Switchback DiNapoli settings make no sense

RidgeForrester

The settings manual seems very scant on what the thresholds and curve distance do. For example, my indicator says "Buy" with the exact same settings as my bot, yet the bot put in two sell positions after hours of doing nothing. And why does it say "Buy" when the lines are in a bearish position? Nothing about this seems to make sense.

Switchback Trading System

Mike

Please provide the product's name and your cBot settings uploaded as a file so that I can investigate.

A backtest with a trade highlighted from the history tab is also helpful.

RidgeForrester

It's Switchback. And none of the trades work according to the manual. Your manual says:

"Upper Threshold

If the indicator signals a bearish trend, the signal line must be above the upper level.

Lower Threshold

If the indicator signals a bullish trend, the signal line must be below the lower level."

Yet as you will see, at no point is the signal line ever above or below either threshold.

report-dinap001.html

100kB

clickalgo-switchback-eurgbp-h4-1k-5-3x15-dinap-001.cbotset

4kB

Mike

I noticed you purchased the product nearly a year ago, If you have not already done this, I would first download the latest update so you can benefit from the NET 6 upgrade.

Switchback Version 2.6.3 | Last updated 28.03.2024, News manager bug fixes.

.
I understand the documentation was misleading, it has been updated.

Bullish Signal

Two (OR) conditions can provide a bullish signal for the indicator.

The last result value > last signal value and the signal is rising and the curve distance formula is bullish.
The last signal value < the lower threshold value defined by the user.

Bearish Signal

Two (OR) conditions can provide a bearish signal for the indicator.

The last result value < last signal value and the signal is falling and the curve distance formula is bearish.
The last signal value > the upper threshold value defined by the user.

I will check the full documentation and make sure it is correct. Thank you for bringing this to my attention.

RidgeForrester

Can you please clarify what you mean by "Two (OR) conditions"?

For example, if I set the upper threshold to 0, the signal line will always be above it, yet no buy trades will occur.

Mike

This is an OR condition, so either one will be a bullish or bearish signal.

According to your settings both a 1 hour and 4 hour DiNap need to be bullish or bearish.

If you set the upper threshold to 0, and you don't set the lower threshold to 0, you will have conflicting signals.

RidgeForrester

This doesn't seem to be the case. If condition 2 is met eg "The last signal value > the upper threshold value defined by the user." for a bullish signal with the upper threshold set to 0, no long trades will occur.

Mike

My mistake, the conditions are reversed, I will update the docs.

Here is the source code for the Bullish condition false.

 if (DiNapoli.IsBearish || DiNapoli.Result.LastValue > UpperThreshold)
 {
     isBuy = false;
 }

Here is the source code for the Bearish condition false.

if (DiNapoli.IsBullish || DiNapoli.Signal.LastValue < LowerThreshold)
{
    isSell = false;
}

RidgeForrester

So to clarify, the upper threshold only affects buys and the lower threshold only affects sells?

Also, in your last post, why is "LowerRSIThreshold" used when RSI isn't a parameter in Switchback?

Mike

yes.
this is a typo, I have corrected it above, the Dinapoli indicator used is a a DiNapoli Stochastic indicator.

https://clickalgo.com/dinapoli-stochastic

In the parameter settings, it may show RSI, but this is just a variable name only.