The majority of fixed shading devices are installed in the exterior of a building in order to dissipate the heat absorbing from the sun and to prevent the direct sunlight. In designing external shading devices for windows, many requirements must be considered simultaneously; solar geometry, optimum energy performance, multi-purpose usage and design factors etc.. In order Lo satisfy these requirements, we suggests the folding shading device and its optimum design methodology. Also we analyzed the thermal performance using the IES_VE program according to various operating modes and compared with existing shading devices. The results show that proposed device reduce about $1.90{sim}22.40%$ in cooling load and about $1.09{sim}24.22%$ in heating load in comparison with existing ones.