Visual Backtester, Generator and Optimizer of Forex Strategies of Forex Trading Money




Forex Strategy Builder is a good platform for creating, testing & analyzing tradings strategies for the forex market. It provides an easy way to build a forex strategy by combining various technical indicators. All the necessary parameters and logical rules can be selected from the list, and you don’t have to write formulas or program code.

Forex Strategy Builder software uses real forex data to perform backtesting of various forex pairs or time periods and calculates the real results of the strategy. It provides detailed graphs and statistics, and an automatic journal showing all transactions and positions, as well as changes in your virtual bank account.

At startup, the Forex Strategy Builder program loads the default strategy New.xml with the strategy’s historical market data, calculates tests and displays the information in charts and tables. The program recalculates the test every time there is a change to some element, which could affect the result.

For example, if we change the symbol of an instrument, data period or some indicators, then Forex Strategy Builder will immediately perform the necessary calculations and display an excellent chart. This means that we always load data and provide a calculated strategy. There is no need to press a button to make the program calculate the strategy. It does this automatically.

In general, the logic of the strategy is determined by the technical indicators located in the indicator openings. This is the rectangular slot in the center of the screen:?:. You can change the strategy by changing the indicators, the rules for which they apply, or the criteria. You can also add new slots or delete existing slots.

We need to pay special attention to two main points:

First, note that the only logic for long trades is the entry in the indicator slot. You don’t need (and you can’t) enter logic for sell trades. Forex strategy builders do this automatically. For example, if you want to open a long position when the market price reaches the upper limit of the Bollinger Bands and another short in the lower band, simply select Bollinger Bands using the logic “Enter long at the Upper Band”.

This is enough for the program to perform the necessary logic in both directions. The Forex Strategy Builder software always executes what we set in the long position slots and automatically determines the mirror logic for the short positions.

Second, note that the slots are of different types and each pointer performs a specific task depending on the slot it is placed in.

In general, there are four types of openings:

Position opening point: This is where the price for opening a new position is set. Therefore, only indicators showing prices can be placed here. The indicators are Moving Average, Bollinger Bands, Donchian Channel. Indicators such as the RSI, for example, cannot be placed here because the RSI does not determine the price at which a position can be opened.

Opening Logical Conditions: This slot presents logical conditions, all of which must be met in order to open a position in a certain direction. For example, if we put the Momentum indicator here and define a “Momentum Up” logic, this strategy will allow us to enter long trades only when the Momentum indicator is up, and short trades when the Momentum indicator is down.

Position Closing Point: This is where the indicator that determines the position closing price is placed. Again, only indicators that determine the price of concrete can be placed here.

Logical closing conditions: This slot is only available if the closing point of the position slot contains a bar closing indicator. Their task is to close the position if one of the logical conditions specified in it is met. These openings can be one or two. If at least one of their logical conditions is met, the position will be closed. This differs from “conditions for opening reasoning” where all conditions must be met at the same time.

Forex Strategy Builder also provides a strategy maker that allows even beginners to create strategies with the click of a button. After creating a strategy, you can read the detailed description in the overview. Experienced traders use generators to add more indicators to their existing strategies and improve their trading.

Another unique feature of the forex strategy maker is the Intrabar Scanner. The goal is to ensure that the backtest resembles the actual price movement as soon as possible by loading all available timeframe data. The intrabar explorer allows you to check the price movement within each bar and see the exact trade order during that time period.

The Strategy Optimizer can be used to adjust indicator parameters for maximum profit but this often leads to over-optimization andn we don’t recommend using it for real trading purpose.n we don’t recommend using it for real trading purpose.