NoNonsense Forex - high timeframe trading absurd NON-REPAINTINGSome time ago I bumped into NoNonsense Forex - pretty good-looking course with well-designed videos, reasonable rules, etc. Nice explanatory videos, not selling anything, building indicators-only strategy. But there was one thing that really annoyed me - it was supposed to work only on Daily timeframe. What is the point in trading such high timeframe, if decisions changing market direction are playing out within 1 minute? What is the point in evaluating trades from 1994 if we are 25 years later?
Anyway, I have developed this strategy, which is:
- non-repainting
- not using trailing-stop
- not using any other known TradingView backtest bugs
And I'm showing it as an example of OVERFITTING. Backtesting results look absurd: 100% profitable. But if you change any of the many parameters in the Settings popup, they will turn into disaster. It means, the rules of this strategy are very fragile. Don't trade this! Remember about backtesting rule #1: past results do not guarantee success in the future.
I'm giving this strategy out with the source code. Feel free to do anything you want with it. But if you find parameters or modifications on, which allow profitable trading on lower timeframes, don't be shy, let me know :)
*********
Forex / Indices / Commodities traders who want to start AUTO-TRADING might want to take a look at "TradingConnector", which allows no-latency trades execution from TradingView to MT4/MT5.
Backtest
Real Candles Heikin Ashi (HA) Candle functionsThis script plots both real and HA candles regardless or which are used on the chart in TV settings.
(and has the functions for you to use.)
Lots of people seem to misunderstand backtesting (or scam people) based on HA candles.
Backtesting with HA candles leads to impossible trades. ALWAYS backtest with real candles.
That doesn't mean you might not want to look at HA candle values to make trading decisions.
Add the code below to calculate HA candles from real and use that in your HA trading algo,
but test it on real charts.
SuperTrend BacktesterThis is a backtesting script for the famous Super Trend.
Features
- Custom Date Range
- Custom Targets and Risks
Requested by Dlatrella
Backtest PREMIUM Suite+ (Plug & Play)Hello traders
I. 💎 SCRIPTS ACCESS AND TRIALS 💎
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. Many video tutorials explaining clearly how all our indicators work are available on our website > guides section.
4. You may also contact me directly for more information
II. 🔎 Backtest PREMIUM Suite+ (Plug & Play) 🔎
2.1 Forewords
This indicator is available only to our PREMIUM 12 months users. YES! I said indicator, and not strategy or backtest for an excellent reason.
We wanted to make it as generic as possible and allow anyone to connect any indicator of his/her choice in a few clicks only.
This is NOT possible (in TradingView) with a strategy/backtest, but only with an indicator - that's why we worked on recoding the whole backtest logic as an indicator.
The PRO edition does not handle any pyramiding/re-entry - as such enters only once per trend by design. This feature is reserved for our PREMIUM users.
2.2 Concept
This is an indicator that I saw on TradingView and was introduced by the @Pinecoders account on TradingView.
I inspired myself from his Backtest Engine to offer a version more adapted to my vision - The benefits of connecting yourself any indicator to our Backtest engine are amazing and huge.
The concept can't be more simple. Imagine using any indicator and connecting to a backtest system in a single click.
You may connect your Algorithm Builder also to this complete backtesting system in a single click.
What's better between paying thousands for each backtest, or connecting yourself your indicators to your backtest with a click?
That was a rhetoric question, but you can still share your answer with me if you want to :)
III. The amazing benefits of our🔌&🕹️ (Plug&Play) system
Issue #1 💲 A BACKTEST SYSTEM IS COSTLY 💲
Hiring a developer to code a custom indicator is costly. For a custom backtest it's even more expensive as those scripts are very often way more complicated.
Now imagine, that now that you see your idea live on a chart, you'll realize you'll have to finance another backtest system, as the one you have is not compatible with your new idea.
Solution #1 💲💲 YOU COULD BE SAVING SOME MONEY 💲💲
just because it won't be needed to hire someone else for each of your trading idea.
We will never guarantee your success on the market, but THIS I stand by it any day any hour.
You can connect any indicator or your choice by updating your indicator slightly and connecting it to our Backtest engine. We send the tutorial for doing it to all our customers.
Issue #2 🕔 IT'S TIME-CONSUMING 🕔
Even if someone is doing all the coding for you, it might require days/weeks depending on your overall trading strategy/idea.
Without even counting the time for you to test/validate the work done and all the back-and-forth to fix all the issues.
Solution #2 SAVING TIME MIGHT EQUATES TO SAVING MONEY : 🕔 = 💲💲💲
I wish it could be as easy as going from weeks of coding to "1 single click" :)
I did the heavy-lifting, but you'll have to make the last effort the cross the finishing line. I made it easy for you to play with it and find a configuration that makes sense to YOU and for your strategy/asset/timeframe
Issue #3 ❌ IT'S COMPLICATED ❌
Someone did a backtest code for you, but... you can't update it because you either :
- don't know anything in programming
- ... and don't have time to learn (most of us have a job/family/...life)
- The system you have is way too specific for one of your previous idea, but can't be updated easily for your next trading ideas. I see a lot of traders nodding right now thinking "that's soooooo true !!!!"
Solution #3 🎉 WE MADE IT EASY AND FUN 🎉
Our goal is to externalize the technical stuff that you don't want to take care of - so that you can finally focus on your trading and optimizing your ideas. #bold #statement
In case you're wondering, no we're not reading your mind :), but we're also traders who didn't know how to code before and had to hire external programmers to do the heavy work for us.
You can be sure that most of the frustrations (trading, technical, ...) you have/had, we had them also and that's why we created this backtest indicator.
III. 🔌&🕹️
Hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
In TradingView, there is a feature called "Indicator on Indicator" meaning you can use an external indicator as a data source for another indicator.
I'm using that feature to connect any external indicator to our Backtest PREMIUM Suite+ (Plug & Play) - hence the plug and play name. Please don't make it a plug and pray :) it's supposed to help you out, not to stress you even more
Let's assume you want to connect your Algorithm Builder Multiple Trends+ to your Backtest PREMIUM Suite+
I mentioned an Algorithm Builder but you may connect any oscillator (MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
THE SKY IS (or more likely your imagination) is the limit :)
Fear no more. The Plug&Play technology allows you to connect it and use it the backtest calculations.
This is not magic, neither is sorcery, but certainly is way beyond the most awesome thing I've ever developed on TradingView (even across all brokers I know). #bolder #statement
TradingView is the best trading platform by far and I'm very grateful to offer my indicators on their website.
To connect your external indicator to ours, we're using a native TradingView feature, which is not available for all users.
It depends on your TradingView subscription plan ( More info here )
If you intend to use our Algorithm Plug&Play indicator, and/or our Backtest Plug&Play suites, then you must upgrade your TradingView account to enjoy those features.
We value our relationship with our customers seriously, and that's why we're warning you that a compatible TradingView account type is required - at least PRO+ or PREMIUM to add more than 1 Plug&Play indicator per account.
We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature
IV. 📊 Make it nice! 📊
Now we're getting right into the fun stuff.
Let's explore briefly each display option (symbolized by an 👁️🗨️ in the Backtest UI) :
- Color Traded Background : Color the chart background is green when in a BUY trade, in red when in a SELL trade. If the Backtest is not in a trade, then the background won't be colored.
- Show Entry/Exit Markers : Displays the entries (Enter Long/Enter Short), and exits (Exit Long/Exit Short) labels.
- Show Entry Level : Displays a blue level line to easily identify the entry price of a trade.
- Show Take Profit Level : Display a purple line to visualize where the Take Profit level is (we'll explain below how to set it up).
- Show In-Trade Stops : Display the stop-loss
V. Backtesting filters
A backtest should have some filters helping the traders testing a few hypotheses. Well.... we included a ton of them.
Once again, thank you @Pinecoders for the help and support you gave me
5.1 ↑ Trade Direction ↓
- Both: The backtest takes the BUY, and SELL trades.
- Longs only/Short only: To be used if the trader wants to take the trades in a unique direction only
5.2 ▲🔷Pyramiding🔷▼
The Backtest PRO allows 1 entry per identified trend
Pyramiding has many names such as Re-entry, secondary trend, Additional entry, ...
Basically, it refers to entering multiple times in the same trend.
Maximum Number of Pyramiding Entries: Literally the max number of re-entries in the same trend.
For instance, if set to 2, then depending on the signals, you'll get at most 2 re-entries in the same trade direction.
- Position Size Multiple of Original Entry Position: Option to add X multiples of the original position size for the re-entries.
Example: Position size multiple = 2, and First entry size is $100. Then, the re-entries position sizes will be ($100 X 2 = $200).
5.3 ▄ █ Position sizing █ ▄
- 1. % of Equity: If selected, the position size used is the input to the right of 1. % of Equity.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 3% of $103K
- 2. % of Capital: If selected, the position size used is the input to the right of 2. % of Capital.
In other words, the position size will always be the same position size as calculated on the initial capital.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 5% of $100K. (As 100K is the initial capital used in our dummy example)
5.4⛔ Entry Stops and In-Trade Stops ⛔
We didn't reinvent the wheel here. Any good backtest should offer an entry stop-loss and an in-trade stop-loss.
Giving only here also an example among all the use cases. For instance, the trader sets a stop-loss 2% at the time of entry on your trade, but once the trade moves in the desired direction, the trader might want a trailing stop-loss using a 4% input.
Example: A trader goes LONG on only 1 "ABC" stock evaluated $10 per share.
1) The entry-stop loss will be 2% away so set at $8
2) A candle
3) The trailing stop will activate, and move the stop-loss from the entry stop-loss level (=$8) to $8.32 (=4% move up from $8) - and so on, and so forth for each time the price moves 4% up
The entry and in-trade stop losses can absolutely be identicals. There is no universal rule, and as always you know the drill - all depends on your backtest, and trading strategy as a whole.
5.5 ❌ Hard Exits ❌
⚠️The Backtest PRO Suite offers the hard exit on MACD only.
Our Backtest PREMIUM Suite offers 2 more indicators to invalidate your trades on :
1. MACD
2. Trend Direction
3. RSI divergence (Regular, and Hidden)
The hard exit (or invalidation) is a fundamental part of my trading method.
I explained numerous times on TradingView, our website, and social media channels why I "love" this concept so much, and how it saved my trading account numerous times from getting savagely wrecked by the market.
5.6 💲💲 Take Profit 💲💲
We only included 1 level of Take Profit so far. We'll work on adding at least one more soon.
You can set your Take Profit level based on either a:
1- Fixed value
2 - Percentage value
5.7 📆 Date Range Filtering 📆
If enabled, the backtest only uses the data between the starting and the ending dates of the defined range.
5.8 ⏱️ Hourly Range Filtering ⏱️
Please note that the hours filtering is based on the broker time - not on your chart time.
In other words, if your chart is UTC+1, but you're trading an asset from a US EAST COAST broker, then the timezone used is the UTC-4 timezone.
You'll must be wary of this when filtering and probably do a quick (but simple) calculation before setting up this option.
The easiest would be to set your chart timezone on the broker local timezone (and no math is needed).
Let's add a quick note that the hourly filter is also included in our Algorithm Builders PRO/PREMIUM 12 months. #shameless #self #advertising
5.9 ❗❗ Fees and Slippage ❗❗
Too often completely ignored by many traders, the fees can eat gains out quickly/deepen one's capital faster than expected.
⚠️The fees vary between brokers, and asset traded - it could be recommended to check on your broker page what are the fees for the asset on your chart, and insert that percentage number.
Another cost ignored, even more, is the Slippage.
i.e. think about a Stop-Loss being hit, and we're so confused because we see on the chart that NEVER the price came even close to your SL level, but... it got hit anyway.
Yes! we know how frustrating it is, but that's the game we're playing, and trading should never be about blaming the game, but only blaming the players/traders/ourselves.
Blaming the game constantly is likely to not end with good performance results, but accounting for this "risk", and being able to quantify it is an incredible hedge. #bold #statement #level #10000
5.10 🔔 Alerts 🔔
By design, the alerts aren't available for strategy scripts. But this script is an... indicator so why should we not enjoy all the cards in our hands the fullest.
We enabled the alerts on the:
1. Main BUY/SELL Entry
2. Pyramiding BUY/SELL Entries
3. Exit Signals such as stop-loss, take-profit, hard-exits
You're welcome :)
VI. 📝 Where are the backtest results? 📝
Answer: in the Data Window section of your TradingView
Now the cherry on the cake if we might say so. A backtest is cool, but visualizing results is actually the end goal here.
Our PREMIUM users benefit from way more analytics than the PRO users.
More info available on our website.
The Data Window is dynamic - it means whenever you'll mouseover at a give time on your chart, the data on that panel automatically updates.
Let's assume you're backtesting your idea between Sept 1st, 2019, and Oct 1st, 2019.
If your mouse cursor is located (or hovered) at a candle on Sept 14th, 2019 (data chosen randomly for this example), then the data displayed only includes the results between Sept 1st, and Sept 14th.
More info available on our website with a nice tutorial video. Data window metrics and filters explained on our website
Here's what the data window looks like: imgur.com
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators.
You only will judge and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Backtest PRO Suite+ (Plug & Play)Hello traders
I. SCRIPTS ACCESS AND TRIALS
1. For the trial request access, they have to be done through my website .
2. My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
Due to the new scripts publishing house rules, I won't mention the URL here directly. As I value my partnership with TradingView very much, I prefer showing you the way for finding them :)
3. Many video tutorials explaining clearly how all our indicators work are available on your website > guides section.
4. You may also contact me directly for more information
II. Backtest PRO Suite+ (Plug & Play)
2.1 Forewords
This indicator is available only to our PRO 12 months users. YES! I said indicator, and not strategy or backtest for an excellent reason.
We wanted to make it as generic as possible and allow anyone to connect any indicator of his/her choice in a few clicks only.
This is NOT possible (in TradingView) with a strategy/backtest, but only with an indicator - that's why we worked on recoding the whole backtest logic as an indicator.
The PRO edition does not handle any pyramiding/re-entry - as such enters only once per trend by design. This feature is reserved for our PREMIUM users.
2.2 🔎 Concept 🔎
This is an indicator that I saw on TradingView and was introduced by the @Pinecoders account on TradingView.
I inspired myself from his Backtest Engine to offer a version more adapted to my vision - The benefits of connecting yourself any indicator to our Backtest engine are amazing and huge.
The concept can't be more simple. Imagine using any indicator and connecting to a backtest system in a single click.
You may connect your Algorithm Builder also to this complete backtesting system in a single click.
What's better between paying thousands for a backtest, or connecting yourself your indicator to your backtest with a click?
That was a rhetoric question, but you can still share your answer with me if you want to :)
III. The amazing benefits of our🔌&🕹️ (Plug&Play) system
Issue #1 💲 A BACKTEST SYSTEM IS COSTLY 💲
Hiring a developer to code a custom indicator is costly. For a custom backtest it's even more expensive as those scripts are very often way more complicated.
Now imagine, that now that you see your idea live on a chart, you'll realize you'll have to finance another backtest system, as the one you have is not compatible with your new idea.
Solution #1 💲💲 YOU COULD BE SAVING SOME MONEY 💲💲
just because it won't be needed to hire someone else for each of your trading idea.
We will never guarantee your success on the market, but THIS I stand by it any day any hour.
You can connect any indicator or your choice by updating your indicator slightly and connecting it to our Backtest engine. We send the tutorial for doing it to all our customers.
Issue #2 🕔 IT'S TIME-CONSUMING 🕔
Even if someone is doing all the coding for you, it might require days/weeks depending on your overall trading strategy/idea.
Without even counting the time for you to test/validate the work done and all the back-and-forth to fix all the issues.
Solution #2 SAVING TIME MIGHT EQUATES TO SAVING MONEY : 🕔 = 💲💲💲
I wish it could be as easy as going from weeks of coding to "1 single click" :)
I did the heavy-lifting, but you'll have to make the last effort the cross the finishing line. I made it easy for you to play with it and find a configuration that makes sense to YOU and for your strategy/asset/timeframe
Issue #3 ❌ IT'S COMPLICATED ❌
Someone did a backtest code for you, but... you can't update it because you either :
- don't know anything in programming
- ... and don't have time to learn (most of us have a job/family/...life)
- The system you have is way too specific for one of your previous idea, but can't be updated easily for your next trading ideas. I see a lot of traders nodding right now thinking "that's soooooo true !!!!"
Solution #3 🎉 WE MADE IT EASY AND FUN 🎉
Our goal is to externalize the technical stuff that you don't want to take care of - so that you can finally focus on your trading and optimizing your ideas. #bold #statement
In case you're wondering, no we're not reading your mind :), but we're also traders who didn't know how to code before and had to hire external programmers to do the heavy work for us.
You can be sure that most of the frustrations (trading, technical, ...) you have/had, we had them also and that's why we created this backtest indicator.
III. 🔌&🕹️
Hope you're ready to be impressed. Because, what I'm about to introduce, is my best-seller feature - and available across many of my indicators.
In TradingView, there is a feature called "Indicator on Indicator" meaning you can use an external indicator as a data source for another indicator.
I'm using that feature to connect any external indicator to our Backtest PRO Suite+ (Plug & Play) - hence the plug and play name. Please don't make it a plug and pray :) it's supposed to help you out, not to stress you even more
Let's assume you want to connect your Algorithm Builder Single Trend+ to your Backtest PRO Suite+
I mentioned an Algorithm Builder but you may connect any oscillator (MACD, On balance volume, stochastic RSI, True Strenght index, and many more..) or non-oscillator (divergence, trendline break, higher highs/lower lows, candlesticks pattern, price action, harmonic patterns, ...) indicators.
THE SKY IS (or more likely your imagination) is the limit :)
Fear no more. The Plug&Play technology allows you to connect it and use it the backtest calculations.
This is not magic, neither is sorcery, but certainly is way beyond the most awesome thing I've ever developed on TradingView (even across all brokers I know). #bolder #statement
TradingView is the best trading platform by far and I'm very grateful to offer my indicators on their website.
To connect your external indicator to ours, we're using a native TradingView feature, which is not available for all users.
It depends on your TradingView subscription plan ( More info here )
If you intend to use our Algorithm Plug&Play indicator, and/or our Backtest Plug&Play suites, then you must upgrade your TradingView account to enjoy those features.
We value our relationship with our customers seriously, and that's why we're warning you that a compatible TradingView account type is required - at least PRO+ or PREMIUM to add more than 1 Plug&Play indicator per account.
We go in-depth on our website why the Plug&Play is an untapped opportunity for many traders out there - URL available on my profile status and signature
IV. 📊 Make it nice! 📊
Now we're getting right into the fun stuff.
Let's explore briefly each display option (symbolized by a 👁️🗨️ in the Backtest UI) :
- Color Traded Background : Color the chart background is green when in a BUY trade, in red when in a SELL trade. If the Backtest is not in a trade, then the background won't be colored.
- Show Entry/Exit Markers : Displays the entries (Enter Long/Enter Short), and exits (Exit Long/Exit Short) labels.
- Show Entry Level :Displays a blue level line to easily identify the entry price of a trade.
- Show Take Profit Level : Display a purple line to visualize where the Take Profit level is (we'll explain below how to set it up).
- Show In-Trade Stops : Display the stop-loss
V. Backtesting filters
A backtest should have some filters helping the traders testing a few hypotheses. Well.... we included a ton of them - even for the PRO version
Once again, thank you @Pinecoders for the help and support you gave me
5.1 ▄ █ Position sizing █ ▄
- 1. % of Equity: If selected, the position size used is the input to the right of 1. % of Equity.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 3% of $103K
- 2. % of Capital: If selected, the position size used is the input to the right of 2. % of Capital.
In other words, the position size will always be the same position size as calculated on the initial capital.
Example: The trader starts with a capital of 100K. After a winning trade, your total capital is $103K - for the next trade the position size will be 5% of $100K. (As 100K is the initial capital used in our dummy example)
5.2⛔ Entry Stops and In-Trade Stops ⛔
We didn't reinvent the wheel here. Any good backtest should offer an entry stop-loss and an in-trade stop-loss.
Giving only here also an example among all the use cases. For instance, the trader sets a stop-loss 2% at the time of entry on your trade, but once the trade moves in the desired direction, the trader might want a trailing stop-loss using a 4% input.
Example: A trader goes LONG on only 1 "ABC" stock evaluated $10 per share.
1) The entry-stop loss will be 2% away so set at $8
2) A candle
3) The trailing stop will activate, and move the stop-loss from the entry stop-loss level (=$8) to $8.32 (=4% move up from $8) - and so on, and so forth for each time the price moves 4% up
The entry and in-trade stop losses can absolutely be identicals. There is no universal rule, and as always you know the drill - all depends on your backtest, and indicator configurations as a whole.
Last, but not the least, selecting an Entry stop-loss is mandatory, but the in-trade stop-loss is not. Up to you to decide if the in-trade SL is needed for your Backtest strategy.
5.3 ❌ Hard Exits ❌
We included the MACD hard exit indicator in the backtest - as we did also for the Algorithm Builders.
The hard exit (or invalidation) is a fundamental part of my trading method.
I explained numerous times on TradingView, our website, and social media channels why I "love" this concept so much, and how it saved my trading account numerous times from getting savagely wrecked by the market.
5.4 💲💲 Take Profit 💲💲
We only included 1 level of Take Profit so far. We'll work on adding at least one more soon.
You can set your Take Profit level based on either a:
1- Fixed value
2 - Percentage value
5.5 📆 Date Range Filtering 📆
If enabled, the backtest only uses the data between the starting and the ending dates of the defined range.
5.6 ❗❗ Fees and Slippage ❗❗
Too often completely ignored by many traders, the fees can eat gains out quickly/deepen one's capital faster than expected.
⚠️The fees vary between brokers, and asset traded - it could be recommended to check on your broker page what are the fees for the asset on your chart, and insert that percentage number.
Another cost ignored, even more, is the Slippage.
i.e. think about a Stop-Loss being hit, and we're so confused because we see on the chart that NEVER the price came even close to your SL level, but... it got hit anyway.
Yes! we know how frustrating it is, but that's the game we're playing, and trading should never be about blaming the game, but only blaming the players/traders/ourselves.
Blaming the game constantly is likely to not end with good performance results, but accounting for this "risk", and being able to quantify it is an incredible hedge. #bold #statement #level #10000
5.7 🔔 Alerts 🔔
By design, the alerts aren't available for strategy scripts. But this script is an... indicator so why should we not enjoy all the cards in our hands the fullest.
We enabled the alerts on those Backtest Entry/Exit signals. You're welcome :)
VI. 📝 Where are the backtest results? 📝
Answer: in the Data Window section of your TradingView
Now the cherry on the cake if we might say so. A backtest is cool, but visualizing results is actually the end goal here.
The Data Window is dynamic - it means whenever you'll mouseover at a give time on your chart, the data on that panel automatically updates.
Let's assume you're backtesting your idea between Sept 1st, 2019, and Oct 1st, 2019.
If your mouse cursor is located (or hovered) at a candle on Sept 14th, 2019 (data chosen randomly for this example), then the data displayed only includes the results between Sept 1st, and Sept 14th.
More info available on our website with a nice tutorial video. Data window metrics and filters explained on our website
Here's what the data window looks like: imgur.com
If you have any doubt or question, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or the best indicators.
You only will judge and I'll appreciate all the questions and feedback you're sending my way.
They help me a ton to develop indicators based on all the requests I received.
Kind regards,
Dave
Cyatophilum H.A. Swing [BACKTEST]Hi guys, to celebrate the beginning of a new altcoins cycle, I created a Swing trade Indicator. (It's a joke, there will not be any altcoins cycle)
Cyatophilum Heikin Ashi Swing
This indicator will allow us to create one strategy for each pair and never miss those big swings ever again!
HOW BEAT BUY & HOLD WORKS
This kind of strategy is a safe long term investment , usually played in high timeframes such as 4H, 1D etc.
It is perfect for beginners in trading as the process is very simple: buy and sell when you receive the alert. The high timeframes allows to trade manually by receiving alerts on your phone or email, but you also can automate it if you prefer.
The primary goal of these strategies is to increase your capital faster than someone simply holding the asset .
The trades are made with no leverage and 100% equity . It is for those who want to grow their portfolio fast without risking to lose everything. You can use several strategies at once, in this case split your equity accordingly.
HOW DOES IT WORK?
The Heikin Ashi candles are very usefull. This strategy is built upon H.A. candles but is used on normal candles, because H.A. candles price are an average of real candles and we want to know the real price. I did the trick by recalculating the H.A. open, high, low and close with the original formula based on the real candles's ohlc. This allows me to use the strategy tester and backtest with real results.
HOW TO USE
Creating a signal is as simple as adding the indicator called to your chart and click "Set alert". Select "Once per bar close" for your alert options.
There are 3 alerts:
- BUY
- SELL
- BUY OR SELL (for free TV users)
Sample Backtest results
Bitcoin/Dollar
Ethereum/Bitcoin
Basic Attention Token/Bitcoin
> > Start using the indicator now < <
Note: This version is the BACKTEST. You can find the Alert version in my profile scripts.
Cyatophilum H.A. Swing [ALERT SETUP]Hi guys, to celebrate the beginning of a new altcoins cycle, I created a Swing trade Indicator. (It's a joke, there will not be any altcoins cycle)
Cyatophilum Heikin Ashi Swing
This indicator will allow us to create one strategy for each pair and never miss those big swings ever again!
HOW BEAT BUY & HOLD WORKS
This kind of strategy is a safe long term investment , usually played in high timeframes such as 4H, 1D etc.
It is perfect for beginners in trading as the process is very simple: buy and sell when you receive the alert. The high timeframes allows to trade manually by receiving alerts on your phone or email, but you also can automate it if you prefer.
The primary goal of these strategies is to increase your capital faster than someone simply holding the asset .
The trades are made with no leverage and 100% equity . It is for those who want to grow their portfolio fast without risking to lose everything. You can use several strategies at once, in this case split your equity accordingly.
HOW DOES IT WORK?
The Heikin Ashi candles are very usefull. This strategy is built upon H.A. candles but is used on normal candles, because H.A. candles price are an average of real candles and we want to know the real price. I did the trick by recalculating the H.A. open, high, low and close with the original formula based on the real candles's ohlc. This allows me to use the strategy tester and backtest with real results.
HOW TO USE
Creating a signal is as simple as adding the indicator called to your chart and click "Set alert". Select "Once per bar close" for your alert options.
There are 3 alerts:
- BUY
- SELL
- BUY OR SELL (for free TV users)
Sample Backtest results
Bitcoin/Dollar
Ethereum/Bitcoin
Basic Attention Token/Bitcoin
> > Start using the indicator now < <
Note: This version is the ALERT SETUP. You can find the Backtest version on my profile scripts.
How To Set Trade Dates
Example how to backtest specific date(s) which can be useful for testing seasonality strategy ideas such as "Sell in May", etc.
If using Daily period with wild card dates it will not trade on 1st day of month. If market is closed will trade on next open day.
Works only with Daily or lower timeframes. When using on Daily timeframe set dates 1 day earlier to execute on desired dates.
Entering 0 in any of the date fields acts a wild card. Example -> Entry Year: 0 is "Every Year", Exit Month: 0 is "Every Month", etc.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
How To Auto Set Date RangeExample how to automatically set the date range window to be backtested from X days or weeks ago to present. Additional options are also included to manually set the date range or to show entire range available.
Normally when you change chart period it changes the number of days being backtested, which means as you increase the chart period (for example from 5min to 15min), you also increase the number of days traded. So you can not compare apples to apples for which period would yield best performance for your strategy.
By incorporating this code with your own strategy's logic (replacing buy and sell), it will allow you to compare results of different period backtests over the same duration of time.
Date Range: ALL uses entire history.
Date Range: DAYS uses number you set in # Days or Weeks
Date Range: WEEKS uses number you set in # Days or Weeks
Date Range: MANUAL uses manual dates you set in From and To fields
Much gratitude to @pinechrix for suggesting this improvement to me, and to @Gesundheit for pointing me in the right direction on the original example I published previously. Thank you both!
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Cyatophilum SuperTrend [BACKTEST]The SuperTrend Indicator and Strategy built upon Average True Range.
- Backtest Version -
>> READ HOW TO USE HERE <<
DepthHouse Trading System [Gods Envelope] Backtest StrategyCreated for Bitcoin!
*All testing has been done on the 1 Day time frame of BTC USD pairs.
Use at your own risk.
DepthHouse Trading System Basics
The Cloud:
The cloud is used in a very similar manner as the ichimoku cloud. A complete cross above or below the represents a macro trend change. The cloud then could be used as dynamic support and resistance zones.
By default there is no smoothing to the full cloud. If you wish to add smoothing, you can change the ‘Trend Base On’ option to ‘Modded Cloud Average’ to add price action and smoothing into the cloud’s calculations. The Modded Cloud can then be used in the same manner as the Full Cloud. Generally, the Full Cloud is more forgiving and has less Macro Trend changes. By default, this option is turned off. The support or resistance zone created will be shown on the info panel on the right.
Horizontal Levels:
A Horizonal zone is generated each time there is a micro level trend change. For example, as soon as a positive micro trend change occurs a green horizontal level will be plotted.
These levels then can be used as temporary support and resistance zones. The Horizontal Break Trading Strategy is entirely based on these levels. These levels are also shown on the info panel on the right.
The Envelope Itself: (by default this is off)
By selecting the Overbought and Oversold Ranges option, a cloud envelope will appear around the price action. This envelope represents the overbought and oversold ranges. If the price action should go into these zones, the info panel on the right will show ‘CAUTION’ beside the God Values as this signals that the pair is either overbought or oversold.
The God Values:
The God values are listed on the info panel on the right. These are the values created by the Godmode indicator. Generally, below 20 or above 80 it signals for caution as the price action has overextended itself.
The Back-Test Strategy Options:
⇅ - Child Fomo Positioning:
Child Fomo Positioning strategy is entirely based on the macro trend change with the center cloud. As soon as there is a complete candle close above or below the cloud and a trend change takes place. The back-test places a market order as soon as the next candle opens. By default, it then will not close this position until the price action fully crosses the cloud once again.
⇅ - Horizontal Break Trading:
Horizontal Break Trading Strategy is entirely based on the horizontal levels generated and the macro trend direction. For example, say the Macro Trend is up, and a green, positive horizontal level is formed. As soon as a complete candle closes above the upper level of the positive zone, a limit order is placed in hope that the price action comes back down and retests, filling the order. This long will not close then until a negative level is formed. As soon as a negative level is formed a stop/loss order is placed on the lower level of the horizontal support zone. It will then do the opposite in a bearish trend, and margin trading is turned on.
⇅ - Parent Positions :
Parent Positioning Strategy is based on the overall trend and the center cloud levels. This strategy has limit orders waiting on the level of the cloud that is closest to the price action. Therefore, using this strategy alone, the back-test system waits for the trend to be confirmed, and then follows the price action with limit orders waiting on the cloud to be retested. By default this order does not close until a Marco trend change occurs.
⇅ - Take 50% Partial Profits:
This options allows the back-test to take 50% profit or loss when one of the two options occur.
Horizontal Break: This would close 50% of the position in the same manner it would close a trade using the horizontal break trading system.
God Values: Once the price action enters the oversold or overbought clouds, it would then place a close order as soon as the price action exits the cloud.
⟲ - Backtest Year Start Date :
Start year of the back-testing. If set to ex. 2017, the back-test will not calculate any trades that took place before Jan. 1 of 2017.
⚖ - Margin Trading :
By default, margin trading is turned off. Simply switch this option to on the enable ‘Short Trading’ into the strategy back-test.
Notes: If you are back testing multiple strategies at the same time, you must increase the pyramiding to correspond to the number or strategies.
My Favorite Settings:
Margin = Off
Pyramiding = 2 [Settings → Properties → Pyramiding → 2 orders
Child Fomo Positioning = On
Horizontal Break Trading = On
Everything else off 😊
DISCLAIMER: Past performance does not guarantee future results.
Use at your own risk.
Cyatophilum Shooting Stars 1m [ALERTSETUP]A Scalping Script Setup for the 1m Timeframe, using the cheesy candle pattern "Shooting Stars" plus some Trend Detection, Stop Loss and Take Profit integrated system, allowing these nice backtest results.
Currently in continuous development / real time testing on BitMEX data.
Cyatophilum Shooting Stars 1m [BACKTEST]A Scalping Script for the 1m Timeframe, using the cheesy candle pattern "Shooting Stars" plus some Trend Detection, Stop Loss and Take Profit integrated system, allowing these nice backtest results.
Currently in continuous development / real time testing on BitMEX data.
MA Crossover_ No shortingThis script is intended for back testing MA crossover strategy specifically for Vietnam Market, which does not allow short selling and has a settlement period of T+3.
Gap Up Stats - Gap Strategie für Aktien! Was passiert eigentlich nach einem X% Gap? Diese Frage lässt sich nun einfach beantworten! Ändere die % und die Anzahl der Jahre, welche Du testen möchtest mit nur einem Klick. Die unterschiedlichen Werte zeigen Dir dann direkt, ob sich Deine Handelsthese mit den Statistiken der Aktie deckt.
In diesem Fall sehen wir, dass die Aktie über das letzte Jahr in allen Fällen unter dem Eröffnungspreis geschlossen hat. Der durchschnittliche Spike lag bei 16%. Damit ist ein Short die richtige Wahl und die potentiellen Level der Aktie können mit der Statistik vereint werden.
Bei Interesse ist dieses Skript bei uns erhältlich.
Viele Grüße
WirmachenTrader®
RePaNoCHa V4 [Backtest]This is the Backtest version of the previous one.
It's important to correctly set the "TICKS / PIPS CORRECTION" parameter in each different chart.
Enjoy!
Algorithm Builder (Signal version)Gentlemen traders
As promised, here's the Algorithm Builder (Signal Version) that is an alternative version of that previous indicator : Strategy-Builder-Crypto-Single-Trend-Plots/
This one was quite successful and already 11 person bought for me which is unbelievable. Thank you so much guys for your appreciation of my work
The script of this present post is still invite-only because it required years in the making (it's the fruit of all my errors and trials while trading for the past 7 years and when developing trading bots for traders professionally)
What's the Algorithm Builder?
Simply put, the indicator will detect the confluence/convergence of multiple unrelated indicators and alert you when the ones YOU selected will be in the same direction. (if you didn't understand this it's because I'm french)
For example, let's say you select a MM cross and MACD, whenever the MM cross will be green/bullish AND MACD green/bullish also, you'll get a nice .... wait for it..... green/bullish /diamond. Starting to see what I meant before now :)
Not sure if I should go as far as introducing the other example but let's go for it. Still, in the same spirit, a confluence of red/bearish MM cross and red/bearish MACD will give .... (finish the sentence and you'll get my appreciation. hint: the color of the diamond will be red)
So what's cool about it now ... or I should say even cooler... even more awesome (Barney Stinson, please hive five me for this tool...) is that it can be plugged in a single click to a complete Backtest engine
I inspired myself greatly from the Pinescripters Backtesting-Trading-Engine-PineCoders/ but had to make changes to adapt it to my tool.
It took me a few days of work and I'll share it also tomorrow so please stay tuned and give me a follow so that you'll be updated
In the Backtester itself, I added some features like :
- Stop-loss based on supertrend
- Hard Exit based on indicators used by the Algorithm Builder
I just made it more relevant for my indicator
Performance sir?
The period selected for the screenshot below is the last 3 months
Here's a preview of what you should expect tomorrow as well imgur.com
There isn't a BEST configuration for the tool. I made one that matches my psychology and capital. You'll have to find yours by playing with it or asking me for a bit of help if you're lost
Will require a bit of work but could be very worth it in the end :)
What's next sir?
I'm perfectly aware that the indicator doesn't give a lot of signals and that's because it's an entry-level version of all the Algorithm Builders I'm selling now and will be available on my website by end of August (along with the website itself)
More advanced versions already made allow to :
- get more entries
that one is the best addition, in my opinion, it multiplies the gains (and losses :P) as it allows some orders pyramiding and to reinforce a position if the trend is very strong. You won't have to do anything, just to wait for the alerts by email/sms from TradingView
- multiple take profit levels
- connected to systems like Autoview/ProfitView to automatize even more your trading and send those signals to your broker directly (I will strongly advise starting with a demo account for 1 week or 2 here, I don't want you to burn your capital if any unexpected bad event will happen)
- screener
If you're interested please message me. I can develop your custom indicator/strategy/backtest/automatic system or if you're ready the take the leap of faith and try this indicator or the more advanced versions
And before I get asked, yes this is the tool I use for my own trading as initially, I made it for me. Now sharing a bit of my work (and too much of my life) with the community
PS
____________________________________________________________
Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future.
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
- if you like my work and wants to buy me some coffee :
- BTC TipJar: 3MKDve7stWTe1io99oFxeQXvP8XB4zCQ8m
- LTC TipJar: MC5oeBAhw9BLqyi65TR3J1Lid8io9uHADw
Hull Trend with Kahlman Strategy BacktestA simple backtest version of a Hull Trend with Kahlman strategy
Average True Range BandsThis is a simple script to assist you in manual backtesting! Perfect for the NNFX crowd or anyone that enjoys manual backtesting.
Usage
1. Slap this bad boy on your chart.
2. Adjust period and multiplier (defaults are 14 period and 1.5x).
3. Put on the indicator/system you are testing.
4. Enter bar replay mode.
5. Drag your long/short position take profit and stop loss to the upper and lower bands.
(long/short positions are available on the left-hand toolbar)
6. Profit!
If you enjoy/use this script, drop me a follow and please note me in your code!
I'm *almost* always available for collabs and questions.
Cyatophilum Scalping Bot V2 [ADVANCED SETTINGS] [BACKTEST]Advanced Settings version of Cyatophilum Scalping Bot V2
For people who like tweaking settings =)
Ultimate Risk Management System 📈With this tool you can run multiple instances for Stop Loss, Take Profit, Trailing Stop or Trailing Take Profit.
Why use it?
> Some trading platforms don't offer special tools like Trailing Stop;
> In case they do, they don't have to know where you put your stops;
> TradingView offers high performance, you can see the tool working in real-time.
Main Features:
- Real-time;
- Long Order;
- Short Order;
- Stop Loss;
- Take Profit;
- Trailing Stop Loss;
- *Trailing Take Profit.
Disclaimer: This system may help you cut out your losses or lock in your profit, but it does not guarantee profit. Always use at your own risk.
Cyatophilum Scalping Bot V2 [BACKTEST]Improved version of Cyatophilum Scalping Bot
Default settings for BITMEX:XBTUSD
2% stop loss
2% trailing take profit