Create a Trading Strategy With Forex Strategy Builder

This great tool is easy to use for creating a strategy. I am going to outline some of the preliminary steps to show how to develop a trading strategy and test for success.

Here is the opening screen.

You can see that I have selected EURUSD 15 minutes and 50,000 data bars. We need a good number of bars to ensure that our strategy has some validity.

The next step involves selecting an indicator around which to base our strategy. In this instance I will select RSI (for no particular reason).

Here is a picture of the indicator selections screen.

And here is RSI Selected.

As you can see the journal has already calculated entries based on the aspects of RSI. We will disregard those results for now but it is very interesting to see how the journal will reflect all of the changes we may make with the indicator(s).
In the next pic you will see that I have added a Macd and I will also select  something for the opening point of the position. For this example I am going to select HeikenAshi.. I will also add something for closing the position. I will use the Awesome Oscillator.  You will see in the pic the indicators that I selected, and, as well, you will see that the loss is about $13.00 per day.

Now we are set up to evaluate this potential strategy, I will use the 'generator' for a few minutes to test its merits. To ensure that the indicators stay where I have them, I will 'chain' them . You will see the arrows pointing to the 'chain'

I have started the generator and will take a pic of its progress after a few minutes and we can see what it may be showing as a potential strategy.
This pic is taken after about 360 iterations and you will see that the strategy is profitable, even though there are three serious losses that have to be investigated and corrected.

You can see that the generator has tried a Weekly Close and that the daily earnings approach about $56.00 daily.
Here is one more pic showing a portion of the journal and also some interesting statistics on the right hand side.

Briefly, this has shown some of the preliminary steps in developing an automated strategy with Forex Strategy Builder. As you have seen, this is very simple software to use and it gives some great results.

Considering that this is free software, no serious trader can afford to be without it.

I did a further optimization, 152 iterations and the profits are much greater as you will see in the pic below. Note also, no losing trades..!!

A new result - the generator has done about 650 iterations and now the daily income has increased by a huge amount. Have a look and see that the daily income is close to $300 daily - and we have spent no time at all on coding, in fact, the setup took only a couple minutes and we have a system with great profits.

Forex Strategy Builder Result

Interesting Results

Forex Strategy Builder is an excellent program for developing strategies. This afternoon I set it to run while I went out for a while and when I got back to the screen there was a system with a huge account growth.

Check out this graph:

I have not  had a chance to test this strategy as the markets are closed for the weekend, for sure I will have it running on a demo on Sunday evening when the Asian markets open.

I just wanted to pass this result along, perhaps you want to download Forex Strategy Builder and develop some strategies of your own.

Have a nice weekend.!!

July 5.

The results I posted above are just what came from the 'Generator', for interest's sake I am going to use the 'Optimizer' to see if results can be enhanced. Below is a picture of the optimizer before I start. This could be an interesting optimization.

                                                                 

Below is the result of the first optimization and you can see that the end result is a significant increase in the profits.

I will do a further optimization and see what that may yield.

Here is the final optimization, I don't think there will be much more to gain without serious curve-fitting. You can see a 25 percent gain between the first and last. This demonstrates the power of the software, and, as you can see, this tool will allow you to create some excellent trading strategies.

Multi Expert System TRADING WAY

In the coming days I will be making posts about this system which uses only one indicator based on price action - the Price Channel.

I have had some excellent results using this system on a manual basis and am about to run it on an automated basis using this EA The Multi Expert System Trading Way.

You can click on that pic to make it larger, and you will see that this system allows a trader to operate 12 charts at once from only this screen.

I will begin to post some more details to show the capabilities of this great trading tool.

Here is a video prepared by the author of this software, it demonstrates some of the powerful aspects for trading

By adjusting the controls a user can easily develop several trading strategies with this advisor

Trading Strategy Based on Bill Williams Alligator (Chaos) System

I am using the strategy generator included in Forex Strategy Builder to generate this ea and as you can see, the results are quite impressive.

The ;win/loss' ratio is 1.00, the Sharpe Ratio is 3.93, not bad for an automated strategy, especially considering that the out of sample is 30 per cent.


I will post the numbers below for you to have a look at.

It took only three hours for Forex Strategy Builder to generate this EA....., I just set up the indicators I want to use and let the generator seek the values it can use best.

Should you look at MyFxBook, you will see that few of the robots listed there have as good numbers as this one.

You can download this software, there is a free version on the site that will do exactly what I have done here and you can quickly develop several great trading strategies.

You will find this to be a most valuable tool to have available.

Download here   Forex Strategy Builder

Here is a description of the indicators used

Here is the download link  for this free software 

Forex Strategy Builder

I will be posting more results from different systems that I develop as days pass, stay tuned.!

Analyze Your Metatrader4 EA Completely

EA Analyzer

Strategy Quant has prepared what I believe to be an excellent program for dissecting every aspect of your EA to allow you to get better and better results.

Really simple to operate this software, you need only enter your backtest results or your trading records using copy and paste or the saved Mt4 report and then work with the various screens available.

Built in are a vast number of metrics that will give you a bird's eye view as to the effectiveness of your strategy.

You can even isolate the days and hours of the week in which the strategy performs best.

Monte Carlo simulation will show you a worst case scenario and it is developed in mere seconds.

'What If' screen will you give a multitude of choices for analysis.

There are so many great features to this program.

You can have a free trial, it is fully featured and will show you some amazing information about your EA.

Download the free trial at EA Analyzer

Bline System

The Bline System was created by Buffy a couple years ago and represents a very simple and yet effective method of catching price action and making profitable entries. As a trading strategy this is a visual approach and excellent.

The significant area of this approach is the use of stochastics to illustrate potential entries and exits.


The 'Bline' is the magenta line in the first lower chart and it gives a very good indication of trend. Both of the stochastics charts will indicate entries and divergences and will confirm what is showing in the Macd.

This system does not miss much in the way of trades and with the multiple time frame approach is well worth learning. As a trading strategy I would estimate that the 'Bline' system, with some screen time, will stack up well against many other manual systems.

I have used this system on many different currency pairs over the years and had good results. I was fortunate enough to be able to learn the entries while in the trading room that Buffy used.

Forex Trading Strategies

Forex Trading Strategies abound, there are manual strategies and automated strategies and there are many variations of each.

The purpose of this blog is to have a look at several strategies of different kinds, to present variations and hopefully the articles will be of some benefit to the reader.

One of my interests is the software Forex Strategy Builder, which have been using for a few years to generate strategies for autotrading. Automated trading suits my personal preferences, particularly because the European open comes at a time that is awkward for me.

I have prepared numerous trading robots for use on Forex charts and have had some relatively good success with them. As you will see on other pages in this blog I like to experiment with trading strategy development by using certain indicators and combinations.

In addition to developing my own strategies I am quite interested in seeing what other people value and use. I will be sharing on a regular basis any systems or literature that I come across.

Hopefully you will find items  of interest on the blog, be sure to have a look at the different pages.

Here are a couple more very popular videos about trading strategies