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Backtesting strategies using TradingView's replay featureBacktesting trading strategies using TradingView's replay feature is a valuable tool to evaluate the effectiveness of your strategy in different market conditions and timeframes. Here's a step-by-step guide on how to backtest strategies using TradingView's replay feature: **1. Define Your Strategy:** - Clearly define the rules and parameters of your trading strategy, including entry and exit conditions, stop-loss and take-profit levels, and any other relevant criteria. **2. Access the Replay Feature:** - Open the chart for the GBP/USD pair on TradingView. - Click on the "Replay" button located at the bottom of the chart. This will activate the replay feature, allowing you to scroll back and forth through historical price data. **3. Set the Timeframe and Date Range:** - Choose the timeframe (e.g., 1-hour, 4-hour, daily) that matches the trading frequency of your strategy. - Select the specific date range you want to backtest your strategy on. You can adjust the date range using the timeline at the bottom of the chart. **4. Apply Indicators and Drawing Tools:** - Apply any indicators, drawing tools, or overlays that are part of your trading strategy to the chart. - Ensure that the parameters of your indicators are set according to your strategy's rules. **5. Start the Replay:** - Begin the replay by clicking on the play button in the replay control panel. - You can adjust the playback speed using the speed slider to simulate different market conditions and trading environments. **6. Execute Trades:** - As the replay progresses, identify potential trade setups according to your strategy's rules. - Manually execute trades (open, close, or modify positions) based on your predefined entry and exit conditions. **7. Record Results and Observations:** - Keep track of the performance of each trade, including entry and exit prices, profit or loss, and any deviations from your strategy's rules. - Take note of any observations or insights gained during the backtesting process, such as areas of strength or weakness in your strategy. **8. Analyze Results and Refine Strategy:** - Analyze the overall performance of your strategy, including profitability, win rate, maximum drawdown, and risk-adjusted returns. - Identify areas for improvement or optimization based on the results of your backtesting. - Consider making adjustments to your strategy's parameters, entry/exit rules, or risk management techniques to enhance its effectiveness. **9. Repeat and Iterate:** - Repeat the backtesting process on different timeframes, market conditions, and historical periods to validate the robustness of your strategy. - Continuously iterate and refine your strategy based on feedback from backtesting results and real-time trading experience. By utilizing TradingView's replay feature for backtesting, you can gain valuable insights into the performance of your trading strategy and make informed decisions about its suitability for live trading.
Education
by FrankFx14
Unveiling Hidden Bullish Divergence: Targeting $156 Fibonacci 📈 Spotting Hidden Bullish Divergence! 🚀 Hey traders! 📣 Keeping an eye on some exciting market dynamics here. Just identified a hidden bullish divergence pattern over the last 2 to 3 days on our charts. 📊 This pattern often signals a potential reversal in the current downtrend and hints at an upcoming bullish momentum. 🔍 Hidden bullish divergence occurs when the price forms lower lows, while the corresponding oscillator (such as the RSI or MACD) forms higher lows. It suggests that even though the price is trending downwards, the momentum behind the selling pressure is weakening, and a bullish reversal might be on the horizon. 📈💡 Now, onto the juicy part – our Fibonacci retracement levels! 🎯 The next fib target we're eyeing is at the $156 mark. Historically significant, this level could serve as a crucial pivot point for the current price action. 🎯💰 Breaking above $156 could trigger a significant bullish move, potentially propelling the price back towards the $365 to $560 range. 🚀📈 So, keep a close watch on this level as it could mark the beginning of a substantial upward trend. Remember, trading involves risk, so make sure to employ proper risk management strategies. Stay tuned for further updates as we track this exciting development! 💼💰 Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions. 📚💡 #TradingView #TechnicalAnalysis #BullishDivergence #FibonacciLevels #MarketAnalysis 📊📈
Long
by STP_MrNodeItAll
1
Unlocking Algorithmic Success: #1 Probability Enhancer Revealed!Discover the ultimate indicator for determining if your algorithmic trading strategy is set for success or doomed to fail! Dive deep into this game-changing metric and learn how to optimize your approach for consistent profits. Don't miss this captivating, eye-opening video that will forever transform the way you trade! 💹🚀📈 Be sure to leave a LIKE if you found this information valuable, and drop any QUESTIONS or COMMENTS below! We love hearing your thoughts and ideas. Don't forget to SUBSCRIBE for more insightful content on algorithmic trading! #AlgorithmicTrading #TradingSuccess #ProfitableStrategies #TradingIndicators
G
by EmilianoMesa
1
ADX + DMI + LineReg Live TradingI used the replay trade function to test out ADX+DMI + using a LineReg to set TP + SL areas. I thinked it worked pretty well trading USD/JPY for the week of 1/9/2023. Success rate was 66.67% but I wasn't having strict trading rules since I was trying to trade how a normal would psychologically. I think with follows stricter rules this could have higher percent win rate & higher profit. Even with losses I was hit with I still cleared over $2000 for the week. Please ignore my girlfriends family as they are cleaning out a closet lol
by niksidnayr26
1
more practiceI was tasked with practicing how to set up back testing, so I created a video with all the steps over three charts. I selected a pair, then hovered my mouse pointer over the pair until the "eyeball" appeared and clicked that to make the chart "disappear". I then clicked the the replay button to enter the back test mode. the final step is to bring my chart back by repeating step 1 ( hover mouse pointer over the selected pair and then click the eyeball to unhide the chart).
by BMWalker82
How To Backtest Further In The Past On Low TimeframesQuick video to show this little trick using the Replay mode that allows us to load more historical bars than real time, and thus get a better picture at how a strategy can perform over time. The Strategy Tester re-calculate the results everytime we load new bars, as the indicator strategy is correctly applied to these new bars. I got the confirmation from the awesome TradingView Support Team that the extra data that you get this way is real and relevant, and can be used to test your strategies. That means we are no more limited to 15/30 days backtest data in the 5min timeframe for example.
BITMEX:ETHUSD.PEducation
by cyatophilum
55
5 Key Advices To Share With Trader Who Is Struggling In TradingHello everyone: Lately many of you have messaged me about getting FOMO and entering trades without confirmations. In addition you can't seem to “not” enter trades when the market hasn't shaped up to your strategy and entry criteria. I am hoping in today’s educational video it can help some of you guys to get back on track. I want to share 5 main pieces of advice that can help out traders who are currently struggling. These are experiences and lessons that I accumulate throughout the 8 years of trading and in hope to help some of you who are struggling in your current journey of trading. 1. Do “NOT” think about get rich quick in trading -Trading is a marathon, not a sprint -90-95% traders fail due to a combination of: Greed, FOMO, mindset/emotion, risk management, trading psychology. -Trading is not a get rich quick scheme, but it can produce consistent, sustainable passive income if you can put in the time and effort -Most try to jump to the result right away, without going through the journey, that is not how life works. 2. No trading strategies, style, method can give you 100% strike rate -Trading is probability, not right or wrong. -Understand you can have the best strategy in the world, and still not be profitable. - Technical, Fundamental, Algo, EA...etc can all not work. This is why risk management is important to not over risk, over trade, over leverage your trading account 3. Backtest and journal -Backtest your strategy so your brain acknowledges and recognizes it over and over again. -Slowly build up confidence in your strategy and method. IT will come to you like second nature -Journal all your wins and losses so you can review them. Work on them, accept your mistakes to grow and improve. 4. Control your EGO -Human beings have ego to prove others are wrong and they are right -We refuse to admit we made the error/mistakes, and blame others/external as the cause. -Acknowledge that in trading, stop blaming the market, the broker, the mentor, the strategy...etc. -Don't take things personally and be offended by it. 5. Never Give Up -I blew several accounts in the beginning of trading career, gave up and quit trading multiple times -I always ended up coming back to trading. After taking time off. Whether that is weeks or months in the beginning journey. -No one is born into a trader, just like no one is born into a doctor, lawyer. -If trading was that easy, then everyone would be rich. -Success is measure by how many times you get back up when you failed I hope these pointers can help you guys to get more focus and get back on track in trading. Any questions, comments or feedback welcome to let me know, thank you Jojo Below I will share others educational videos that have direct relations to the topics above: Trading Psychology: How to deal & manage losses/consecutive losses in trading ? Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ? Prevent Blowing an account by backtesting: Risk Management 101
BITSTAMP:BTCUSDEducation
by jojofang0901
43
US Indices Backtesting and Charting Session On Price Action Hello everyone: As promised I will periodically make these backtesting/chart work videos on different markets, pairs and timeframes. This is for me to present the importance of backtesting in trading consistency. Not only it will help traders to not have emotional decisions such as FOMO or fear of losing, it will give traders confidence at identifying trade opportunities and execute them when the time comes. The more we do backtesting, the easier we spot an entry, setting a SL/TP, and remove any emotional decisions. Today I want to go into the US Indices, specifically the SPY, NASDAQ, DOW. I will pick a few market crashed examples and dig deeper into them. Few educational videos below on the topic of backtesting, and why it will help you in your trading journey. How & Why I backtest: Prevent Blowing an account by backtesting: Backtesting & Chartwork on USDCAD: Any questions, comments, or feedback please let me know :) Thank you Jojo
OANDA:SPX500USDEducation
by jojofang0901
20
USDCAD Backtesting & Chart Work session on Price Action AnalysisHello everyone: Welcome to a backtesting/charting session on price action analysis. Many have inquired about how to properly identify market phrases (Impulse phrase vs corrective phrase). In addition, how to use trendline properly to identify a structure/pattern as a continuation or reversal correction. This session will be the start to all these. So let's take a look into this. To start, make sure you have a new chart layout just for backtesting/charting work. his won't get overlapped on your current chart for your normal analysis. Utilizing tradingview’s feature on “replay”, this is how we can backtest and do chart work on previous price action that has already happened. As we already see the price moved in that period of time, we then look for potential buy/sell bias entries to get familiar with the move within the market. 1. Start from the Higher time frames, top down approach. Utilize multi-time frame analysis to your advantage. 2. Identify what market phrase you are in, is the current price in a HTF impulse phrase ? or in a corrective phrase. 3. Now that you have a more clear bias on the HTF, then go down to the lower time frame to confirm your bias. Do we see the same bearish/bullish price action on the LTF as well ? If so then that's a good indication that both HTF and LTF have the same buy/sell opportunity. Look for possible entries on the LTF. 4. Repeat this process with different pairs, different markets to “program” our minds into looking for the similar buy/sell setups in the current, live market. This is how we don't get FOMO, or fear of losing. If you have done enough backtesting and charting, then you simply remove the emotion out of the equation. You have seen the move play out over and over again, then it comes down to probabilities. Feel free to ask me questions, comments or feedback :) Thank you
Education
by jojofang0901
11
Using the Strategy Tester to Evaluate a StrategyThis video idea explains how to use the strategy tester on TradingView to evaluate the performance of your strategy. We go over all of the data presented for you regarding your strategy, and if we make mistakes along the way you can always check out the TradingView help section that is specifically for the Strategy Tester. I highlight the overview of your strategy, dive into the details of the performance summary for your strategy, and show how we can review all of our trades including our commission paid. Finally, we show how changes to the strategy can alter your Strategy Tester results and how accounting for commission(fees) and selective testing windows can alter perceptions on strategies.
Editors' picks
COINBASE:BTCUSDEducation
by BigBitsIO
23
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
Scalping Bot In Action | 80%+ W/L | 7% Avg Trade | 15m BitMEXIf you like to use signals to trade manually or automate your trading, you will probably like this indicator! How did I make it profitable ? The script never trades against the market. It uses a powerful Trend Detector that filters trades who don't take place in market convergence! A Smart Combo of Technical Indicators to catch the most likely tops and bottoms! A Revolutionary Integrated Trailing Stop Loss and Take Profit never seen before (or has it ? Leave a comment if you have seen one !) A risk/reward ratio of 6/5 put aside the Trailing Take Profit which can increase gains READ MORE Backtest results: cdn.discordapp.com Plenty of backtest results and configuration on my Discord -> discord.gg Indicator used : Settings : SMA, 325, 7, 6, 0, 6, 0, 5, 0.5, 5, 0.5, 20, close, 2, 3, 4, 14, 14 > Get access to the Cyatophilum Indicators < Enjoy !
BITMEX:BTCUSD.P
by cyatophilum
33