the interpolation method. For example, if you have an open position and in the range of the same bar, you have set a take profit and stop-loss orders, and they are both available in this bar. If you are using the pessimistic method, the strategy will directly execute the stop-loss order, optimistic — take profit.
Shortest Executes the orders in such a way, so it creates the shortest possible route between the way points of the bar - Open, High, Low, Close and all orders in the range. The Nearest method will execute the order that is closer to the current price. When there is not enough data to know which order the backtester should execute first, the Random method will execute the orders in a random fashion. Strategy tab opens in the main area of the program. It holds a strategy and provides all tools for editing, exploring, testing and trading a strategy.
Double click on the Strategy Properties with your scroll button. Strategy properties are grouped into three blocks: First block contains the entry amount and the maximum trade volume Second block contains optional entry conditions. For example, to add one more position, if the first one yields a positive return. Or, if it yields a negative return building a grid, forex grid trading strategy. You can reduce the current position, or close it if there are certain events.
It provides a forex strategy editor, automatic generator, optimizer, Expert Advisor exports to MT4 and MT5, strategy analysing and more. During the trial period the program works on full power with all features and tools enabled. Continuous Learning You can continue learning and testing the program when the trial expires, however you can export expert advisors only after purchasing a license. System Requirements CPU: a modern 4 cores processor.
RAM: 8 GB or more. Software Requirements: Supported OS: 8, 8. NET 4. MetaTrader 4 or MetaTrader 5. Free Access for Testing A License Required for exporting experts, after the expiration of the day trial. Forex Strategy Builder Professional comes with a lifetime license.
You receive all future updates and upgrades for free for the lifetime of the product. See what out clients say! Hope you don't mind if I add my 2 cents I have a lot of software experience -- including developing indicators and EAs. And I'm relatively new to FSB. And since I came from the world where the focus was indicators then that is how I first approached FSB.
But then I read something that Blaiserboy wrote -- the FSB model is about statistics, and not indicators. And then a light bulb went on. I've discovered that FSB is a joy to use when you simply let it do its thing. I let it generate a bunch of strategies without worrying which indicators are included. And then I go through the Collection and pick out the ones with the best stats.
I'm much more successful creating EAs now that I learned not to fight the tool but, rather, simply take what it gives me since it gives a lot. Sleytus I am happy with my approach extremely low risk , and many of the strategies are excellent - FSB is a fantastic software, I can't thank you enough for creating it! I am currently active trading with more than 40 strategies for a few months, and am having very exciting success so far.
Adam Dorr I have just started a free trial yesterday, 24 hours back and I have already loaded an EA into MT4 and a winning trade has also been generated. Amazing software and really fantastic support with Mr Popov so wiling to help. I have also taken a free trial with another software and even after a week not able to understand anything The whole experience is fantastic! Pradeepgolfer I normally program and test an expert for about two months on MT4.
I do this for 2 days with the Strategy Builder. It saves me a great amount of time.
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And export data to CSV files, which you can find on the official website of the software company, or you can drop us an e-mail at info forexacademy. And we will send you the scripts. When you copy the scripts, you need to go to file, open the data folder, and place the FSB data source file in MQL4 scripts.
And paste it together with export data to CSV. After that, close the folder and refresh scripts. This way, you will see the scripts below. The next step is to drag Forex strategy builder pro data source over your chart: You will generate the information for all the symbols of your Meta Trader.
In this case, I have symbols. You are producing all the information as swap, spread, commissions if your broker has, and so on. After that, go to file, open the data folder, and go to MQL4 and files. Then copy this data source file and paste it in Forex Strategy Builder Pro. Where exactly do you need to place it?
Go to File and click on the user files folder. After that, click on system and paste here the data source file. Make sure to close Forex Strategy Builder Pro when you are pasting the data source file. After that, reopen it again and what you will see? You will have the information for all of the currency pairs on your Meta Trader.
Just go to symbols, and you will see all of the symbols with the digit size, the point value, minimum lot, spread, swap long, swap short and commission if there is one with your broker: The next thing you need to do, go back to Meta Trader and drag over the chart, export data to CSV file for the currency pairs that you want to export the historical data. I have exported the historical data for these 5 symbols.
This way, you will force Meta Trader to load as maximum bars as possible on the different time frames. This is essentially important. So, you will have substantial historical data for your broker. This is because the first file that we have placed all the symbols with is giving a signal to the second script where the data are stored.
If I click to open new strategy you will see that I have the very recent data for the EURUSD symbol and if I do it on M15 you can see this is just the current hour now: This way, I have exported the historical data for each symbol that I would be trading on, and this is very important before you create any strategies or Expert Advisors to work on the historical data from your broker.
There are many functions in Forex Strategy Builder Professional. The first one is the editor. Here you can automate your existing strategies by adding an initial logic condition and adding a closing logic condition. If I click on that, you will see that I have a variety of indicators. More Forex Strategy Builder Pro has custom indicators. If I select a momentum period of 20, you can see that I see the results immediately on the moment. This saves a lot of time for the traders to test the strategies on the demo account because whatever strategy you have, you can place the entry conditions, and you will see the results immediately.
Even you change the parameters, you will see the result. As well, if I place a closing condition, for example, the alligator you can see that by chance I have a strategy that is profiting during the last months and I have selected these opening and closing conditions randomly: The idea here is that we are saving so much time to see if a strategy is profitable or not.
Whatever parameter of the indicators I change, I will see the results immediately. After that, by one click, I can export this strategy as an Expert Advisor. And this is the unique thing of Forex Strategy Builder Professional. We can export hundreds of strategies just with one click of the mouse because we have the option to export all strategies for Meta Trader 4 or Meta Trader 5. The next powerful tool is the generator. The generator works on the historical data that we have predefined for the asset.
If you click on the control panel and you go to data horizon, you can increase the maximum data bars, and the maximum setting is 50 How you can increase the 50 is if you go to file, and then you open again the user files folder, you click on system and you will need to go to the data source file that you have imported. And use, for example, notepad to open the file. When you go to the bottom of the file, you will see maximum bars make it, for example, As well, make the maximum bars limit and make maximum intra bars That is a good number even you are trading on the M1 chart.
Make sure you close the Forex Strategy Builder Professional before you save this file. After that, close the folder and select to save it. We open the Forex Strategy Builder, Professional, and you will see that already I have bars is maximum data bars. Now, if I open a strategy again, I will show you the other possibilities with Forex Strategy Builder Professional below, you can see the generator. The generator is a handy thing I can say: The smart intellect behind the Forex Strategy Builder Professional Because I can generate strategies based on the data that I am having and more, I can predefine some rules.
For example, if I add some indicators, I can lock it as in this case that I want to enter the market at the beginning of the bar. When I click on start, you will see how quickly the generator is working,, and already, I have strategies into the Forex strategy builder collection. I have a lot of software experience -- including developing indicators and EAs. And I'm relatively new to FSB. And since I came from the world where the focus was indicators then that is how I first approached FSB.
But then I read something that Blaiserboy wrote -- the FSB model is about statistics, and not indicators. And then a light bulb went on. I've discovered that FSB is a joy to use when you simply let it do its thing. I let it generate a bunch of strategies without worrying which indicators are included.
And then I go through the Collection and pick out the ones with the best stats. I'm much more successful creating EAs now that I learned not to fight the tool but, rather, simply take what it gives me since it gives a lot. Sleytus I am happy with my approach extremely low risk , and many of the strategies are excellent - FSB is a fantastic software, I can't thank you enough for creating it! I am currently active trading with more than 40 strategies for a few months, and am having very exciting success so far.
Adam Dorr I have just started a free trial yesterday, 24 hours back and I have already loaded an EA into MT4 and a winning trade has also been generated. Amazing software and really fantastic support with Mr Popov so wiling to help. I have also taken a free trial with another software and even after a week not able to understand anything The whole experience is fantastic! Pradeepgolfer I normally program and test an expert for about two months on MT4. I do this for 2 days with the Strategy Builder.
It saves me a great amount of time. Dylan Cote Even the high priced software will have trouble matching this one. FSB Pro may already offer the most features of any of the similar software, no matter the price!! It has been a tremendous evolvement indeed.
Latest FSB Pro is far beyond my expectations. Several years ago I couldn't even imagine that I can run such a great software in my computer. Zenoni I just want to congratulate you on your brilliant feature called "Strategy Generator". This is what separate your software from all your competitors Cuong Truong Get the Best of Forex Strategy Builder Professional Generate Forex Strategies Use the Strategy Generator to get your hands on limitless number of profitable strategies in minimal time.
You can set a variety of strict acceptance criteria so only the best generated strategies will be collected. Manually Create or Edit Your Strategies The Strategy Editor allows you to create and edit strategies manually within a smooth graphic interface. You will be able to create and edit your strategies without writing a single symbol of code - it's all easy to use forms and buttons. Although we have achieved an exceptional level of EA quality, we are continually working to improve it and keep your trading flawless.
Optimize Your Strategies The Strategy Optimizer collects potentially good strategies based on a strategy you choose. It gives you full control over what parameters of the strategy to optimize and provides you with real Out of Sample testing too.
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Thus, using this 3 days strategy a professional trader can be cautious about the trade he makes and can make the best possible trades to make a profit. The current market opens at 1. Since the opening of the market is at buy trend you can afford to initiate a buy trade there and can set your target at 1. Then you can initiate buy at 1. You can right away initiate a sell trade at this point and can set your target at 1. The program is getting frequent updates with bug fixes and new features.
Out of Sample Testing Build a Porftolio of Strategies It lets you monitor your compound strategy performance with various statistics, real time chart calculation and clear stagnation period indication. A collection of strategies allows you easily review tens of strategies at a time, sort and filter them by criteria you find relevant. We make sure you can export strategies that use those indicators as Expert Advisors.
Technical Indicators Get a Ton Of Extra Online Resources We are keeping an online repository of custom user-made and developer-made technical indicators, strategies and addons. You can download those from within the program without even needing to load the website.