Forex Strategy Builder is an entire solution for building and testing, Indexes and Forex trading strategies. It is free to use and distribute. Forex Strategy Builder's user friendly interface allows you to create and back test a profitable trading system with just a few clicks.You can profitably build a market strategy without having skilled technical analysis or programming skills. Using market rates dates back to the 1980s, it quickly calculates statistics and creates charts for the whole trade. You can simply create and test perplexing trading schemes using a wide variety of indicators and logic rules that allows almost infinite combinations. For financial analysts and enthusiasts, following up on the market, trading algorithms play an important role in getting the most out of the market. The strategies enable you to determine when to enter and exit the market based upon specific rules. Such rule-based strategies are devised by keeping a close eye on a large number of technical indicators and trends like price patterns to achieve huge profit. There are a variety of trading styles available online, but most of them cost you money and you would require third-party tools to verify their impact. It is a major utility that equips you with over a hundred technical indicators and extensive analysis tools that allow you to create, modify and assess the impact of your trading strategies through back-testing based on relevant historical data.Here are some feature;
1. Forex Strategy Builder looks within the current time frame using all shorter data periods to produce a realistic market back test.
2. It also measures the most constructive sequence of parameters for the selected indicators, plots the average result balance between all possible market scenarios (while protecting the strategy from curve-fitting), shows the price fluctuation inside each bar, and recognizes all the ambiguous bars in the back test. Custom indicators and out of sample testing is also available.
3. It administers you with all you need to quickly perform an in-depth technical analysis. Once done, you can export your strategy to get feedback from other experienced investors.
4. It provides you with a feature-rich admix while creating a new strategy as an XML file for data maintenance and manipulation. It is classified into various categories displaying data both graphically and numerically.
The Market Statistics section highlights the currency, symbol, time period and updating details while the Indicator Chart illustrates the market trends, qualitatively. Equivalently, bar details are standardized in a tabular format indicating opening times, amount, average price, direction, spread, roll over, commission and more. You can also switch between numerous scenarios between, pessimistic, optimistic, shortest and nearest analytical standpoints. The strategy is established on indicators located in particular slots (such as the Opening Point of the Position, Opening Logic Condition, Closing Point of the Position and Closing Logic Condition).
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