Sure. I'm a professional software programmer with many business clients (companies) for the years. I have found back-testing using Strategy Tester in the MetaTrader very frustrating. Essentially you had to create an Expert Advisor (EA) every time you wanted to test a different strategy. Even tweaking could be tedious and time consuming when you just want to vary some settings like time frames or periods and so on.
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So I wrote software (to be released commercially) for the MT4 platform as an EA that would enable traders to test and trade plans without writing software or without hiring or begging a programmer to help. My software, fxRulesEngine, allows traders to configure trading plans as a series of trading rules and instructions to be executed as back testing or forward testing on a demo account or running on a live account as a traditional trading Robot. The difference here with other Robots is that it's your trading plan.
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Without boring you with the details at this stage, Rules consist of qualifiers that must be true to trigger. A Rule then executes your instructions, such as opening orders, closing orders, trailing stops, and so on. Qualifiers are essentially indicators like Moving Averages, RSI, CCI, Bollingers, and others. I've programmed in over 40 at this staged that can be combined in many different ways. So many mechanical style strategies are easily configured and more importantly easily tweaked for testing. So the three examples above took me about 15 minutes to complete with testing. The time consuming part was capturing the images for the thread. I've also added solid support for risk management and automatic stop loss and take profit management from ATR calculations.
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I'm planning to release fxRulesEngine within three weeks with comprehensive documentation to help traders maximize their use of the software. There will be a free, full functioning version that can be used to forward test on any demo account. However licensing will be needed for back-testing and on a live account. Furthermore I want to set up a separate thread here describing my testing results of popular strategies. All being well that should be later in the week, where I shall also include a pre-release demo copy of fxRulesEngine for experimenting by traders. However any strategies I discuss will be able to traded manually. There would be no locking into my software. So the thread is to add to our body of knowledge on being successful traders.
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Again, I appreciate your asking. Alex
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So I wrote software (to be released commercially) for the MT4 platform as an EA that would enable traders to test and trade plans without writing software or without hiring or begging a programmer to help. My software, fxRulesEngine, allows traders to configure trading plans as a series of trading rules and instructions to be executed as back testing or forward testing on a demo account or running on a live account as a traditional trading Robot. The difference here with other Robots is that it's your trading plan.
Â
Without boring you with the details at this stage, Rules consist of qualifiers that must be true to trigger. A Rule then executes your instructions, such as opening orders, closing orders, trailing stops, and so on. Qualifiers are essentially indicators like Moving Averages, RSI, CCI, Bollingers, and others. I've programmed in over 40 at this staged that can be combined in many different ways. So many mechanical style strategies are easily configured and more importantly easily tweaked for testing. So the three examples above took me about 15 minutes to complete with testing. The time consuming part was capturing the images for the thread. I've also added solid support for risk management and automatic stop loss and take profit management from ATR calculations.
Â
I'm planning to release fxRulesEngine within three weeks with comprehensive documentation to help traders maximize their use of the software. There will be a free, full functioning version that can be used to forward test on any demo account. However licensing will be needed for back-testing and on a live account. Furthermore I want to set up a separate thread here describing my testing results of popular strategies. All being well that should be later in the week, where I shall also include a pre-release demo copy of fxRulesEngine for experimenting by traders. However any strategies I discuss will be able to traded manually. There would be no locking into my software. So the thread is to add to our body of knowledge on being successful traders.
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Again, I appreciate your asking. Alex
