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Importance of Comparing Automated Trading Strategies to Buy&HoldImportance of Comparing Automated Trading Strategies to Buy&Hold | 04/15/23 Recently, TradingView introduced a new backtesting feature that allows traders to compare their trading strategy to simple "buy and hold" strategies. This has proven to be very useful for our trading team and crypto community, especially when attempting to find the best settings for manual and automated trading scripts, such as our Ninja Signals V4 script, so we wanted to highlight this awesome new feature. In this example, we used TradingView's new 'Compare to Buy & Hold' feature to compare our chosen configuration settings for our Ninja Signals V4 automated trading script and backtesting strategy. As you can see, our chosen settings have performed significnatly better than simple "buy and hold" strategies over the last several years (compare the green strategy profit line to the blue "buy and hold" profit line). This new TradingView feature is very powerful, because it helps traders determine if a trading strategy is more or less profitable than simply buying and holding. Just because a trading strategy produces some profit does not mean that it is worth trading, especially if simple "buy and hold" strategies out-perform your chosen trading settings. The settings used in this chart performed well even the recent bear market. As you can see in the strategy statistics, as "buy and hold" strategies were losing profit, the settings we used for our Ninja Signals V4 trading script were actually gaining profit. This new TradingView tool improves our ability to find good settings for both manual and automated trading strategies, and gives additional confirmation that profitable trading settings are better than simple "buy and hold" strategies. Furthermore, the settings we used in this chart have compounding turned off, meaning each trade is the same order size, without any reinvesting of profits. Even as our trading fund grows from this profitable trading strategy, we continue to simply place orders for the same amount each time, rather than re-investing profits to trade larger and larger amounts (known as "compounding"). If compounding is turned on, profits grow much faster, but that is beyond the scope of this publication. We will publish a separate educational idea in the future about the importance of comparing "compounding" vs "non-compounding" settings when backtesting, but for the purposes of this chart, we simply wanted to share that we were able to achieve significant profits, even in a bear market, and even with no compounding (no reinvesting of profits). In conclusion, the new TradingView "Compare to Buy & Hold" backtesting feature gives traders a powerful new tool to find better settings for their chosen trading strategy, and additional confirmation and confidence that live trading will be successful. We thank the TradingView team for adding this powerful new feature!
Education
by Bitcoin_Ninjas
1
Short Setting up on Bitcoin For an accumulated 9R tradeI’m looking to enter 3 short position on Bitcoin if we can get a test of the mean threshold above. Bitcoin can be volatile in that it might take out the bayside liquidity if it gets up there but I’m hoping see a clean rejection at the MT and ultimately a move down to the lower Mean threshold. Take profit 1 is at the first order block. Take profit 2 is at a POI with has 4 confluences. Take profit 3 is the stretch to hit the mean threshold and seek sell side liquidity. Happy Trading! The Meditrader
EIGHTCAP:BTCUSDShort
by TheMeditrader
Where is BTC headed following the latest pump? (Part 2)As you will see, as of now, we bounced back from the first pullback and we are now on track to (hopefully) achieve TP2 ($23,512) and eventually TP3 ($23,952). Nevertheless, the latest move down to $22,595 (and consequent reversal) has unfolded further key support and resistance zones within the original fibonacci retracement. The good news is that Bitcoin price has already retraced to the fibonacci gold zone and now is in uptrend, suggesting further target prices for those of you that haven't had a chance to enter this long yet. Further trades within a shorter time frame (perhaps 5m) Fibonacci gold zone: between $22,950 and $22,858 Enter around $23,042 TP 1= $23,340 TP 2= $23,512 TP 3= $23,637 TP 4= $23,821 TP 5= $23,951 SL= $22,561
BLong
by Robin_Nakamoto
IS BTC READY FOR $44K?Ok, we've got our weekly close above the $30k which was much needed. Hello guys, Here's a 4hrs BTC chart and a trade setup. In my weekly chart, I mentioned that BTC should not fall below the 50 D MA ($30k) and it happened. We are still above the 50 D MA which is good and I believe we can enter the market with a tight stop loss. As you can see in the chart, BTC broke above the trendline and looks like it is getting ready to rally towards an uptrend. You can enter at $33559 to $34699. Stop Loss: $31840 Target 1: $37058 Target 2: $40361 Target 3: $43996 Note: I am entering this trade according to my TA and understanding so if you are entering along with me then do put tight SL. Trade safe.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
BTC executes my strategyBTC is currently a very attractive option for corporations and many other influential entities, I think 64k-67k is a very likely target, but then it is worth to hedge and watch the market very carefully. BTC is for me the foundation of the entire blockchain industry, I know that a lot of good is yet to come, so the biggest will try to create a lot of fear in the market in the future, so it's worth analyzing all the important factors and build confidence in the market (CRDT.io) new crypto banking system You are interested in investing on good terms, write to me
by VeniVidiVici666
Watch this analysis carefully! Golden BitcoinWatch this analysis carefully! Golden Bitcoin As you can see, Bitcoin has formed an uptrend Flag pattern that, if approved and broken above this pattern, the price of Bitcoin could reach $ 50,000. Meanwhile, the bottom trend line of the Flag pattern is accompanied by a MA 200 and a strong support So be sure to pay full attention to the price reaction to this level I hope you can make a good profit with our analysis Thanks Hamid Mojarad Lecturer, analyst and trader in financial markets Consulting several reputable investment companies
by HamidMojarrad
1
Be Sure to Look Vet !!! Vet - Vet - Vet According to the wave count, which is done in full compliance with the rules, Vet is completing its 5th wave, so you can make a good Buy and make a good profit. Possible target: 0.04 I hope this analysis is useful for you After liking this analysis, please join our followers Your follow-up and feedback will encourage us to publish more analysis Thanks Hamid Mojarad Lecturer, analyst and trader of cryptocurrencies Official consultant of reputable investment companies
by HamidMojarrad
10
Bitcoin - Big profit in long positions - achieved. BTC/USDT Let's do an open trade marathon ??? Write in the comments if you want to see the marathon of open deals that I will conduct. Exact entry, target and stop loss? Hello dear friends I want to congratulate each of you who made the decision to follow me again. We have reached 3 targets, which were our priority. I would like to inform you, right away that the traders who trade with me in private ideas and I tried to open a short position. It was dangerous - and yes, it did not justify itself , since after the price returned to our level, a candlestick was formed - Hammer at 1h TF (which indicates the continuation of the trend) Having made a reverse position with an increased lot, we again collect a profitable fruit, and the expectation of a breakdown of 40,000 as well as reaching our goal of 40,900 - let's take a look.
by UnknownUnicorn13204076
1
According to Stellar previous analysis, now ...To better understand this analysis, see the previous published analysis of Stellar As you can see, Stellar has dropped and is now at one of the most sensitive levels Stellar currently has two options: Or with a very strong como, it will react and shrink a little and continue to grow again. Or by breaking the key support level and hitting the 200 moving average, it will return to the key level and Stellar's reaction will be very important at that time. Dear traders, you have to wait a while for Stellar to find its position in relation to this key level and then start trading. ---------------------------------------------------------------------------------------- I hope you like this analysis. Please like this post to support us and follow us Leave your comments, suggestions and criticisms with us in the comments section Hamid Mojarrad : Lecturer, analyst, trader and senior consultant to reputable investment companies
by HamidMojarrad
5
Bitcoin is Going up But .....Bitcoin will continue to rise but is currently completing its correction For this reason, and based on the trend line and the ABC correction and the marked targets, the best points for completing the correction and starting the ascending process are again marked in the image. Also, all the levels identified near the important support and resistance levels , which makes the issue even more important If you liked this analysis, let me know by dropping that like button! If you have any questions, ask me here ! Until next time! Cheers, OtanaTA ( Hamid Mojarad )
by HamidMojarrad
1