Forex Market
Configure your strategy to trade currency pairs.
The Forex Market block lets you choose which currency pairs your strategy trades. Forex is the largest financial market in the world, open 24 hours a day, five days a week.
Why It Matters
Your market selection directly affects how your strategy behaves. Major pairs like EUR/USD have tight spreads and high liquidity, making them ideal for most strategies. Minor and exotic pairs can offer different opportunities but come with wider spreads and less predictable behavior.
How to Use It
- 1Drag the Forex Market block onto your canvas
- 2Choose a selection mode: All Major Pairs, All Minor Pairs, or Select Individual Pairs
- 3If you chose individual selection, pick the specific pairs you want to trade
- 4Connect the block to the next step in your strategy
Settings Explained
Mode — Controls how pairs are selected. 'All Major Pairs' includes the most liquid pairs like EUR/USD, GBP/USD, and USD/JPY. 'All Minor Pairs' includes cross-currency pairs that don't involve USD. 'Select Individual Pairs' lets you hand-pick exactly which pairs to trade.
Custom Pairs — This setting only appears when you choose 'Select Individual Pairs.' It lets you pick specific currency pairs from a list. Use this when you want your strategy focused on particular markets you understand well.
Example Use Case
You've built a trend-following strategy that works best in liquid, trending markets. You select 'All Major Pairs' to give the strategy the widest opportunity set with the tightest spreads. This lets the strategy scan EUR/USD, GBP/USD, USD/JPY, and other majors for setups simultaneously.
Start with major pairs if you're new to strategy building. They have the most consistent behavior and lowest trading costs, which makes your backtest results more reliable.
Selecting too many pairs can make backtesting slower and harder to analyze. Start focused and expand once your strategy proves itself.