Strategy Builder User Guide

MOLANISSTRATEGYBUILDERV3.
1
UserManual
Molanis
Wehelptraders!
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supportinEnglish,French,andSpanish.
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MetaTraderisatrademarkofMetaQuoteswww.metaquotes.net.
MolanisStrategyBuilder|UserManual
TableofContents
MolanisStrategyBuilder3.1......................................................................................................................... 5
OVERVIEW ................................................................................................................................................... 5
FEATURESANDBENEFITS ................................................................................................................................. 5
MINIMUMSYSTEMREQUIREMENTS ................................................................................................................... 6
INSTALLATION ............................................................................................................................................... 6
LICENSE ........................................................................................................................................................ 6
GRAPHICALENVIRONMENT ............................................................................................................................. 7
MAINMENUS ................................................................................................................................................ 7
FileMenu............................................................................................................................................... 7
EditMenu.............................................................................................................................................. 8
ViewMenu ............................................................................................................................................ 8
FormatMenu ........................................................................................................................................ 9
TradingBlocksMenu............................................................................................................................. 9
TradingDiagramMenu......................................................................................................................... 9
HelpMenu............................................................................................................................................. 9
TOOLBAR .................................................................................................................................................... 10
TRADINGDIAGRAM ..................................................................................................................................... 10
ConfigurationBlock............................................................................................................................. 11
TechnicalAnalysis ............................................................................................................................... 15
LogicBlocks ......................................................................................................................................... 17
ExecuteOrderBlocks........................................................................................................................... 17
CloseOpenPositionsBlocks ................................................................................................................ 18
NotesBlock.......................................................................................................................................... 19
EndBlock ............................................................................................................................................. 20
ConnectingBlocks ............................................................................................................................... 20
TradingFlow ....................................................................................................................................... 20
TradingPaths ...................................................................................................................................... 20
MovingAverageStrategy ................................................................................................................... 22
GLOSSARY .................................................................................................................................................. 25
LICENSEAGREEMENT ................................................................................................................................... 26
MolanisStrategyBuilder3.1
OVERVIEW
MolanisStrategyBuilderforMetaTraderprovidesahighlyintuitivegraphicalenvironmentwith
acomprehensivesetofpredefinedtradingblocksthatletyoudesignexpertadvisorsandforex
signalsinminutes.Nocoding,programmingorMQLknowledgeisrequired.
The click, drag and drop approach of Molanis Strategy Builder allows you to create visual
representations of forex trading strategies and signals as you would with pencil and paper.
These trading diagrams are analyzed automatically by Molanis MQL code generator that
transforms them into ready to use expert advisors. The interactive graphical environment
simplifiesthedesignprocessandeliminatestheneedtowriteMQLcode.
Normally,tocreateanexpertadvisoryouhavetwooptions:1)Youlearn
MQL4 (MetaQuotes Language Version 4) or in the near future MQL5, and

spendalongtimewritingandreviewingcode;2)Youhireaprogrammerand
shareyourtradingideas.
MolanisStrategyBuilderisthethirdoption.Yourbestoption.Itgeneratesall
the MQL code for you meaning you can focus solely on the forex strategy
andnotonthecoding.
FEATURESANDBENEFITS
9 MolanisStrategyBuilderisfullybasedonavisualenvironmentratherthanthetraditional,time
consumingcodingprocess.Itallowsyoutocreateexpertadvisorswithoutwritinganycode.
9 Reduce the Learning Curve, instead of focusing on learning programming languages like MQL,
justfocusonyourtradingideas.
9 Molanis Strategy Builder is targeted at nonprogrammers or programmers that want to
dramaticallyreducethedevelopmenttimeofforexstrategiesforMetaTrader(ExpertAdvisors).
Building forex strategies with Molanis Strategy Builder is so easy and intuitive that non
programmerscanstartcreatingexpertadvisorsinminutes.Noprogrammingskillsarerequired.
9 Easytounderstand.MolanisStrategyBuilderprovidestherightbalanceofcommonsensevisual
tools,whichwillquicklyenableanyonetounderstandanytradingdiagraminminutes.
9 LeadingEdgeCodeGenerationcreatesalltheMetaTradervariablesforyoutotestandoptimize
yourexpertadvisor.
9 Designedtoallowexpertadvisorswithmultiplecurrenciesandmultipletimeframes.
9 Withminimumeffort,itcanbeusedtocreateForexSignals.
9 Fastdevelopmenttime.Youcanbuildyourownexpertadvisorsinminutes.
9 Keepyourtradingideastoyourself.Noneedtoshareyourknowledgewithprogrammers.
9 GivesyouaccesstoMolanisOnlineCommunity,MolanisForumandfreeexpertadvisors.
MolanisStrategyBuilderisprobablythemostadvancedgraphicenvironmentavailabletodayto
create expert advisors. With just a few clicks, you can create complex forex trading strategies
and transform them into fully functional expert advisors. Whether you are new to forex, a
professional trader or a MQL programmer, you can use Molanis Strategy Builder to rapidly
developpowerfulexpertadvisors.
MINIMUMSYSTEMREQUIREMENTS
TosuccessfullyinstallanduseMolanisStrategyBuilder,youmusthave:
WindowsXP,Professional,Server2003or2008,Vista.
PentiumIVcompatible2GHzprocessor,1GBofRAM,20MBofdiskspace.
Java1.4orhigher.
MetaTraderTerminal(Youcandownloaditfromhttp://www.metaquotes.net/terminal)
INSTALLATION
OnceyouhaveverifiedthatyourPCmeetstheminimumsystemrequirementsrunMolanisSB3
installer.
Duringtheinstallationprocess,itisrecommendedthatyouread,understandandagreetothe
termsandconditionsunderwhichMolanisStrategyBuilderisreleased.
During the process you will be asked for your license information. Type your First Name, Last
Name and your License Key. The License Key is provided to you via email when you purchase
MolanisBuilderStrategy.PleasenotethatBetaVersionscomewithaBetalicensesothisstep
maynotbeincludedintheprocess.
LICENSE
MolanisStrategyBuilderisprovidedunderalicenseagreement.Acopyofthisagreementcan
befoundattheendofthisdocument.
Afreetrialdownloadthatrunsfor10daysisavailable.Thistrialhasonlyafewlimitations.Most
notably, you cannot see the MQL code of your EA. You will receive all the .ex4 files, fully
functionaltotrade,backtestandoptimize.InordertoseetheMQLcodeandallMQ4files,you
mustbuyMolanisStrategyBuilderandactivateyourlicense.
GRAPHICALENVIRONMENT
MolanisStrategyBuilderhasbeendesignedtobeintuitiveandeasytouse.Tocreateaforex
strategy,justdragtradingblocksfromtheTradingBlockLibraryanddropthemintoaTrading
Diagram.
MAINMENUS
Themainmenuislocatedundertheprogramheadingandhasallthecommandsandfunctions
youneedtobuildyourforexstrategy.
FileMenu
Thismenuincludescommandsforcreatingnewfiles(.molfiles),storingyourforexstrategyand
printingoptions.
New
Createsanewtradingdiagram.
OpenFile
Opens an existing strategy (.mol file) already created in Molanis Strategy Builder.
The initial installation comes with a basic moving average strategy but additional
freestrategiescanwefoundatwww.molanis.com
Savesthecurrenttradingdiagram.
Save
SaveAs
Allows you to save your trading diagram with another name and/or in another
folder.Italsogivesyouthepossibilityofsavingyoutradingdiagramasanimage.
Print
Printsthecurrenttradingdiagram.
ExitsMolanisStrategyBuilder.
Exit
EditMenu
Thismenuincludescommandsthatwillhelpyoumodifyyourcurrenttradingstrategy.
Undo
Reversesthelastactionexecuted toyourtradingdiagram.
Redo
Redothelastactionexecutedinyourtradingdiagram.
Cut
Removesthecurrentselection.
Copy
Createsareplicaofyourcurrentselection.
Paste
Pastetheselectionyouhavealreadycutorcopied.
Delete
Removesyourcurrentselectionfromthetradingdiagram.
SelectAll
SelectalltheTradingBlocksinyourcurrenttradingdiagram.
ViewMenu
Grid
Rulers
Zoom
ZoomIn
ZoomOut
Page
Width
ActualSize
Turnsthegridonandoff.Acheckmark()nexttothefunctionindicatesthatthegridis
visible.
Turns the rulers on and off. A check mark () next to the function indicates that the
rulersarevisible.
Increases or decreases the size of the current trading diagram to a fixed percentage:
400%,200%,100%,75%,and50%
Increasesthesizeofthecurrenttradingdiagram.
Decreasesthesizeofthecurrenttradingdiagram.
Showsthecurrenttradingdiagraminonepage.
Adjuststhecurrenttradingdiagramsizetothewidthofthescreen.
Showstheactualsizeofthecurrenttradingdiagram.
FormatMenu
Theformatmenudisplaysformattingoptions.
Text
Includesthefollowingfunctions:
FontColor:ChangestheFontcoloroftheselectedtext
Rotate:Rotatestheselectedtext.
Position: Move the selected text to the desired position within the trading
block.Horizontalposition:top,middleorbottom.VerticalPosition:left,center
orright.
Connector
Showsformattingoptionsforconnectingarrows,suchasLineColor,Linewidth
and dashed or continuous line option. Line types include Straight, Horizontal,
andVertical,Curve.
TradingBlocksMenu
Showsthedifferentoptionsthatallowyoutoorganizethetradingblocksinthetradingdiagram.
ToBack
Positiontheselectedtradingblockatthebackofothertradingblocksortext
boxes(Notes)
ToFront
Align
Positiontheselectedtradingblockatthefrontofothertradingblocksortext
boxes(Notes)
Alignstheselectedtradingblockstothedesiredposition.Horizontal:left,right,
center.Vertical:top,middle,bottom.
TradingDiagramMenu
ValidateDiagram
GenerateMQL4code
MiniDiagram
Grid
Checks the consistency of the trading diagram. It alerts when trading

blocksaremissingconnectionsorchangesonparametersareneeded.
Creates the code of the forex strategy to be used with MetaTrader.
Twofilesarecreated,oneMQ4(code)andoneEX4(compiledcode).
Showsaminimizedversionofthetradingdiagramatthebottomleft
cornerofthescreen.Acheckmark()nexttothefunctionindicates
thattheMiniDiagramisvisible.
Changesgridstyle:gridsize,gridcolor,andgridtype.
HelpMenu
OnlineHelp
MolanisCommunity
TakesyoutoMolanisStrategyBuilderhelppagethatdescribestheproducts
features,tradingblocks,andprovidesexamplesofcommonforexstrategies.
ConnectsyouwithMolaniscommunityforumatwww.molanis.com/forum
ReportBugorRequest
Enhancement
SoftwareUpdates
Allowsyoutoreportbugsorrequestnewfeatures
ChecksforthelatestreleaseofMolanisStrategyBuilder
BuyMolanisstrategy
Builder
AllowsyoutobuyalicenseforMolanisStrategyBuilderat
www.molanis.com
LicenseInformation
Showslicenseinformationandexpirationdateifapplicable
AboutMolanisStrategy
Builder
ShowstheversionofMolanisStrategyBuilderrunning
TOOLBAR
TheToolbarprovideseasyaccesstothemostfrequentlyusedoptions.
Tip:Ashortdescriptionofthefunctionappearswhenyoumovethemouseovereach
icon
Thefunctionsthatyouwillfindinthetoolbarare:
FileOptions
EditOptions
FontOptions
FormatOptions
New,Open,Save,Print
Cut,Copy,Paste,Delete,Undo,Redo
Fonttype,Fontsize,Bold,Italic
Textpositioning,FontColor,LineColor,BackgroundColor(fortext
boxes/Notes)
ViewOptions Zoom
TRADINGDIAGRAM
Atradingdiagramisagraphicalrepresentationofatradingalgorithm,forexstrategyorexpert
advisor. It shows the flow through a trading decision system. Trading diagrams are made of
tradingblocksthatareconnectedtocreatecomplexforexstrategies.
Tocreateatradingdiagram,youonlyneedtoaddthetradingblocks,set
theirconfigurationparametersandmakethenecessaryconnections.
MolanisStrategyBuilderincludesanumberoftradingblocksusedwhenmodelingatrading
strategy.Theseinclude:
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ConfigurationBlock
START
Tradingblockthatindicateswheretheforextradingstrategy
starts.TheSTARTiconalwaysappearsatthetopofthe
tradingdiagram.
TheSTARTtradingblockallowstheforexstrategy(Expert
Advisor)setup.Ithasthreemaingroupsofoptions:
a. GeneralOptions
b. TradingOptions
c. MoneyManagementOptions
ToaccesstheconfigurationoptionssimplydoubleclickontheSTARTtradingblockand
youwillbepromptedwiththefollowingscreen:
When the Expert Advisor code is generated, the options on the START trading block are
transformedintoMQLvariables.ThismeansthateachvariableintheSTARTtradingblockhasan
equivalentvariableonMetaTrader.
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a. GeneralOptions
OPTION
AccountType
DESCRIPTION
SelectyouraccounttypebetweenMicro
andStandard.
ExecutionMode CompletedBars:Executioneverytimea
fullbariscompleted.EveryTick:
Executioneverytimeatickisreceived.
ExecutionType
eMailMode
PlaySound
Trade:Allowstrading.Alert:Doesnot
allowtrading.Instead,itshows/sends
emailswithalerts.
Sendsemailswiththeorderexecution
informationand/orwarnings.
Playsasoundwhenorders/alarmsare
executed
VARIABLEONMT4
IsMicroAccount=True
Defineifaccountismicroorstandard.True
meansyouraccountisMicroAccount.False
meansitisaStandardAccount.
CompletedBars=True
Defineexecutionbybarsorticks.Truemeans
EAisexecutedeverytimeafullbaris
completed.FalsemeansEAisexecutedevery
timeatickisreceived.
TradeOrAlert=False
Defineexecutiontype.Trueallowstrading,
FalsesendsAlerts.
SendMailMode=False
WhenTrue,TheEAsendsemailswithorder
executioninformation
PlaySounds=True
PlaysasoundwhenTrue.TheMT4variable
MySoundallowsyoutochangethesoundto
beplayed.
ForexSignals:Turnyourexpertadvisorintoatooltoadviseyouofmarket
changes and trading opportunities. Just change the Execution Type option
fromTradingtoAlertandyourexpertadvisorwillsendyoualertsinsteadof
trading. Alerts include sounds, a standard MetaTrader popup alert, and
emails.
b. TradingOption
OPTION
TradingTimeFilter
DESCRIPTION
Allowstoopen/closepositionsaccording
toaSERVERtime(hour)filter.IfON,you
needtosetTradingHoursStartand
TradingHoursEnd.
VARIABLEONMT4
UseTradingTime=False
IfTrue,tradesonlywhen
tradingtimestart<hour<
tradingtimeend
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OPTION
TradingHoursStart
TradingHoursEnd
Buy/Sellorders
includeTP/SL
MaximumNumber
ofPositions
NumberofRetry
AttemptsforOrder
Execution
DESCRIPTION
EAtradesonlywhenSERVERtimeis
betweentradinghoursstartandtrading
hoursend
i.e.Totradefrom9amto4pmTrading
HoursStart=9andTradingHoursEnd=16
VARIABLEONMT4
TradingTimeStart=9
i.e.9=9am
SomebrokersrequirethatyourBuy/Sell
ordersdonotincludeTP(TakeProfit)/SL
(StopLoss).Theseareaddedlater.
Controlsthemaximumnumberof
simultaneousopenpositionspercurrency
pair
NumberoftimestheEAretriesto
executeanorderwhenservererrorsare
detected
OrderIncludeTPSL=True
IfFalse,ordersareopenedandlater
TP/SLisadded
BuyColor
Colorusedfortheiconthatidentifiesbuy
ordersontheMetaTraderchart
SellColor
Colorusedfortheiconthatidentifiessell
ordersontheMetaTraderchart
Automatically
AdjustSL/TPto
ServerAccepted
Levels
AdjustsTakeProfit(TP)andStopLoss(SL)
levelsabovetheminimumlevelallowed
bytheMT4server
TradingTimeEnd=16
i.e.16=4pm
MaxNumberofPositions=1
Allows1openpositionpercurrency
pair
MaxOrderRetry=100
Ifthereisanerrorexecutingorders,
thescriptretriesMaxOrderRetry
times
BuyColor=Green
Colortoidentifybuyorders
SellColor=Red
Colortoidentifysellorders
AutoAdjustSLTP=True
ToturnOn(True)/Off(False)auto
adjustment.AdjustsSLtothree
timestheminimumSLallowed.
c. MoneyManagementOptions
OPTION
DESCRIPTION
Maximum
PercentageatRisk
Allowstosetamaximumpercentageof
yourequityatriskperposition.IfON,you
needtosettheMaximumPercentageat
RiskValue
Maximum
PercentageatRisk
Value
Avalueof2=2%meansthatanyposition
thatriskmorethan2%ofequitywillbe
adjustedto2%reducingthelotsize
VARIABLEONMT4
UseMaximumPercentageatRisk=
False
Turnson/offmaximumrisk
condition
MaximumPercentageatRisk=2
i.e.maxsizeoftrade=2=2%of
equity
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OPTION
DESCRIPTION
RewardRiskRatio
Usedtodeterminethelevelofriskina
trade.IfON,youneedtosetRewardRisk
RatioValue.
RewardRiskRatio I.e.RewardRisk=TakeProfit/StopLoss.If
Value
RewardRisk=3andTakeProfit=30pips
thenStopLoss=30/3=10pips.Youmake
30pipsperwinningtradeandlose10pips
perlosingtrade.
LotManagement
Lotmanagementreducesthelotsizeafter
oneormoreconsecutivelosses.Youneed
toselectthelotmanagementtypeand
reductionfactor.
LotManagement
Type1:Lotdecreasesbyequation[lot
Type
(lot*numberofconsecutivelosses/Lot
ReductionFactor)]
Type2:Lotisreducedusing25%steps
(75%,50%,25%)
LotReduction
i.e.Whenlot=10,consecutivelosses=2
Factor
andLotReductionFactor=4,reduction
equationgivestheadjustedlotsize=10
(10*2/4)=5
VARIABLEONMT4
UseRiskRatio=True
Turnson/offriskratio
RiskRatio=3
i.e.RiskRatio=3meansthat
TakeProfit/StopLoss=3
UseLotManagement=True
Turnson/offlotmanagement
LotManagementType=1
1setsType1,2setsType2
ReductionFactor=4
Formoneymanagement,lotis
reducedaccordingtotheequation:
lot(lot*numberofconsecutive
losses/ReductionFactor)
AdditionalMT4variables:
EAName,itsvalueissettothefilenameofyourstrategy(.molfile).
Slippage,setat3pips.
PairVariables,MolanisStrategyBuilderautomaticallycreatesvariablesforeachcurrencypair
includedintheforexstrategy.Thesevariablescontainvaluesforlotsize(LS),takeprofit(TP),
stoploss(SL)andtrailingstops(TS).I.e.ForaEURCADstrategy,typicalvaluesinclude:
S_EURCAD_LS_0,S_EURCAD_TP_0,S_EURCAD_SL_0,S_EURCAD_TS_0,B_EURCAD_LS_0,
B_EURCAD_TP_0,etc
Pairvariablesareconstructedusingthefollowingstandard:
OrderTypeFirstletter(BuyorSell)+CurrencyPair+VariableUse(LS,TP,SL,
TS)+ReferenceNumber
i.e.S_EURCAD_LS_0isavariableforaSellorder,forEURCAD,andhasthevaluefor
theLotSize.B_EURCAD_TP_0isavariableforaBuyorder,forEURCAD,containing
the Take Profit Value. Use these variables to optimize your EA when backtesting
yourstrategyinMetaTrader.
14
MetaTradervariablesareusedtotest,optimize,andbacktestyourexpertadvisorinMetaTrader
without having to edit your strategy with Molanis Strategy Builder. For example, changing
UseTradingTimevariableonMetaTraderfromFalsetoTruecreatesatimefilterforyourtrades.
ThismeansthatyourEAwilltradeonlywhentheServerTimeisbetweenTradingTimeStartand
TradingTimeEnd.
If you want to find the best trading time for your EA simply backtest your forex strategy
optimizingthevariablesTradingTimeStartandTradingTimeEnd.
TechnicalAnalysis
TA
TheTATechnicalAnalysistradingblockallowsyoutocreate
tradingconditionsusingwellknowntechnicalindicators.Itis
thekeybaseforthedevelopmentofforexstrategies.
To create a trading condition, edit the Technical Analysis trading block (TA), select a technical
indicator from the list on the left. Then set up the indicator parameters. Repeat the same
procedurefromthelistontheright.FinallyselectoneofthecomparisonoptionsandclickOK.
15
WellknowntechnicalindicatorsareavailabletobeusedComparisonOptions
The Trading Condition on the previous graph can be described as: Condition is true if the Ask
PriceforUSDCADishigherthan1.07866.
Currently,MolanisStrategyBuilderhasthefollowingtechnicalindicatorsavailable:
Accelerator/DeceleratorOscillatoriAC
Accumulation/DistributioniAD
AlligatoriAlligator
Ask
AverageMovementDirectionalIndexiADX
AverageTrueRangeiATR
AwesomeOscillatoriAO
BearsPoweriBearsPower
Bid
BollingerBandsiBands
BullsPoweriBullsPower
CloseiClose
CommodityChannelIndexiCCI
CustomIndicatoriCustom
DeMarkeriDeMarker
EnvelopesiEnvelopes
ForceIndexiForce
FractalsiFractals
16
GatorOscillatoriGator
HighiHigh
IchimokuKinkoHyoiIchimoku
LowiLow
MarketFacilitationIndexiBWMFI
MomentumiMomentum
MoneyFlowIndexiMFI
MovingAverageiMA
MovingAverageofOscillatoriOsMA
MovingAveragesConvergence/DivergenceiMACD
OnBalanceVolumeiOBV
OpeniOpen
ParabolicSARStopandReverseSystemiSAR
PercentRangeiWPR
RelativeStrengthIndexiRSI
RelativeVigorIndexiRVI
StandardDeviationiStdDev
StochasticOscillatoriStochastic
UserDefinedPriceUserPrice
LogicBlocks
AND
Producesavalueoftrueifandonlyifbothofits
precedingtradingblocksaretrue.
OR
Producesavalueoftruewheneveroneormoreofits
precedingtradingblocksaretrue.
ExecuteOrderBlocks
BUY
ExecutesaBuyOrder.Youneedtoselectthecurrencypair,Lot
Size,andthepipvalueforTakeProfit,StopLoss,andTrailing
Stop.(Avalueofzeropipsmeansdonotusethisoption)
17
SELL
ExecutesaSellOrder.Youneedtoselectthecurrencypair,
LotSize,andthepipvalueforTakeProfit,StopLoss,and
TrailingStop.(Avalueofzeropipsmeansdonotusethis
option)
CloseOpenPositionsBlocks
CLOSE
LONG
Closesalllongpositionsfortheselectedcurrencypair
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CLOSE
SHORT
Closesallshortpositionsfortheselectedcurrencypair
NotesBlock
NOTES
Allowsyoutowriteyouownnotesabouttheforex
strategy.Alsocalledtextbox.
ToaddtexttoaNoteortextbox,selectitandstarttyping.Yourtextwillappearinside.Inthe
toolbar, you can find formatting options to change the font size, font type, color, and
background.
19
EndBlock
END
TradingBlockthatindicateswherethestrategy
finishes.AlltradingflowsmustendattheEND
block.
ConnectingBlocks
CONNECTING Connectingarrowslinktradingblocksand
ARROWS
definetradingflowdirection.
To connect two trading blocks, click one of the blocks you are trying to connect and without
lettinggoofthemousedragthearrowtotheotherblock.Iftheconnectingarrowisgreen,the
connection is allowed. A red arrow indicates that the connection is not possible. When you
releasethe mousebutton,thelinkis created.Onceconnected,tradingblocksstayconnected,
eveniftheyaremoved.Alltradingblocksshouldbeconnected.Theonlyexceptiontothisruleis
theNotesblockortextboxesthatdonotconnectedtoanytradingblocks.
Bydefault,connectingarrowsarecurvedbutyoucanchangetheirformatontheFormatMenu
>Connector.
TradingFlow
ATradingFlowisapipelinethroughwhichticksflow.Itshowshowtheprice(ticks)movefrom
the START block to the END block passing through interconnected trading blocks. Connecting
arrowsrepresentthedirectionoftheflow,whichalwaysinitiatesintheSTARTblockandfinishes
attheENDBlock.
The flow of the trading diagram allows a reader to understand the trading strategy: what
operationswillbeperformed,inwhichorder,andunderwhatcircumstances.
TradingPaths
TradingpathsarethepossiblepathsformedwhengoingagainstthetradingflowfromtheEND
totheSTARTblock.Iflogicconditionsarepresent(ANDOR),theprecedenttradingblocksare
consideredtobepartofthesametradingpath.
20
In this part of a trading diagram, the trading

flow moves from TA to AND, ending at BUY.
Thetradingpathhelpsustoreadthediagram,
startingfromtheBUYblock:
Buy 1 lot of USDCAD (Take Profit of 100 pips)

whentheaskpriceishigherthan1.07866AND
themovingaverageconditionistrue(theshort
periodmovingaverageisabovethelongperiod
movingaverage)
Trading paths are independent for you to have major control of your forex strategy. However
this means that you have to design coherent trading strategies. For example, the following
tradingdiagram,althoughwellconnected,isnotacoherentstrategy.Itcanbereadas:
BuyandSellatthesametime,1lotofEURCAD(witha100piptakeprofitand50pipstoploss)
whentheshortperiodmovingaverage(9)isabovethelongperiodmovingaverage(18).
Molanis Strategy Builder does not check for coherence. It is therefore your responsibility to
developaclearunderstandingofyourforexstrategy.
There are several common modeling rules that you need to follow when creating trading
diagrams:
TradingflowmovesfromSTARTtoENDblock.
21
Thetradingdiagrammusthaveatleastonecompletetradingpath.
STARTconnectstoTechnicalAnalysis(TA)only.
TechnicalAnalysis(TA)connectstoAND,OR,BUY,SELL,CLOSELONG,andCLOSESHORT
only.
ANDconnectstoBUY,SELL,CLOSELONG,andCLOSESHORTonly.
ORconnectstoBUY,SELL,CLOSELONG,andCLOSESHORTonly.
ENDreceivesconnectionsfromBUY,SELL,CLOSELONG,andCLOSESHORTonly.
Notes(textbox)cannotconnecttoanyblock.
If possible, rearrange your trading diagram to get rid of crossed lines and add a Note
with a short description of the trading strategy. Also, to avoid confusion, keep the
directionofthetradingflowconsistent.
Toomanyrules?Donotworry.MolanisStrategyBuilderwillnotallowyou
tomakeawrongconnection.
MovingAverageStrategy
Typically,twomovingaveragescanbeusedtocreateaforexstrategywiththeserules:
Buywhentheshortperiodmovingaverageisabovethelongperiodmovingaverage
Sellwhenthelongperiodmovingaverageisabovetheshortperiodmovingaverage
On the following graph from MetaTrader Terminal, the yellow line is the short period moving
average (9) and the red line is the long period moving average (18). So we could rewrite the
tradingrulesorforexsignalsas:
Buywhentheyellowlineisabovetheredline
Sellwhentheyellowlineisbelowtheredline
22
Insteadofspendingalongtimecodingthisforexstrategy,withMolanisStrategyBuilderyoucan
createatradingdiagramthatrepresentsthemovingaveragestrategyinminutes.Justdragand
droptwoTechnicalAnalysisblocks,oneBuyblockandoneSellblock.Connectthemandsetthe
blockparameterstogetadiagramlikethefollowing:
Thistradingdiagramhastwotradingpaths.Theleftoneishighlighted.ItgoesfromtheSTART
block to the END block. Remember to read the trading diagram in opposite direction to the
tradingflow.Onecouldreaditas:
Buy 1 lot of EURCAD (with a 100 pip Take Profit and 50 pip Stop Loss) when the short period
movingaverage(9)isabovethelongperiodmovingaverage(18).Howdoweknowtheshort
andlongperiod9and18?IfyoumovethemouseovertheTechnicalAnalysisblockandwaitfor
acoupleofsecondsyouwillseethefollowing:
Therighttradingpathcouldbereadas:Sell1lotofEURCAD(witha100pipTakeProfitand50
pip Stop Loss) when the long period moving average (18) is above the short period moving
average(9).
MolanisStrategyBuilderusestheconceptofopenpositionsanddoesnotallowhedging(inpart
to comply with new regulations in place in North America and in part due to our consultants
experience with other platforms). This means that a new EURCAD Buy order will close all
outstandingEURCADshortpositionsbeforebeingexecuted.Onthesamelines,anewEURCAD
SellorderwillclosealloutstandingEURCADlongpositionsbeforebeingexecuted.
23
GeneratingtheMQLcodeforMetaTrader
OntheTradingDiagramMenu,clickonGenerateMQL4CodetogettheMQL4Codewindow.
MolanisStrategyBuilderallowsyoutoopenyourexpertadvisordirectlywithMetaTraderorto
saveitasanMQ4file.
Do not miss our video tutorial on moving average strategy at
www.molanis.com
24
GLOSSARY
EA Expert Advisor short program written in MQL that implements a forex strategy. EAs are
automatedprogramsthatinvestforyou.
MQL MetaQuotes Language is the language used to write expert advisors (EA, or forex
strategies)andtechnicalindicatorsforMetaTrader.
TRADINGBLOCKSmaincomponentsofatradingdiagram.
25
LICENSEAGREEMENT
WARNING:Thisprogramisprotectedbycopyrightlawandinternationaltreaties.
MOLANISSOFTWARELICENSEAGREEMENT
ENDUSERLICENSEAGREEMENTFORMOLANISSOFTWAREMolanisStrategyBuilder
NOTICE TO USER: PLEASE READ THIS CONTRACT CAREFULLY. BY USING ANY PORTION OF THE
MOLANIS STARTEGY BUILDER SOFTWARE ("SOFTWARE") YOU ACCEPT ALL THE TERMS AND
CONDITIONSOFTHISAGREEMENT.ALSOYOUAGREETHATTHISAGREEMENTISENFORCEABLE
LIKE ANY WRITTEN NEGOTIATED AGREEMENT SIGNED BY YOU. THIS AGREEMENT IS
ENFORCEABLEAGAINSTYOUANDANYLEGALENTITYTHATOBTAINEDTHESOFTWAREANDON
WHOSEBEHALFITISUSED.IFYOUDONOTAGREE,DONOTUSETHISSOFTWARE.
MolanisownsallintellectualpropertyintheSoftware.MolanispermitsyoutoUsetheSoftware
onlyinaccordancewiththetermsofthisAgreement.
1.Definitions."Software"means(a)allofthecontentsofthefiles(providedeitherbyelectronic
download,onphysicalmediaoranyothermethodofdistribution),disk(s),CDROM(s)orother
mediawithwhichthisAgreementisprovided,includingbutnotlimitedto(i)MolanisStrategy
Builder software (ii) related explanatory written materials or files ("Documentation"); and (iii)
upgrades,modifiedversions,updates,additions,andcopiesoftheSoftware,ifany,licensedto
you by Molanis (collectively, "Updates"). "Use" or "Using" means to access, install, download,
copy,orotherwisebenefitfromusingthefunctionalityoftheSoftwareinaccordancewiththe
Documentation. "Permitted Number" means one (1) unless otherwise indicated under a valid
license(e.g.,volumelicense)grantedbyMolanis."Computer"meansanelectronicdevicethat
acceptsinformationindigitalorsimilarformandmanipulatesitforaspecificresultbasedona
sequence of instructions. "Term" means duration granted to you for the use of the software.
"Molanis"meansMolanis,Canadiancorporation,locatedonTorontoM4P0A5.
2.SoftwareLicense.IfyouobtainedtheSoftwarefromMolanis,andsubjecttoyourcompliance
with the terms of this agreement (this "Agreement"), Molanis grants to you a nonexclusive,
limited,personallicensetoUsetheSoftwareduringtheTermtousetheSoftwareandforthe
purposesdescribedintheDocumentationasfollows.
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2.1GeneralUse.YoumayinstallandUseacopyoftheSoftwareonyourcompatibleComputer,
uptothePermittedNumberofcomputers.TheSoftwaremaynotbeshared,installedorused
concurrentlyondifferentcomputers.
2.2 No Modification. You may not modify, adapt, translate or create derivative works based
upon the Software. You may not reverse engineer, decompile, disassemble or otherwise
attempttodiscoverthesourcecodeoftheSoftware.
2.3 YOUR USE OF THE SOFTWARE IS AT YOUR OWN RISK. MOLANIS MAKES NO WARRANTIES,
CONDITIONS,INDEMNITIES,REPRESENTATIONSORTERMS,EXPRESSORIMPLIED,WHETHERBY
STATUTE, COMMON LAW, CUSTOM, USAGE OR OTHERWISE AS TO ANY OTHER MATTERS,
INCLUDING BUT NOT LIMITED TO NONINFRINGEMENT OF THIRD PARTY RIGHTS, TITLE,
INTEGRATION,ACCURACY,SECURITY,AVAILABILITY,SATISFACTORYQUALITY,MERCHANTABILITY
ORFITNESSFORANYPARTICULARPURPOSE.Becausesoftwareisinherentlycomplexandmay
notbecompletelyfreeoferrors,youareadvisedtoverifyyourwork.InnoeventwillMolanis
beliablefordirect,indirect,special,incidental,orconsequentialdamagesarisingoutoftheuse
oforinabilitytousethesoftware,hardware,ordocumentation,evenifadvisedofthepossibility
of such damages. In particular, Molanis is not responsible for any costs, including, but not
limited to, those incurred as a result of the use of the software, loss of data, the costs of
recoveringsuchsoftwareordata,thecostofsubstitutesoftware,claimsbythirdparties,orfor
othersimilarcosts.
2.4 Indemnity. You agree to hold Molanis harmless from any and all liabilities, losses, actions,
damages,orclaims(includingallreasonableexpenses,costs,andattorneysfees)arisingoutof
orrelatingtoanyuseof,orrelianceon,theSoftware.Becausesoftwareisinherentlycomplex
andmaynotbecompletelyfreeoferrors,youareadvisedtoverifyyourwork.Innoeventwill
Molanisbeliablefordirect,indirect,special,incidental,orconsequentialdamagesarisingoutof
theuseoforinabilitytousethesoftware,hardware,ordocumentation,evenifadvisedofthe
possibilityofsuchdamages.Inparticular,Molanisisnotresponsibleforanycosts,including,but
not limited to, those incurred as a result of the use of the software, loss of data, the costs of
recoveringsuchsoftwareordata,thecostofsubstitutesoftware,claimsbythirdparties,orfor
othersimilarcosts.
2.5 Limit of Liability. UNDER NO CIRCUMSTANCES WILL MOLANIS BE LIABLE TO YOU, OR ANY
OTHER PERSON OR ENTITY, FOR ANY LOSS OF USE, REVENUE OR PROFIT, LOST OR DAMAGED
DATA, OR OTHER COMMERCIAL OR ECONOMIC LOSS OR FOR ANY DIRECT, INDIRECT,
27
INCIDENTAL, SPECIAL, STATUTORY, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES

WHATSOEVER RELATED TO YOUR USE OF THE SOFTWARE. IN NO EVENT WILL MOLANIS BE
LIABLETOYOUFORANYDAMAGES,CLAIMSORCOSTSWHATSOEVERORANYCONSEQUENTIAL,
INDIRECT,INCIDENTALDAMAGES,ORANYLOSTPROFITSORLOSTSAVINGS,EVENIFAMOLANIS
REPRESENTATIVEHASBEENADVISEDOFTHEPOSSIBILITYOFSUCHLOSS,DAMAGES,CLAIMSOR
COSTS OR FOR ANY CLAIM BY ANY THIRD PARTY. In no case shall Molanis' liability exceed the
amountofthelicensefee.
2.6TermandTermination.ThetermgrantedtoyoufortheuseoftheSOFTWAREisfor1year.
ThetermofthisAgreement(the"Term")willcommenceonthedateyoubuytheSoftware,and
willcontinueuntilterminatedbyeitherparty.YoumayterminatethisAgreementatanytimeby
deinstallingtheSoftwareanddestroyingallcopiesoftheSoftwareinyourpossessionorcontrol.
MolanismayterminatethisAgreementatanytime foranyreasonornoreason.Molanis may
terminate this agreement before the term is completed if you fail to comply with any of the
terms and conditions of this agreement. In such event, you must destroy all copies of the
SOFTWARE.Molaniswillmakecommerciallyreasonableeffortstoprovidenoticeoftermination
throughadialogboxdisplayedbytheSoftwarewhenthetermhasexpired,butnosuchnotice
will be required in order for Molanis' termination to be effective. On the expiration or
terminationofthisAgreement,youwillceaseusingtheSoftware,andtheSoftwaremaycease
functioning.
3.Transfer.Youmaynotrent,lease,sublicense,assignortransferyourrightsintheSoftware,or
authorizealloranyportionoftheSoftwaretobecopiedontoanotheruser'sComputerexcept
as may be expressly permitted herein. You may, however, transfer all your rights to Use the
Softwaretoanotherpersonorlegalentityprovidedthat:(a)youalsotransfer(i)thisAgreement,
and (ii) the Software and all other software or hardware bundled or preinstalled with the
Software, including all copies, Updates and prior versions, to such person or entity, (b) you
retainnocopies,includingbackupsandcopiesstoredonaComputer,and(c)thereceivingparty
acceptsthetermsandconditionsofthisAgreementandanyothertermsandconditionsupon
whichyoulegallypurchasedalicensetotheSoftware.Notwithstandingtheforegoing,youmay
nottransfereducation,prerelease,ornotforresalecopiesoftheSoftware.
4. Intellectual Property Ownership, Copyright Protection. The Software and any authorized
copiesthatyoumakearetheintellectualpropertyofandareownedbyMolanis.Thestructure,
organization and code of the Software are the valuable trade secrets and confidential
information of Molanis. The Software is protected by law, including without limitation the
copyrightlawsofCanadaandothercountries,andbyinternationaltreatyprovisions.Exceptas
28
expressly stated herein, this Agreement does not grant you any intellectual property rights in
theSoftwareandallrightsnotexpresslygrantedarereservedbyMolanis.
5.Updates.IftheSoftwareisanUpdatetoapreviousversionoftheSoftware,youmustpossess
avalidlicensetosuchpreviousversioninordertoUsesuchUpdate.AllUpdatesareprovidedto
youonalicenseexchangebasis.YouagreethatbyUsinganUpdateyouvoluntarilyterminate
your right to use any previous version of the Software. As an exception, you may continue to
UsepreviousversionsoftheSoftwareonyourComputerafteryouUsetheUpdatebutonlyto
assist you in the transition to the Update, provided that: (a) the Update and the previous
versionsareinstalledonthesamecomputer;(b)thepreviousversionsorcopiesthereofarenot
transferredtoanotherpartyorComputerunlessallcopiesoftheUpdatearealsotransferredto
such party or Computer; and (c) you acknowledge that any obligation Molanis may have to
supportthepreviousversionsoftheSoftwaremaybeendeduponavailabilityoftheUpdate.In
no event shall Molanis be obligated to provide you with Updates following the expiration or
terminationofthisAgreement,andinitssolediscretionmayterminateupdatesforanyversion
oftheSoftwareotherthanthemostcurrentversion.
6. NO WARRANTY. The Software is being delivered to you "AS IS" and Molanis makes no
warranty as to its use or performance. Molanis provides no technical support, warranties or
remediesfortheSoftware.MOLANISCANNOTWARRANTTHEPERFORMANCEORRESULTSYOU
MAYOBTAINBYUSINGTHESOFTWARE.
7. Governing Law. This Agreement will be governed by and construed in accordance with the
substantive laws in force: (a) in the province of Ontario, Canada. This Agreement will not be
governed by the conflict of law rules of any jurisdiction or the United Nations Convention on
ContractsfortheInternationalSaleofGoods,theapplicationofwhichisexpresslyexcluded.
8.GeneralProvisions.IfanypartofthisAgreementisfoundvoidandunenforceable,itwillnot
affect the validity of the balance of this Agreement, which shall remain valid and enforceable
according to its terms. This Agreement shall not prejudice the statutory rights of any party
dealing as a consumer. This Agreement may only be modified by a writing signed by an
authorized officer of Molanis. Updates may be licensed to you by Molanis with additional or
differentterms.ThisistheentireagreementbetweenMolanisandyourelatingtotheSoftware
and it supersedes any prior representations, discussions, undertakings, communications or
advertisingrelatingtotheSoftware.
29
9.CompliancewithLicenses.Ifyouareabusinessororganization,youagreethatuponrequest
from Molanis or Molanis' authorized representative, you will within thirty (30) days fully
documentandcertifythatuseofanyandallSoftwareatthetimeoftherequestisinconformity
withyourvalidlicensesfromMolanis.
10.PrereleaseProduct Additional Terms.If the productyouhavereceived with thislicenseis

precommercial release or beta Software ("Prerelease Software"), then the following Section
applies. To the extent that any provision in this Section is in conflict with any other term or
condition in this Agreement, this Section shall supersede such other term(s) and condition(s)
with respect to the Prerelease Software, but only to the extent necessary to resolve the
conflict. The term granted to you for the use of the prerelease version is for 15 days or the
indicated when installing the software. You acknowledge that the Software is a prerelease
version,doesnotrepresentfinalproductfromMolanis,andmaycontainbugs,errorsandother
problemsthatcouldcausesystemorotherfailuresanddataloss.Consequently,thePrerelease
Softwareisprovidedtoyou"ASIS",andMolanisdisclaimsanywarrantyorliabilityobligationsto
youofanykind.WHERELIABILITYCANNOTBEEXCLUDEDFORPRERELEASESOFTWARE,BUTIT
MAYBELIMITED,MOLANIS'LIABILITYSHALLBELIMITEDTOTHESUMOFONEDOLLARS(U.S.$1)
IN TOTAL. You acknowledge that Molanis has not promised or guaranteed to you that Pre
releaseSoftwarewillbeannouncedormadeavailabletoanyoneinthefuture,Molanishasno
expressorimpliedobligationtoyoutoannounceorintroducethePrereleaseSoftwareandthat
Molanis may not introduce a product similar to or compatible with the Prerelease Software.
Accordingly,youacknowledgethatanyresearchordevelopmentthatyouperformregardingthe
PrereleaseSoftwareoranyproductassociatedwiththePrereleaseSoftwareisdoneentirelyat
your own risk. During the term of this Agreement, if requested by Molanis, you will provide
feedback to Molanis regarding testing and use of the Prerelease Software, including error or
bugreports.
11.InjunctiveRelief.ThepartiesagreethatifyouutilizeorotherwiseuseanyoftheSOFTWARE
in an unauthorized manner, or breach the remaining terms and conditions of this agreement,
that such use or breach would have a devastating and serious impact on Molanis continuing
ability to compete profitably and would, therefore, result in immediate and irreparable injury,
lossordamagetoMolanis.Thepartiesagreethatinsuchevent,inadditiontoMolanisrightto
recover damages for a breach of this agreement, Molanis would be entitled to obtain a
temporaryrestrainingorderorapreliminaryinjunctionfromacourtofcompetentjurisdictionto
preventYou,youremployees,agents,consultants,orindependentcontractorsfromengagingin
any further use of the SOFTWARE or the continued breach of the remaining terms and
conditionsofthisagreement.
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12. Miscellaneous. You acknowledge that Molanis collects and sends to Molanis certain
information regarding the users of the Software, including certain personally identifiable
information as well as certain information from the user's computer, including certain
information about your computer software and hardware such as your IP address, operating
system,Webbrowsersoftwareandversion.YouherebyconsenttoMolanis'collectionanduse
of such information, and agree that Molanis' collection and use of such information will be
governedbyMolanis'PrivacyPolicy.
If you have any questions regarding this Agreement or if you wish to request any information
fromMolanispleaseusetheaddressandcontactinformationincludedwiththisproductorvia
thewebatwww.molanis.com
Molanis.Wehelptraders!
WARNING:Tradinghaslargepotentialrewards,butalsolargepotentialrisk.Youmustbeaware
oftherisksandbewillingtoaccepttheminordertoinvest.Don'ttradewithmoneyyoucan't
afford to lose. The past performance of any trading system or methodology is not necessarily
indicative of future results. Hypothetical or simulated performance results have certain
limitations. Unlike an actual performance record, simulated results do not represent actual
trading. Also, since the trades have not been executed, the results may have underorover
compensatedfortheimpact,ifany,ofcertainmarketfactors,suchaslackofliquidity.Simulated
tradingprogramsingeneralarealsosubjecttothefactthattheyaredesignedwiththebenefit
ofhindsight.
The risk of loss in trading foreign exchange markets (FOREX), also known as cash foreign
currencies, the interbank market or the FOREX markets, can be substantial. You should
therefore carefully consider whether such trading is suitable for you given your financial
condition. FOREX trading involves substantial risk and is not for all investors. Investments or
tradingintheFOREXmarketscanbehighlyspeculativeandshouldonlybedonewithriskcapital
whichyoucanaffordtoloseandthat,iflost,wouldnotchangeoradverselyaffectyourlifestyle.
Thehighdegreeofleveragethatisoftenpossibleinforeignexchangetradingcanworkforyou
aswellasagainstyou.Theuseofleveragecanleadtolargelossesaswellasgains.ALTHOUGHIT
ISPOSSIBLETOPROFITBYTRADINGFOREIGNEXCHANGE,ITISALSOPOSSIBLETOLOSE100%OF
YOURDEPOSIT.
31

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