Stephan, can you explain the difference between the EMA and EMA_Alternative signals?
EMA uses the last value as the last reference point, EMA_Alternative uses the current value as the last reference point. (easy explanation)
The mathematics can be found here:
http://en.wikipedia.org/wiki/Moving_averageI have only really been using high-low and that can work. It is also really good with the new jump out function since that works as a stop loss. You do have to reset the high-low indicator to reflect current prices. I am still trying to understand the new indicators.
I keep on pushing to use the benchmark tool. It is very easy to find out how the indicators responses and when the given thresholds are met. (under which condition)
Think about this:
Setup a trade bot and do not activate it yet. Add the indicators you want to try. Wait to collect data or click the benchmark tool and Load a currency file. As long as you have some data to run a benchmark you are good. Now, go to the Indicators tab and browse through the available Graphs. You can reflect each individual indicators response here. Reflect it to the graph displayed above it.
If you see one of more that is giving you good buy/sell momentum (read this from both graphs) you can repeat the steps you made before but with variants indicators on the few you like. (different settings!) You can repeating this process as many times as you want. But be sure to test the indicators you find best to more currency data. This way your logic will work always or most of the times.
After this, well... activation and happy trading.
As soon as you have used the software for a while, click the benchmark button and save your currency data. This way you use it later on again to refine your trading strategy using the steps described before.
