Editor's review
Forex Strategy Builder is a freeware CFD, Indexes and Forex strategy back tester with a complete visual interface. It provides tools as a scanner, an optimizer and an automatic strategy generator. It includes one hundred technical indicators.
Features: Forex Strategy Builder is a strategy back tester for forex trading. It lets you create a trading strategy through a automatic strategy generator. The strategy generator in turn uses technical indicators and some built in rules to simulate the trading process from historical trade data. You have several tools available that makes the strategy as high quality as possible. An optimizer, a bar explorer and interpolation methods comparator are the tools that let you check the strategy for maximum profit. This application is a complete solution for testing CFD, indices and trading strategies. The program combines most common methods of technical analyses and a variety of technical indicators. Almost 100 indicators are used for the strategy development.
You are able to build a strategy successfully even if you do not have the technical analysis skills or any programming knowledge. The program uses historical trading data dating back to the 80`s and creates necessary stats and charts for a trade. The back tester recognizes the pitfalls of developing a strategy and doing a backtest on that. It can identify the ambiguous bars easily and can find average balance line between possible market scenarios. The application is being constantly modified based on feedback from users. When not on the real market you should test all the strategies or combinations of technical indicators so that you gain insights into the way the strategy development works. Forex Strategy Builder is compatible with Microsoft Windows 98/Me/2000/XP/Vista. NET Framework v2 or newer is required. The program is free to download and use, you do not even have to register it.
Overall: This indeed is an excellent program that does the stated purpose really well. Biggest feature is it is free to use and distribute as well.
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