Thread: Trading Station Whats New FAQ - November 2011 Update

What are the new Strategy Backtesting tools?

Strategy Backtesting lets you test strategies and signals against historical prices to quickly find out how strategies or signals would have performed had they been used.

You can now quickly analyze trading strategy and signal performance directly from the platform. The strategy backtesting feature is available from the “Strategy Backtesting” button located on the Trading Station navigation menu or the Marketscope Charts.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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How do I use Strategy Backtesting?

To backtest a strategy:

1. Click on the “Backtest Strategy” button from the Trading Station Navigation menu.

2. The “Backtest Strategy” window will appear. Select the strategy you would like to backtest and then click on “Next ”. For example, let’s use the FRACTAL_ALLIGATOR_SYSTEM(Fractal-Alligator System) strategy.

3. Choose your account parameters and then click on “Next >”.

4. Choose your date parameters and the instruments that you would like to simulate then click on “Next >”.

5. Choose your strategy parameters, trade size, and strategy notifications, and then click “Next >”.

6. Confirm the margin requirements and click “Start” to begin your backtest.

Once complete, your backtest will display key strategy performance metrics including an equity line, statistics, and history.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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Where can I find more strategies?

The Trading Station II platform offers over 15 strategies and signals right out of the box. You can also download over 600 custom indicators, strategies and signals free from fxcodebase.com*.

To learn how to download custom strategies and signals for the Trading Station II, follow these simple steps:

1: Using your web browser, navigate to FXCodeBase.com* or click here.

2: Click on “signals” or “strategies” in the second paragraph at the top of the website.

3: Find the signal or strategy that you would like to use and click on the title of the post. For this example, we’ll click on the CCI Strategy.

4: Find the Download the Strategy section and right click on the file name ending in .lua and save this to a place on your computer that you will remember, such as a folder on the desktop.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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*Links to third-party sites are provided for your convenience and for informational purposes only. FXCM bears no liability for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites' terms and conditions.

How do I load my custom strategy onto the Trading Station II platform?

From the Trading Station II platform:

1. Click on “Charts” from the Main Menu, navigate to “Alerts and Trading Automation”, then “Import Strategies and Alerts…”

2. The “Import Strategies and Alerts” window will appear. Click on “Load”.

3. Navigate to where you originally saved your new custom signal / strategy, select the file, and then click on “Open” to import your new signal / strategy.

4. Click on “Close” on the “Import Strategies and Alerts” window and then click on “Charts” on the top left hand corner of the Trading Station II platform once more. From there go to “Alerts and Trading Automation” and then click on “New Strategy or Alert…”

5. The “New Strategy or Alert” window will appear. Scroll down to the “Other” section at the bottom, select your new indicator, and then click on “OK”. Trader Tip: You can also search for your indicator by typing the file name into the search field!

6. Select your parameters and click on OK to apply your new strategy!

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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What are the new Strategy Optimization tools?

Have you ever wondered what the best parameters are for a strategy or signal? Strategy Optimization lets you test different combinations of strategies and signals to find the best performing parameters. You can now quickly analyze trading strategy and signal performance directly from the platform. The strategy back-testing and optimization features are available from buttons located on the Trading Station navigation menu or the Marketscope Charts.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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How do I optimize a Strategy?

The Trading Station’s new intelligent optimization feature automatically back-tests strategy parameters for the best settings, saving you time in deciding what the best settings are for your strategy. In order to optimize a strategy please follow the simple steps below:

1. Click on the “Optimize Strategy” button from the Trading Station Navigation menu.

2. The “Optimize Strategy” window will appear. Select the strategy you would like to optimize and click “Next”. For example , we will optimize the FRACTAL_ALLIGATOR_SYSTEM(Fractal-Alligator System) strategy.

3. Choose your account parameters and then click “Next”.

4. Choose your date parameters and the instruments that you would like to simulate, then click “Next”.

5. Add parameters to optimize by expanding the strategy parameter drop-down boxes. Click “Next”.

6. Confirm the margin requirements and click “Next”.

7. Set your optimization parameters accordingly and then click on “Start” to begin your optimization.

The complexity of your optimization project will determine the amount of time it will take to optimize that strategy. Once the optimization is complete you can check your results. The best settings and parameters for your strategy for the date parameters of your optimization will be highlighted in green from the “Results” tab.

Please keep in mind that past performance isn’t necessarily indicative of future results.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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How do I search for indicators?

You can search for a specific indicator when you are loading an indicator. To search for indicators, open the Add Indicator window, and type the name or a description of the indicator into the Search field.

For example, if you want to add the Stochastic indicator to your chart, you can type Stochastic into the search field and the list of indicators will automatically filter for indicators with “Stochastic” in the name or description.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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How do I delete all chart elements?

With the Marketscope 2.0 charts, you can now delete all chart elements for your charts with one click. You can remove all the chart elements on your chart by right clicking anywhere on the charts, then going to Chart Elements, and then Remove All Elements.

Trader Tip: The fastest way to remove all chart elements is to use the keyboard shortcut Ctrl + Alt + R. Keyboard shortcuts can be changed from the System option in the Main Menu.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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How do I change my chart data range?

Let’s say that you would like to narrow down the EUR/USD Daily chart to show data for the last month. To change the data range, select the timeframe drop-down menu titled “D1”, navigate to “1 Day”, and select “1 month”.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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What is the Automated Trading and Alerts tab on the Marketscope Charts?

The Automated Trading and Alerts tab in the Marketscope charts is very similar to the “Strategies” tab with some added features.

• New Strategy or Alert… - This will allow you to activate signals and strategies on your platform.

• Configure Strategies and Alerts… - This will allow you manage your active signals and strategies.

• Import Strategies and Alerts… - This will allow you to download and manages custom signals and strategies.

• Import Indicators… - This will allow you to download and manage custom indicators.

• Show Events – This will allow you to activate or de-activate the “Events” tab on Marketscope 2.0, which alerts you of and logs any actions taken by your signals and strategies.

• Strategy Dashboard – This will allow you to configure your options for viewing the “Strategy Dashboard” tab on Marketscope 2.0.

• Backtest Strategy… - This will allow you to backtest a strategy directly from Marketscope 2.0.

• Open Backtesting Project… - This will allow you to open any backtesting projects you have saved in the past.

• Optimize Strategy… - This will allow you to optimize a strategy directly from Marketscope 2.0.

• Open Optimization Project… – This will allow you to open any optimization projects you have saved in the past.

If you have other Trading Station II questions, please post your question on this thread and we will reply with an answer!

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Hi stephen

How shall I upgrade to get all these new features available in my Trading Station II platform. My account based in UK.
Currently Fibonacci Expansion, Horizontal line high/low, freehand drawing tools are not available in my trading station platform
Regards
Jasni

Hi jasni6406,

The updates for the platform should be available in the end of this week.
However you can try the new version right now: the beta version of the platform is available on the FxCodeBase site: FX Trading Station/Marketscope 2011-III Beta (note that the link is available for fxcodebase registered users).
Please also note that the beta version is installed in addition to the production version of the Trading Station. It does not replace the production version, so both version can be used simultaneously, in the same time.

Hi
I want to start multi account to trade flexibly for my clients. Can I convert my own mini account into multi account. What should I do for this. Help me out................

Regards,
Vijay

Hello Trader1018, and thank you for your post! On behalf of myself and everyone here at FXCM, welcome to the forum community!


I would like to manage several accounts through FXCM. How can I do that?

FXCM's referring broker (RB) program allows firms to receive compensation for directing new clients to FXCM. Whether you are a money manager or run a business supporting self-directed traders, FXCM offers customized solutions through our wide range of products and services to fit your needs. What I will go ahead and do is put you in touch with one of our referring broker specialist so that they can get you the best information available and go over all your options with you. We look forward to being in touch with you soon Trader1018!


I would like to refer business to FXCM. How can I do that?

Please click here if you would like more information about how you can refer business to FXCM.


Thank you again for your post Trader1018! Please free to post with additional questions or contact me directly at julius@fxcm.com

Originally Posted by Trader1018

Hi
I want to start multi account to trade flexibly for my clients. Can I convert my own mini account into multi account. What should I do for this. Help me out................

Regards,
Vijay

Why there were no price shown on the level in the Fib. Fan as compared to existing Fib. Retracement?

Thank you.