Signals Settings
The first main block is the setting of sensitivity to a specific chart, filters, and reaction time to market changes. In this section, we will go through each setting individually.
Autopilot
Our indicator is capable of analyzing the entire history on the chart and selecting the best settings for each chart. By activating the Autopilot setting, the indicator determines the best settings for the current chart and timeframe and sets everything automatically.
When Autopilot is enabled, all other settings in this section, except for Signal Mode, are not taken into account when forming signals on the chart. It’s crucial to remember this when setting up the indicator.
The Signal Mode setting is considered when Autopilot is enabled, and the signals are optimized for the specific selected trading mode.
With Autopilot enabled and a specific Signal Mode selected, the indicator automatically selects the best settings based on the chosen trading direction. For example, if Signal Mode: Buy is selected, the optimal trading settings may differ from the Both mode and provide different buy signals.
Signal mode
This setting determines the direction in which the indicator shows signals. For example, if you are an investor focused solely on buying, you can select Signal Mode: Buy, and the indicator will only display buy signals.
It all depends on your strategy and trading style. You can either buy an asset or look for the best point to exit a trade, displaying only sell signals.
| Signal Mode | Description |
|---|---|
| Both | Displays signals in both directions, for both buying and selling |
| Buy | Displays signals for buying only |
| Sell | Displays signals for selling only |
Signal Sensitivity
A setting that controls the sensitivity of signals on the chart, with optimal settings ranging from 1 to 50, all depending on your strategy and trading style.
If you are a long-term investor, higher sensitivity values will suit you. If you are looking for short-term price movements, you should reduce the sensitivity.
Speed Reaction
The reaction speed to changes occurring on the chart varies for each asset, with different settings being suitable. In some cases, Fast might be appropriate, offering a quick response to changes, while in other cases, setting it to Slow may be more advantageous depending on the asset.
We always recommend testing different settings for each chart individually or using Autopilot for the best settings on a specific chart. However, if you prefer manual tuning, you will be able to choose the one that suits you and your trading style.
Filters
Volatility Filter - Helps remove some of the false signals from the chart at low Signal Sensitivity settings. This filter operates according to our algorithm, which detects fake volatility and eliminates false breakouts.
Liquidity Filter - Similar to the first filter, it helps remove false signals of a different nature. The filters work differently and are suitable for different charts. With this filter, we look at false liquidity and can remove some signals, but this filter may alter the signal output, resulting in signals that may be slightly delayed.
Depending on the Instrument, Timeframe, and chosen Signal Sensitivity, different filter settings may be appropriate. In some cases, it might not be necessary to apply any filters, while in others, it could be beneficial to activate one or both filters. All this should be tested on specific charts and according to your trading style.
The best settings for each chart can be seen on our Backtesting System (SM), which will calculate the best settings for each chart and show the profit for each combination of settings. You will be able to choose the best one for your trading.