FSB Pro Discussion

[Petko Aleksandrov]

Petko, I was thinking the same recently, the better the software gets, the more careful we should be. All updates recently made EA Studio amazing and it is even hard sometimes to believe the speed it generates strategies. The optimizer there is lightning. FSB Pro is slower but I see that it works fantastic as well so I keep the round numbers, Monte Carlo optimization and as well I do the trick you taught in some of the courses to change manually few parameters and see if there is a dramatic change.

[Petko Aleksandrov]

I think this is why there are the robustness tools, exactly to check if the strategy goes to over-optimization. They updated recently the Walk-Forward with the segments just to see if the strategy is optimized too much or not.

Bob, can you make it clear, please, what trick from Petko you are talking about? I have missed it…

[Petko Aleksandrov]

Hello Thapelo,

I think what Bob was talking about is the manual robustness check you can do even with the MetaTrader backtester.

When you are ready with the backtest, just change some of the parameters with a small step as 1-2 points and do the backtest again. If you see a dramatic change in the Equity line, that gives a sign for over-optimization. Basically, we do the Monte Carlo manually 🙂

[Andi]

Hello fellows,

I wanted to know if someone created strategies with FSB Pro using different indicators for the different time frames. For example, if we trade on M5 using RSI, is it ok to place MACD on M15, CCI on H1, and MA on H4.

or is it better to keep using the RSI on all time frames may be with different parameters?

[Roman]

@Andi- I’ve been experimenting using the next two higher timeframes. So if Entry is on the M15 I use M30 and H1 trending following indicators. I think the magic is in locking indicators we understand and giving the builder  2 or 3 additional slots to filter the logic on the entry timeframe. I used to use RSI looking for it to be in extremes on the oversold or bought but trying catch reversals like that is tough. Hard to wait for the stars to align on multiple tf’s if that’s what you’re asking.

Just recently i turned my attention to indicators i use in my discretionary trading to tell the builder what direction i want it to go (since that’s when i’d be hawk eyeing the market for an entry), then letting it filter out the false signals on its own.

[Petko Aleksandrov]

Hi Roman,

thanks for the replay. Yes, I have been experimenting for quite a long time now with the FSB Pro and I am just looking for the right way to go. EA Studio brings me great EAs with simple rules but I just know that with FSB Pro I can create great EAs… I just feel it 🙂

Can you give some details about your discretionary trading?

[Roman]

Hola Andi,

When I started learning how to trade back in 2016 I gravitated to the higher timeframes. With my first mentor my focus became using Ichimoku and trading on the D1 since I could come home from work and place trades during Asia and them trigger during EU and US sessions. So with her I learned how to follow trends. As i learned price action I gravitated towards simple MA’s, Volatility and Support/Resistance zones on the higher time frames to guide my  intraday trading. With our EA’s, using the 3 can be tough. Trend indicators can help filter us into the correct direction, support and resistance levels are hard to quantify, and then decide what timeframe you really want to rely on for those levels. Also What is going to be your SL and TP ranges as well?? But lately I’ve been moving towards trying to find ways to catch price action movements along with the overall trend on an intraday level. So to make a long story short, I’ve started to ignore support and resistance and concentrating on capturing the overall trend and volatility/price action. At the end of the day “Follow the Money”. With most Indicators being lagging we miss most of the action and then get chopped around during the market changing directions. I’m far from perfect in my approach but with the tools we have FSB is starting to give me a lot of hope towards my goal of full time trading lol. Sorry for the story book, have had a few glasses of whiskey already.

[Roman]

To be transparent as i was in my “lessons from live post”. I’m just now finally working my way into positive account growth (almost 6 months into the year…) Luckily i’m not “losing” money anymore as i was before, my EA’s have gotten much better. With discretionary trading its hard to stay consistent when you work 9 hours a day, then have to entertain a spouse, so i was never making “real” money. FSB and EA Studio have given me the consistency I lacked by watching the markets for me 24/7. I have a few Studs that I’ve generated on GBPJPY with EA Studio, but I’m too heavy in that pair. What i’m trying to do is shift my attention from EA Studio (as much as i love the automated process the reactor provides) and shoot for the “smarter” EA’s that FSB can give with multi timeframe analysis. The possibilities are almost limitless if you can figure out what the heck your fundamentals on the EA will be….

[Petko Aleksandrov]

Hey Roman,

Cheers, mate! I am just in a small glass of whiskey after work. Glad to hear you are doing profits for the last 6 months.

I succeeded to become profitable in 12.2017 after having the EA Studio and FSB Pro 5 months earlier. Since this time I had one month just -17 pips which I consider as a Break Even. However, before that I had a lot of losses, struggling between manual and algo trading, but Petko answered pretty much all my questions in his courses and some 1:1 sessions.

Regarding the lagging indicators, I listen again to Petko, and I create more EAs on M1 chart with higher time frames filters. This way we can catch some of the moves before they are gone.

Your story is somehow motivating, because you had a piece of good basic knowledge, and now it is just a matter of time how you will apply it in FSB Pro.

I do combine EA Studio and FSB Pro and trying to stay with 50:50 of the EAs created with both programs.

Same with you, FSB Pro

[traderbsgold]

Hello traders,

recently I took the FSB Pro license and I am so happy with it. It looks like a fantastic software for EAs and even I have some experience in programming I do not need to code.

This topic is very interesting and I learnt a lot from it.

 

[Petko Aleksandrov]

The FSB Pro will give you a lot of possibilities and you will learn trading while you are using it. Especially if you try to build some strategies as Expert Advisors you will realize how many are not working… I mean all of these strategies that are being taught online will fail as EAs, and you will see that in the backtest of FSB Pro. This way you will learn much more for the trading, and for combining indicators in order to get a decent strategy.

[Van]

Petko is absolutely correct. When I took the license of FSB Pro I planning to automate all of my strategies. I found that they were not really as profitable as I thought. Anyway, I succeeded to correct them in a way to get a good EAs. Added some indicators, optimized some of the parameters, and found how to improve them.

Of course, after that, I generated 100s others which were better. But yes, FSB Pro helps you realize that most of the manual strategies do not work.

[Petko Aleksandrov]

You are very correct here, Van! This was the same with me at the beginning, I spent a few months trying to automate my strategies, and then I started to use the generator and make actually some profits 🙂

[Petko Aleksandrov]

At the end of the day, I am happy being at the right place now, using the right tools 🙂

[Petko Aleksandrov]

This is why traders are buying the strategy builders normally, so automated their manual strategies. But the real value of EA Studio and FSB Pro comes exactly with the generator. This is the tool that gives us the freedom to trade so many EAs.

[Author]

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