Hello is there a place, that explains a bit better how to use this tool (WL8)?
I'm completely lost and would love if someone could help me figure out how to use it properly. (the preview video on the channel help but not that much)
Is it possible to use this tool on automated trades?
If yes how can I do it?
Thank you all! o/
Best Regards,
Rafael
I'm completely lost and would love if someone could help me figure out how to use it properly. (the preview video on the channel help but not that much)
Is it possible to use this tool on automated trades?
If yes how can I do it?
Thank you all! o/
Best Regards,
Rafael
Rename
NeuroLab produces an indicator, NNPredictor. To use NL in automated trading the idea is to build a Strategy using that indicator. I’ll work on some explanatory videos for NeuroLab ASAP.
Can you give some sample on how should the NNP Indicator be interpreted?
Thank you, in advance! :D
Thank you, in advance! :D
Look, you can find such explanation straight in the Wealth-Lab Help if you search for NeuroLab Indicator there:
QUOTE:
NNP ranges from roughly 0 to 100, although in extreme cases it can penetrate above or below these levels. Higher levels correspond to a higher predicted output.
Nice, how should I read it?
Should I buy/sell above X level, should I buy/sell below Y level?
Am I looking only at the NPP indicator, or should I wait for something to happen on the price graphic?
Should I add an extra indicator to filter my entries and exits?
Imagine the first time you saw the Macd, what you said above is this "The Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price". Now you also have no clue what over-sold and over-bought levels are and where they are. How would you use MACD in this situation?
That same information is what is missing on any documentation we have available :D
Should I buy/sell above X level, should I buy/sell below Y level?
Am I looking only at the NPP indicator, or should I wait for something to happen on the price graphic?
Should I add an extra indicator to filter my entries and exits?
Imagine the first time you saw the Macd, what you said above is this "The Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price". Now you also have no clue what over-sold and over-bought levels are and where they are. How would you use MACD in this situation?
That same information is what is missing on any documentation we have available :D
It's not missing altogether. Unlike with some canned indicator, there is no hard and fast rule. The higher the level the higher predicted output the NNP corresponds to.
To look at the NNP alone or together with some other indicator, to add a filter, to derive the X and Y levels through careful optimization: these all are good ideas worth exploring. You can uncover their value yourself in respect to your own backtests. That's the benefit of subscribing to WL8! :-D
To look at the NNP alone or together with some other indicator, to add a filter, to derive the X and Y levels through careful optimization: these all are good ideas worth exploring. You can uncover their value yourself in respect to your own backtests. That's the benefit of subscribing to WL8! :-D
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