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.
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Now back-testing your trading plans is now much, much simpler.
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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.
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So, you can turn this:
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"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."
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into this with fxRulesEngine LITE:
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R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy
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or
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R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy,LOT:0.02
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or
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R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy,LOT:0.02,SL:80,TP:120
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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.
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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.
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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.
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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
Â
Now back-testing your trading plans is now much, much simpler.
Â
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.
Â
So, you can turn this:
Â
"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."
Â
into this with fxRulesEngine LITE:
Â
R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy
Â
or
Â
R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy,LOT:0.02
Â
or
Â
R:01,PRICE:1.06940,UP,ONCE
I:01,OpenOrder,Buy,LOT:0.02,SL:80,TP:120
Â
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.
Â
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.
Â
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.
Â
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
Attached File(s)