Thanks to this advanced utility, users can build and test Forex trading strategies. Moreover, it is possible to work with a considerable number of data sources.
Forex Strategy Builder
Forex Strategy Builder is a program for Windows that empowers you to create a customized trading approach tailored to your preferences and chosen broker markets. Leveraging comprehensive technical analysis and advanced instruments, it dissects forex trading strategies.
Design and test strategies
To create a plan, you can start by setting up an account. It is possible to choose your preferred currency, either USD or EURO, and specify the initial investment amount. You also have the option to set the leverage ratio, the data source and exchange symbol.
When it comes to constructing your strategy, you can start with several preset demo samples. The catalog includes MACD Reversal, Ichimoku Kinko Hyo, Trading the News, Bollinger ADX, Optimizer, Comparator, and more.
Add data sources
For additional assistance, the software comes with FSB Demo data and a collection of historical information in CSV format. Once you are comfortable with the intelligence materials necessary to establish a data source, you can add a new one by providing its location.
Balance and indicator charts assist you in determining the amount of capital available for trading to achieve a positive outcome. Trade journals present insights into price trends and optimal trading times. To simulate the exchange market, you may try another utility called Forex Tester.
- free to download and use;
- compatible with modern Windows versions;
- enables you to create a Forex trading strategy;
- you can add a vast number of data sources;
- there is an option to use demo samples.