FSB Pro Discussion

[JIE YING FANG]

Hi Guys,
I would like to start a new topic to FSB Pro Traders for open discussion.
I have been using the software since late last year with mixed results (actually no good results at all)
I know that I’m not using the FSB Pro to its’ full potential as the instructions are difficult to follow and so detailed I forget what I’ve watched after a few hours.
Anyway, it’s a great programme and I know there are potential profits there for those who can master it.
So, anybody who would like to join this discussion please do so.
I don’t know where to start, so anybody with any thoughts or experiences with the software please speak up and let the juices flow.

Jie

[Andi]

Hello Jie,

When I took the FSB Pro the first time I was very frustrated too because it is complicated. I think that is why the EA Studio came up to make it easier and simple, but I still have better strategies from FSB Pro..keep in mind that I use it for over 2 years now. Actually now I took 3rd license so I can run it on 3 machines all the time.

Watch the lectures from Mr. Popov that are free, and watch them a few times. The details do matter there.

Also, if you have particular questions, I will answer them.

[Ossaio]

@Jie thanks for starting this discussion. I’m at that point too. I started with FSB Pro instead of EA Studio and have been using it now for over 4 weeks.

@Andi, from your experience, do you get better results when you allow FSB to generate strategies automatically or do you specify some starting opening logic conditions? It seems historical data size affects the strategies generated. How many historical bars do you use to generate strategies with stable results for a couple of months? Do you generate long only, short only strategies or both? In terms of acceptance criteria, what do you focus on? It seems it’s difficult to get strategies with win rate over 70%. Such strategies are often risky with no stop loss. However some strategies may have good net balance but with less than 45% win rate. These strategies win more when they win and lose less amount when they lose. With the above observation regarding win rate, when do you take an EA off, since a seeming good strategy may have 10 consecutive losses but will win big when the market condition becomes right.

[Andi]

Hello Ossaio,

I will try to answer all the questions here about the FSB Pro, I am sure they will be useful for others too.

1. I like to lock some trading conditions before running the generator. Every one of us has own trading logic, and it is good to develop it with the time.

2. On M1 I use 350k bars. On M5 I use 150k bars. I do not think the stable strategy depends so much on the count of bars, but the robustness itself.

3. I think the win rate above 70% is unrealistic. For me everything above 55 is fine. As acceptance criteria, I always use the profit factor and the stagnation.

4. I take a strategy out of the real account when it makes more consecutive losses than on the backtest. For example, if the strategy has 6 consecutive losses on the backtest, and I see that the strategy made 7 on the live, I would remove it. This means that probably the strategy was overoptimized, or it is not suitable for the market anymore.

[Bob Smith]

Interesting FSB Pro discussion here, mates! I am a huge fan of FSB Pro, I have used it now for above one year, and it took me some time to figure it all, and to start creating robust strategies.

I can add to Andi, that you should test all different options, as generating EAs without any locked rules, then such with locked rules, and compare the results.

When you compare two systems, always use the same currency and the same timeframe. This way you will have a better idea which choice of method is better.

[JIE YING FANG]

Hi Guys,
What is the difference when creating strategies between locking & linking?
Yie

[Viktor Isaak]

Hey Jie,

Locking is when you generate strategies. When an indicator is locked, it will remain in all generated strategies. Linking..first time I hear it 🙂

[Ossaio]

@Andi, Thanks for the insight. Using consecutive losses to determine when to take an EA off seems a great idea. I have large historical bars, more than twice your numbers. So, generating strategies sometimes can be challenging. I often inspect the data to make sure it contains all market conditions. My plan is to generate strategies with 5 years of data and another set of strategies using 2 years of data and then compare them in demo account to see how long they can remain profitable.

@Jie, When a slot is locked, the whole indicator is locked including the initial settings or parameters. However, linking an indicator slot allows the generator to change the parameters but will not remove the indicator.

[Roman]

I too have struggled with FSB, haven’t really used it in over 6 months due to my laptop practically crashing when I do (purchased December 2017). EA studio however has given me a lot of insight on what kind of strategies I like to use. Once I get my new PC up and running in the next month, I’ll be abusing FSB to try and duplicate similar Acceptance Criteria I like in EA Studios. I would recommend turning your attention to EA studio for now, figure out what search styles you like (since it’s way faster than FSB) then transition back to FSB for the higher robustness strats you can find there. This is currently what I’ve been doing myself. Buenas Suertes!!

[Petko Aleksandrov]

Hello Jie,

Ossaio gave you the right answer. Here a bit more:

Locking – it will lock the indicator and its parameters, so the generator will just add other indicators to make it complete strategy. It will not change anything with the locked indicator.

Linking – when you link an indicator, the generator will keep this indicator in all strategies but it will change the parameters of this indicator.

Both are very useful if you find the right way of using them.

[Petko Aleksandrov]

Ossaio,

I would really appreciate if you share in the forum your results from comparing the 5 years data with the 2 years data.

Try to make the strategies similar, as same currencies, time frames, etc. so the results will be more accurate and concentrated just on the length of the Historical data.

[Andi]

Hello Ossaio,

What I know from Petko is that when you use too huge Historical data with FSB Pro, you will lower the daily profits. But keep us updated on how it goes.

[Ossaio]

Sure I’ll share my experience when I get there. It’s still a long way from here since I’m only concentrating my efforts on the 5 year dataset.

[Andi]

Ossaio, when you say 5 years do you mean only one time frame or you are doing 5 years on all time frames?

[Ossaio]

Andi, yes 5 years on all time frames. I wish there was a script to export the CSV data based on starting dates. I have to manually modify the script for each time frame.

[Author]

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