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How to backtest Signals with different Risk to reward ratioHello traders , this is my very first video on this platform, so please bear with me as I plan to make better content in the future. In this video, I aim to show you how to test your trading signals using various risk-to-reward ratios. The goal is to identify the most suitable ratio for your signals and create a profitable strategy. What's crucial in strategy development is effective risk management and selecting the right risk-to-reward ratio. You might have a signal that performs poorly at a 1:1 ratio but becomes profitable at a 3:1 ratio. I'll explain how to use this indicator and why it can be highly beneficial for your trading. In this section of the video, I'm demonstrating how to apply this method to internal signals like RSI, moving averages, and Supertrend. Additionally, I'm planning to create another video to teach you how to backtest your own external signals. Please let me know if this is something you'd like to learn more about.
BITSTAMP:ETHUSDEducation
by TZack88
4
HOW-TO: Auto Harmonic Pattern - BacktesterHi All, Here is a short video on how to use Auto-Harmonic-Pattern-Backtester-Trendoscope for building strategies using harmonic patterns. CAUTION: THIS IS NOT A STRATEGY AND SHOULD NOT BE FOLLOWED BLINDLY. WE ENCOURAGE USERS TO UTILISE THIS AS BACKTESTING TOOL FOR BUILDING THEIR STRATEGY BASED ON HARMONIC PATTERNS Notes about Strategy Properties Qty is percentage based and non leveraged. Since pattern size is not uniform, risk per trade is not uniform per trade as well. Default pyramiding is set to 4 - which means not all patterns will have trade if number of open trades is already 4 Key Settings Can be either long or short mode but not not both. This is due to pine limitations. Entry, Stop and Target settings along with Base are important in defining your strategy. External filters plays a major role in adding external elements to the strategy. This also enables users to build their own filters. More details in this video Strategy based alerts are different than custom alerts defined in settings. Custom alerts will fire for every pattern whereas strategy alerts will only fire upon generated trade signals. More details about Alert customisation is explained here . When setting alerts, please turn off displays - pattern drawing and tables. And also limit backtest to minimal bars. Please let me know if you have further questions.
Education
by Trendoscope
3
Backtesting Became Cool Again!Hello traders Hope you're all doing fantastic I learned a few weeks ago that TradingView released a CSV Export feature. Basically, you can export any indicator outputs/plots and get the data in your favorite Excel/Google Sheet/Open office, etc. Using that software is relatively easy and learning how to construct pivot tables/charts will expand your analytics beyond the realm of what you thought was even possible... #way #too bold #statement In that video: I exported the data provided by Backtest Premium Suite in Google Sheet In Google Sheet, I built a pivot table and a few pivot charts (requires a few clicks only) Allows me to get insightful analytics and understand better where I can improve (how much opportunity do I capture? for which risk? are my winners increasing faster than my losers are decreasing?...) Thank you TradingView for enabling this feature. All the BEST Dave
BITMEX:BTCUSD.PEducation
by Daveatt
4