Dear Patrick, just landed on your product, which seems great. Newbie questions, as did not find this info in the forum: can you please clarify what the "score" parameters are and how they affect the trading? Thanks.
Thanks, I saw it and I'm not sure if I understand the explanation, sorry. Does "Score" refer to a kind of synthetic index of the 20+ indicators that the algo is using? For example, If you set the max score, are you getting a "more conservative" entries or viceversa? What's the impact of a large difference between minim and max score? " Thanks again.
Yes, it is the sum of all indicators we use. For example, when RSI is below 50, we add 1 to the sell score, when RSI is falling we are adding one more to the sell score, if RSI is below 30 we add 1 point to the buy score etc.
If you set the min score parameter to a high value, i.e. 30, it will open less trades, it would be conservative. System open trades when score is between min and max score values.
For better understanding, run Backtests to see how it works und to find best parameters for give assets and time, run optimization.
Hello Alan, it is explained here.
Best regards,
Patrick
Thanks, I saw it and I'm not sure if I understand the explanation, sorry. Does "Score" refer to a kind of synthetic index of the 20+ indicators that the algo is using? For example, If you set the max score, are you getting a "more conservative" entries or viceversa? What's the impact of a large difference between minim and max score? " Thanks again.
Yes, it is the sum of all indicators we use. For example, when RSI is below 50, we add 1 to the sell score, when RSI is falling we are adding one more to the sell score, if RSI is below 30 we add 1 point to the buy score etc.
If you set the min score parameter to a high value, i.e. 30, it will open less trades, it would be conservative. System open trades when score is between min and max score values.
For better understanding, run Backtests to see how it works und to find best parameters for give assets and time, run optimization.