When you click the settings, the first indicator is " Super EngineeringRobo ". It generates "Super Buy and Super Sell " signals on the chart. If you are buying at Super Buy, you should not wait until Super Sell to sell it, you can sell it at either Sell 1 or Sell 2. If you are selling at Super Sell, you should not wait for Super Buy to buy it, you can buy it with either Buy 1 or Buy 2. Recommend you use on 1W - 3D - 1D charts.
Below Super Buy & Sell ,there is a McGinley Dynamic. If you open it "The magic line" will be shown on the chart. It looks like a moving average line, and minimizes price separation, price whipsaws, and hugs prices much more closely. And it does this automatically as a factor of its formula. Recommend you to use on 1D charts for crypto and on 1W charts for forex & stocks. As long as the candles are above this line, the bullish market is continuing.
Engineering's Robo Cloud is a simple indicator and inspired from Ichimoku cloud. It's a unique formula. If you are a swing trader and use 1D candles as long as the candle is above the "green " cloud, you should continue with a trend!
No need to hurry to sell until you see the " red " cloud. Run away when you see red cloud! Recommend you to use on 1W, 3D and 1D charts.
The next one is "Bollinger Bands Strategy". When stock prices continually touch the upper Bollinger Band, the prices are thought to be overbought; conversely, when they continually touch the lower band, prices are thought to be oversold, triggering a buy signal. EngineeringRobo also creates its own unique BB Buy and BB Sell signals.
Below the " EngineeringRobo's cloud ", you will see " EngineeringRobo 1" , as long as you open it "Buy 1 & Sell 1 " will be shown on the chart. These signals also depending on the 2 conditions below, you can also change these conditions anytime to customize the signals. Example, the Robo will not create a " Sell 1 " signal if the first condition " No Sell 1 signal when the candle is above Moving Average 9 " is active.
It is time to meet with the most popular robo, it is " EngineeringRobo 2 ". Over 350 members love to use this robo on all their charts. If it is active, "Buy 2 & Sell 2 " will be shown on the chart.
It is time to know " EngineeringRobo 3 " which is one of the most successful indicators in the backtest results. It has been creating " Buy 3 & Sell 3 " signals on charts if it is active. When you see this indicator, you should consider to its recommendation. It works on 1W - 3D - 1D - 3H charts.
Support and Resistance is one of the most used techniques in technical analysis. It can be identified by pivot points. The pivot points identify supply and demand zones at specific instances and timeframes, depending on the trend, and hence known as support and resistance indicator. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.
" Stop loss and take profit " checkboxes are just below EngineeringRobo 2. These two important elements of trade management are just as important as the analysis one would do before opening a position. You can change the inputs depending on your trading strategies. Strongly recommend you use it on all your buy & sell orders.
Below Stop Loss & Take profit checkboxes, you will see " Fibonacci levels ". They are one of the most popular tools in technical trading. One of the best ways to use the Fibonacci retracement tool is to spot potential support and resistance levels and see if they line up with Fibonacci retracement levels . The most popular levels are 61.8% and 38.2%. You can change the input " 365 " depending on your own trading strategy.
At the bottom, you will see "Moving Averages ". There are MA 20, 50 and custom MA ( Moving Average ). The 50 moving average ( 50MA ) is the medium term outlook. The 200 moving average ( 200MA ) is the trend bias.
Super Bullish: The candle is above MA 20 ( Daily )
Bullish: MA 50 Above MA 100 ( Daily )
Bearish: MA 50 below MA 100 ( Daily )
Do you also know that you can change the color of indicators on EngineeringRobo? Try it.