diff --git a/Globals.js b/Globals.js
index b458ec7bc..2377c57ae 100644
--- a/Globals.js
+++ b/Globals.js
@@ -134,6 +134,8 @@ if (testUser !== null) {
   LOGGED_IN_ACCESS_TOKEN_LOCAL_STORAGE_KEY = "access_token"
 }
 
+const DEFAULT_FORMULA_TEXT = '// Write your formula here'
+
 const USDT_BTC_HTH = 19900; // This is needed to know the scale of the market time line.
 
 const WIDHTER_VOLUME_BAR_BASE_FACTOR = 2.5;
diff --git a/StrategySpace/Workspace/FunctionLibraries/PartsFromNodes.js b/StrategySpace/Workspace/FunctionLibraries/PartsFromNodes.js
index 581a83c8a..e3719beac 100644
--- a/StrategySpace/Workspace/FunctionLibraries/PartsFromNodes.js
+++ b/StrategySpace/Workspace/FunctionLibraries/PartsFromNodes.js
@@ -391,7 +391,9 @@ function newPartsFromNodes () {
 
   function addFormula (node) {
     if (node.formula === undefined) {
-      node.formula = {}
+      node.formula = {
+        code: DEFAULT_FORMULA_TEXT
+      }
       createPart('Formula', '', node.formula, node, node)
     }
   }
@@ -417,7 +419,9 @@ function newPartsFromNodes () {
     let m = phaseParent.phases.length
     let phase = {
       name: 'New Phase',
-      formula: {},
+      formula: {
+        code: DEFAULT_FORMULA_TEXT
+      },
       nextPhaseEvent: {
         situations: []
       }