Your first strategy
Write it, read it back, run it.
Would you rather describe it? Type what you want in plain English in the editor. When the text reads as a description and not as code, a Convert to AlgoBarsX button appears and writes the script for you.
- Open the Terminal in AlgoBars and start a new strategy. You get a working starter script, not a blank page.
- Replace it with the script below. It buys when a fast average crosses above a slow one, risks 1% of the balance with a 25-pip stop and a target of twice the risk, and closes everything on the opposite cross.
strategy "EMA Cross"market: EURUSDbars: 15minput fast = 20input slow = 50when crosses_above(ema(close, fast), ema(close, slow)):buy risk: 1%, stop: 25 pips, target: 2Rwhen crosses_below(ema(close, fast), ema(close, slow)):close_all- Open the description tab. The compiler reads the script back to you:
What this script says
EMA Cross is a strategy that trades EURUSD on 15-minute bars.
You can change 2 inputs: fast (default 20) and slow (default 50).
When the EMA of the close over fast bars crosses above the EMA of the close over slow bars, it buys at market, risking 1% of the balance, with a stop 25 pips from the entry and with a target 2R from the entry.
When the EMA of the close over fast bars crosses below the EMA of the close over slow bars, it closes all trades.
- Press Run. A small panel asks what to test on: market, bars, bar type, how far back (1 week to 1 year), lot size and starting balance. The market and bars come filled in from your script, so you are confirming, not retyping.
- You get results, a report, a chart and a replay. The replay plays the finished test back so you can watch each trade open and close and the balance move. Every run is kept under versions with the code that produced it, so you can always go back.
- Change
fastor the stop and run again. Nothing is lost by trying.
About the numbers. Backtest results are hypothetical. Fills carry no spread, commission, fees, swaps or slippage (execution rule E12), so live results will differ. Past performance does not guarantee future results.