Forex Strategy Builder Pro Moves To A Higher Level Of Strategy Development

Several new features in the next release to enhance your trading strategies.

Forex Strategy Builder Pro Joins The Ranks Of The Best

For several years the developer of Forex Strategy Builder has been advancing his project to produce excellent trading strategies.

The project is just about ready to reach maturity. In a couple weeks he will be releasing a final version of the program which will outperform any of the competition by quite a bit.

Check out a couple of the new features on the rest of this post.

I do not know of any common software that will develop a strategy on ten or twelve instruments simultaneously to the degree that this one will.

All system developers are concerned with the robustness of their system, Forex Strategy Builder measures several metrics to ensure robustness.

Monte Carlo is required by many developers and now Forex Strategy Builder Pro has Monte Carlo built in.

These are tremendous advances in this software.

I will outline a couple of these features:

Data Download:

This feature allows a developer to download fresh data immediately before starting his tests, no more downloading from Dukas or Mt4, merely start the download and get excellent quality data for each time frame, in other words, forget the patchy data provided by Mt4 and having to use alternate software to get good data, a tremendous time saver.

Robustness:

In order to provide the ability to develop robust systems, the developer has created the ability to be working with strategies for many instruments at once. In other words, robustness is going to be easy to achieve due to the number of instruments in the portfolio.

Monte Carlo:

Great care has been taken to make sure this feature can offer randomness in many ways. As you can see in the picture there are eight areas that can be randomized at once.

Walk Forward:

Walk Forward in Forex Strategy Builder has always been easy and very fast, as fast as you can enter the dates for the walk forward period, the results are available. The developer will soon incorporate a new Walk Forward method but not for this next release.

Forex Strategy Builder Pro is well worth a long look if you are serious about developing trading strategies.

Top 25 Forex Opinion Leaders

 Necessary for our trading strategies to work is information. Information as to what works and what does not work and also we need to know what may be happening in the market place. Fortunately for us as traders there are people who research and develop great content  and make this available to us on their sites.

Here is a list of great authors created by TradersDNA, these people are influencers in their area of expertise and I wanted to share this great list with you today.





Seeking Alpha: Top 25 Forex Opinion Leaders - Traders DNA ...
http://www.tradersdna.com Tue, 28 May 2013 08:00:34 GMT
Staying informed and making sure that you are as knowledgeable as possible about the markets is one of the cornerstones of any Forex trading strategy. However, with so much information and noise out there, how do you know who you should be listening to? Sometimes, it can pay to tap into the wisdom of crowds, to see what other traders find to be the most useful and profitable sources of information.
In the fast forward and ever changing world of digital and social media all industries are seeing an increase of the importance of personal branding and specially thought leadership. Forex Trading is as well an industry that as it grows needs value creation thought leaders. Influence is the gold of the present times as influencers can change and lead the way companies go and the way the markets go and act. In Forex the right influencers can reach big audiences and advice them in their trading activities and how to use platforms, trading instruments and Forex brokers.
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Bill Williams Chaos Trading Strategy Part 4 (automation)

Hopefully this is the post in the series that is going to generate some great interest in the Bill Williams trading strategy.

I will demonstrate how Forex Strategy Builder can take these three indicators, the Alligator, the Awesome Oscillator and the Gator and make them into a trading system that generates some excellent money, fully automated.




I want to show you how this started out and then take you through the progression. First, perhaps notice in this pic the number of variables for the Alligator, each indicator in FSB has a few variables that are used in exploring for a solution to the strategy

This pic shows the starting layout, I started the run with the three indicators and you will notice a little chain link on each of them...., the chain link ensures that those indicators are included in all of the calculations while the variables inside each are combined to create a test trading strategy.

For this task I have been running FSB for a couple hours and it has generated hundreds of trading system solutions, most of them are trash, the system will retain 100 of the best ones for me to examine. Up until now the systems has created close to 400 solutions and done close to 125,000 iterations

Now we can have a look at whatever solutions have been saved and try to determine if any of them are good enough to use as an ea. First we will look at the solutions saved in what is called the repository.

As you will see in the picture below, on the left side are several metrics that we can sort by and on the right side is a listing of the results, in this pic they are sorted by the balance.

By using the sort keys on the left and then examining the resultant list that shows up we can quickly determine if we want to further examine a particular result.

This pic shows that the program added a couple things to achieve the results shown above for the solution that is shaded blue.

I point out that the Out Of Sample for this test is set at 35 % and we can see that there were few good trades in the OOS period, therefore this one will be discarded.

So far we have had a look at the beginning stages of developing this strategy which we are ultimately have trading on a real account. I think you have seen that there can be a lot of possibilities with Mr Williams indicators.

As the generator produces more results and better results I will make another post and we can examine more results.

Stay Tuned.!