josi wrote: Thu Oct 29, 2020 8:39 pm
interesting, thanks!
Even more intersting - to me - are your indicators' inputs.
Stoch: 144, 5, 2 and 39.5,3 - where did this come from?
RSIMA: 43, 34?
The numbers look pretty random and one wonders what exactly they want to emulate.
Wouldn't it be a much better idea to use the 2nd one to emulate a higher TF? i. e. 14,3,3 and 56, 6, 3?
And the channels that you use: 2 Bollinger? 2TMA?
The stochs setting are my 'long term' and 'Equi - medium term' stochs indicators.
All chart settings and templates are to suit the 'eye of the trader' and these settings suit mine.
As far as the BB go, I am testing these to see if the outer bands give clues to exits when scalping to ensure they provide a more safety in the exit. I had three bands originally and these were very reliable but hard for my eyes to follow in live trading as the third band was a different setting.
The illustration is my original TRIPLE template with the shift on '3' highlighted in black - this was so I could see when the smaller BB is straddling the central (key) lime band, meaning sideways chart. I found this template very good to start with but my eyes got strained after a short while so it was no good for me. Theoretically it should have been simple to wait for the shorter term bands to go above or below the central lime ma but it needs younger eyes than mine to trade it successfully.
I have discounted this template and am concentrating on the double BB as it is easier for me.
TEAMTRADER