Announcing fxRulesEngine LITE - totally free and unrestricted

With fxRulesEngine LITE, software for MT4 trading plan, you can automate your trading plans as a series of Rules and Instructions. You can test your plans on demo accounts ('forward testing'); back-test to check trading ideas; and trade live as much as you want.
 
Now back-testing your trading plans is now much, much simpler.
 
fxRulesEngine LITE is totally free for you to trade however you want. However be careful as Forex trading is risky, so please test, test, and test before trading live.
 
So, you can turn this:
 
"I need to watch for the price to cross 1.06940 and then buy, but I've watched for hours and want to go to bed."
 
into this with fxRulesEngine LITE:
 
R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy
 
or
 
R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy,LOT:0.02
 
or
 
R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy,LOT:0.02,SL:80,TP:120
 
where fxRulesEngine LITE can automatically calculate stop loss and take profit settings (using ATR) and lot sizes (from your risk management settings), if you want.
 
fxRulesEngine LITE supports moving Rules based fixed price levels, SMA (Simple Moving Averages) calculations as well as RSI. Also if you register LITE for free you have EMA (Exponential) support as well. Other versions offer more support.
 
I have attached the MT4 software (ex4); Quick Start Guide (pdf) showing how to use fxRulesEngine for forward testing, back testing, and live; and Trading with fxRulesEngine (pdf) to give you a start on building plans for popular trading strategies. I've also uploaded a Comparison chart of features in case you want more.
 
So, have fun and test out those great ideas. Over the next posts I'll upload back-test results for popular ideas like 3 Little Pigs, 3 Ducks Trading System, and others mentioned at ForexFactory using LITE. Other trading ideas will be regularly posted at my site http://fxrulesengine.com​

thanks. im gonna try this one. :-)

Hi bent78 have fun. Please tell me if the Quick Start is unclear. Alex

Here is a simple example of trading resistance zones with hedging using fxRulesEngine LITE. I just picked AUDUSD. I used a free indicator (sr_zones) to identify support and resistance zones. I identified to price levels above and below a resistance zone roughly at 0.74930. The first image is on 4 hourly chart but I checked the daily one as well.
 
I then created a plan to buy at 0.75024 or to sell at 0.74844. In this instance I'll set fxRulesEngine LITE set the stop loss and take profit based on my ATR defaults.as well as size the trade based on 1% risk on available margin. I'm also using automatic trailing stops (base on 4 hr ATR) on whatever is opened. So R:01 is buying rule; R:02 is selling rule; and R:04 is the trailing stop. Also I added ONCE so fxRulesEngine LITE would only buy or sell once. I'll check progress each day.

Also fxRulesEngine LITE is running on a 5 minute chart. Alex

On the plan was profitable...
 
A selling order opened at 0.74832 with a take profit at 0.74366 (lots: 0.21) for a profit of $131.59. Opened at 2016.12.05 20:45:04 and closed at 2016.12.06 10:13:11

I meant this image of the open and take profit positions.