How to Read Haasbot's Charts

From Haasonline Software Wiki
Jump to: navigation, search

Reading Haasbot's Charts requires some knowledge of how each Indicator and Safety works as well as some knowledge of technical market analysis. You can find plenty of information on how each Indicator and Safety works on our wiki and on websites like Investopedia and Chart School. Additional information can also be found on Google.


Basically, the two main areas where one will want to read Haasbot's charts are Indicators and Safeties, when Backtesting.



Reading Indicator Charts

For this demonstration, we will be using the 1 Min MACD Indicator at the exchange BTC-E on the currency pair USD/BTC

Chart-ind.jpg


Our Buy and Sell Signals are displayed at the very top of the chart, which are Red and Green boxes. At the bottom of the screen, is our Indicator chart. You can see how the Indicator works on this chart. Obviously, running 1 Min MACD Indicator would not have been a good strategy to run recently, as the market is somewhat sideways, but this view allows us to see what is going on. We can run more backtests on historical data to see which market conditions work for this indicator.

Reading Safety Charts

For this example, I will be using the Static Roof in Safety at 569$. When the price goes above 569$ the roof in will send a buy signal.

Chart-safe.jpg


And thats it! Its quite easy to read Safety charts and it is highly recommended that users become familiar with every technical analysis Indicator to utilize the full potential of Haasbot.