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In this topic, traders shall post general questions and comments about FSB Pro.
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Hello everyone
and thanks for paying attention to my question!
I am newbie who has chosen FSB and Metatrader for systems building and trading but I ran into a problem for which I need a little bit of outside help:
For the creation of a robust system I need a lot of 1 minute intraday price data to train the system – maybe 10 years of 1 m intraday price history. Since I suspect that no MT4/MT5 broker offers such a long price history I decided to use a 3rd party data feed like DTN Iq feed, eSignal and IB TWS for the training data which I can easily download in the form of a CSV file and train the system on it in FSB. But then the trading system must use the same 3rd party data feed inside MT4/MT5 for the generating of the trading signals because if the system is applied on another data feed (the brokers one) the trading signals will be different and maybe wrong due to the difference between the brokers data feed and the 3rd party data feed.
So my questions are:
1. Is there any direct or indirect way (through a bridge application) that makes it possible for MT4/MT5 to accept (to integrate) a 3rd party data feed like the above mentioned for live charting in real time so that a trading system that is trained on that 3rd party feed can also be applied on the very same feed for the generating of the trading signals in real time ?
2. In the same regard I want to ask if anyone knows of a MT4/MT5 broker who offers intraday data for forex, index, stocks and futures that goes several years back ?
3. Also in the same context – Can MT4/MT5 be setup to read a CSV file from disk automatically every 30 seconds or at least every 1 minute and display this price data as a substitute for the brokers data feed ?
Regards
Christian
Hello Christian,
the best thing you can do is to test and compare the backtest of one strategy using your broker’s data and the 3rd party data that you can.
When you import them both in FSB Pro, open any strategy and just switch the data source and see if a huge difference will be there on the equity chart. If yes, the data is different and it is not a good idea to use it. If it matches then you are fine.
The data is a headache. As far as I know, they are preparing now such data feed which will be very detailed and will be updated to EA Studio(not sure for FSB Pro).
Petko shows in one of his courses how he collects the data for FSB Pro. Let me have a look which one was the course…here it is:
Forex strategy course – Portfolio trading with 12 Expert Advisors
I followed that process and it works fine for me. Recently I am more on EA Studio and the Reactor but I run the generator sometimes in FSB Pro.
Hi, I am new to the forum and have used EA Studio for a short period of time. I am wondering if it is possible to set entry criteria with multiple timeframe. I know it is possible in FSB but cannot find the same in EAS. Thanks.
Hey Thomas,
No, for the current moment it is not possible to create EAs on multiple time frames like in FSB Pro.
Test the FSB Pro, there is a trial period as well, and see if you will be able to generate or create the strategies you need.
Cheers,
Hi, I am trying to understand how much of a complicated strategy can it do?
1. look for a trend when 2 MA are going up.
2. when the price goes below a MA, place a pending BUY STOP order above the previous highest close, and STP below the lowest low.
3. if MA crosses, cancel order.
4. move stop up when price gets to a certin level.Hello Kfir,
Such strategies you can create with FSB Pro.
However, our experience showed that more complicated strategies do not necessarily bring more profits.
Give it a try, but compare with the simple strategies that EA Studio generator will show you and see which one will bring you more profits 🙂
Hey, just wondering any guide or course how to use FSB? I have a little of coding skills and I code some EA, just wondering how to add strategy to FSB, cause it is just keep loading.
Hi tremosor,
You can find guides from the developer on Youtube, as well as their website.
Petko has indicated that he will be developing a course for FSB Pro, but there is no confirmed timeline just yet, as he is currently updating all of his existing courses, as well as recording new crypto trading courses.
Cheers,
Ilan
Hi Mustafa,
In this explanation I will use EURUSD as an example.
The suffix is simply the name of the chart. For example, a broker has a chart that is plotting the high, low, open, and close, for EURUSD. The broker can name the chart anything it wants but the chart is still plotting EURUSD. So the fact that the name of a chart has a suffix attached to it doesn’t mean the currency being plotted is different, it is still EURUSD. Having said this, any EA for EURUSD created by FSB or EA Studio, will trade properly when attached to any chart plotting EURUSD no matter what name the broker gives the chart. So, to answer your question FSB doesn’t need to attach a suffix to the end of the EA it creates and will function normally when attached to any chart, no matter the name of the chart, as long as the currency pair being plotted is the same as the EA created by FSB.
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