"Can you explain how two indicators are combined to determine when a "Buy" and "Sell" are made?"
Hi,
There is only a buy or sell action when: ALL indicators that you have active say buy or sell & the price is enough above the last buy price or below the last sell price.
Bot bought at 1$ - now indicators say "BUY" but the price is only 1.001$ therefore you would make a loss on exchange fees, therefore there no action.
Having one indicator should cause more action and more indicators will have "stronger" signals, depending on how you set them up.
IMO you would have to organize the crossovers so they are "on beat" as if you where a dj. I have only tested this with 2x RSI but it works pertty good.
So if the crossover of indicator 1 is 10/20 then the next one would have to be the same, half, or double, then it is "on beat" otherwise you will have a lot less agreement and less signals. indicator one 10/20 and indicator two 20/40 ect. RSI works fine like that try default lenght 30 - 30/70 and then lenght 60 30/70 , then you will produce a singnal with wave forms that have shapes and not ones that "flange" if they flange then you wont have a clear signal. This is only one way to look at it, I suggest experimenting with really small ammounts of coin 0.01 btc or 0.1 ltc or 1 xpm ect ect.
Stephen: I lost almost 2 last weeks triyng every combination and benchmarking but i am unable to get bot do what i want: I think this metod to combine indicators very limitative ( for instance example above w/ Stochastic not in sync ) and for me is impossible in only one combination of functions put differents strategies for up and down trends.
Until now bot only gave me loses and even drop loss mechanism is not reliable ( at least w/ Bitstamp ).
I suported this bot because i want to avoid time to learn metatrader 4 but lost time on this bot seems, for me, enough put MT4 to work ( and it is free for BTC-e clients ).
Please: Have plans to make avaliable a interface so I can write my own functions-like mt4?
Also: Maybe all this is my fault but i have read almost all of this thread and haven't found someone posting a working configuration for this BOT, only "educational" examples. Is secret or someone can share a good working configuration?
I think this bot is really simple and have many good functions and potential but lack flexibility. One example: possibility to Buy/sell be dependent from one function result OR other function result. Or something as bot buy at x ( x is last buy value ) do normal operation but if anytime current value is below 95% of x bot should sell all values imediatly.
Regards