@Stephan,
Could you please write a little bit about how the safeties work?
I have tried looking them up in trading dictionaries but I am not able to find what "RoofOut" means etc.
I presume it is when the signal turns 90 degrees to fall, the bot would sell out before the signal reached the base line. Is this correct?
Thank you
No. I don't think thats how the 'RoofOut' works. I just looked over the Indicator. It looks more like its a 'Limit Sell Order'
Notice in the static Roofout it asks for a price while the Dynamic Roofout asks for a percentage above the buy price. That tells me it works oppisite of how a stop loss does.
Roof Out would be used to secure profits in a gaining trade. Since we can't know for sure how high a price will gain in a trade some like to limit their outcome by selling early to secure a profit.