I’m sure this is mentioned on a video, but there are so many of them to filter through to find the answer to these questions. I think I’ve been using incorrect numbers this whole time, so please verify for me:
Using AutoClimate, under Settings, changing the amount of ticks changes some results.
1. The ATR Spread and the Current numbers always remain the same. But the UpSTD and DownSTD results change whenever the “BarsBack” number changes. What is the proper number of ticks to lock in for all futures? (I’m on a 15-minute AutoClimate, but I guess it could be a Daily, or whatever.)
2. AutoClimate is designed to work on any future and any time frame. So, can I put AC directly on a 2-minute chart, just like I’d put on a MACD or Slow Sto, and assume the same settings as in question #1 and have it work properly?
1. You are right, the amount of data loaded on the screen impacts the stats that AutoClimate displays. The more data is loaded the more relevance those stats have but also the more it will slow down your TradeStation… A good practice would be to select a specific amount of bars (at least 500) and save it as a default in your TradeStation so it is always the same…
2. AutoClimate is not designed to work with AutoUFOs… It is certainly the ideal companion for the UFOs but you could assess the market condition without using AutoClimate applying other techniques. AutoClimate answers “question 1” within the context of our courses (is it time to trade or not? and if so is it time to go long or short). Applying it to other time frames depends on your trading plan rules and when creating variations of your rules we always recommend to back-test them to have an initial assessment of their impact…
We hope this clarifies.