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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
Demo of first complete TradingView Strategy called BunnyIntroducing Bunny - the groundbreaking TradingView strategy that promises to revolutionize the world of online trading. Developed by a team of experts in the field, Bunny offers a comprehensive and innovative approach to trading by combining advanced technical analysis tools with a user-friendly interface. With its intuitive design, Bunny allows traders to easily create, test, and deploy custom strategies tailored to their unique trading preferences. Whether you are a seasoned investor or just starting in the world of trading, Bunny provides users with a fully immersive experience that unlocks the full potential of TradingView's platform. With its array of powerful features and comprehensive market data, Bunny offers the necessary tools and insights to analyze market trends, make informed trading decisions, and maximize profits. Embark on a new trading journey with Bunny and unlock the doors to success in the ever-evolving world of financial markets.
TVC:USOILLong
by bryandowningqln
First Steps: Introduction to Pine Script Welcome back, fellow traders, to another exciting episode of our Pine Script™ journey! In our previous video, we explored how to use existing scripts and indicators on TradingView. Today, we'll take the next step and dive into the fascinating world of reading and writing Pine Script™. In this episode, we'll focus on the fundamental aspects of reading Pine Script™ code and understanding its structure. By studying the code written by talented programmers, we can gain valuable insights and improve our own understanding of the language. Reading code written by proficient programmers is the most effective way to enhance your knowledge of any programming language, and Pine Script™ is no exception. Luckily, there are numerous reliable sources for high-quality code on TradingView. To start, you can explore the built-in indicators provided by TradingView. These indicators serve as excellent examples of well-written code. Simply load an indicator on your chart and hover over its name to access the "Source code" icon. Clicking on this icon will open the Pine Script™ Editor, where you can view the indicator's code. The Pine Script™ Editor allows you to explore and modify the code. If you want to experiment with a specific indicator, you can make a copy of the code by selecting "Make a copy" from the "More" menu. This way, you can freely modify and save your changes without affecting the original indicator. Another fantastic resource for reading code is the vast collection of Community Scripts on TradingView. These scripts, created by talented traders and programmers like yourself, offer a wealth of inspiration and knowledge. When browsing through Community Scripts, look for scripts without a gray or red "lock" icon, indicating that they are open-source. Opening a script's page allows you to view its source code. By examining different scripts, you can gain insights into various trading strategies and techniques. This exposure to different coding styles will broaden your understanding of Pine Script™ and help you improve your own coding skills. Now that we've explored reading code, it's time to unleash our creativity and start writing our own Pine Script™ scripts. Whether you're a beginner or an experienced programmer, Pine Script™ provides a user-friendly yet powerful platform for developing indicators, strategies, and even libraries. Pine Script™ empowers us to write three types of scripts: indicators, strategies, and libraries. Indicators, like RSI and MACD, help us analyze market data. Strategies, on the other hand, include trading logic and can be backtested and forward-tested. Lastly, libraries enable advanced programmers to create reusable functions for other scripts. I invite you all to embark on this exciting journey of writing your first indicator. With Pine Script™, we have a language that is both approachable for beginners and flexible enough for advanced traders. Let's unlock our creativity and develop trading tools tailored to our unique strategies. Thank you for joining me today as we explored the art of reading and writing Pine Script™. Stay tuned for the next episode, where we'll dive deeper into writing indicators and unleash the full potential of this remarkable language. Until then, keep trading with passion and continue honing your coding skills!
AMEX:SPYEducation
by FadingExtremes
Bollinger Bands Strategy+ 3x IndicatorsSo I've taken the Lorentzian Machine Learning indicator as well as 2 other support/resistance + supply/demand indicators and added a Bollinger Band strategy to the Machine learning indicator which is now a combination of the Machine Learning indicator and Bollinger strategy and uses the same settings panel to dial in the merged strategy/indicator tool which is now called Machine Learning *Strategy* and not Machine Learning *Indicator.* So far this setup has been working wonders for me. As long as you keep your SL and TP's in order which is made pretty clear by the 2x 'Zones' indicators, you can't really go wrong with this setup. Just keep in mind that this is not financial advice and I am not a professional in finance or anything of that kind so make sure you always do your own homework before placing any trades. This video is me, just a guy enjoying the trading tools made available on TeamViewer, sharing some ideas on the tools I have been enjoying. Hope this video was interesting to a few traders out there. Let me know if you have any Q's and I'll try answer them as best I can.
E
by Kev_Bourn
Strategy Coding E01: Adding a custom Trailing-StopIn my experience there are phases to creating a strategy. In this episode we will cover one of the most important steps: establishing an exit strategy. Exiting a position is crucial to risk management. If your entries are terrible but you have a good exit strategy, you might get by and not lose a lot of your capital. And vice-versa, if your entries are great, but your exit strategy is terrible, you my not make any profit. Concepts we will cover in this episode: Integrating an indicator value as a trailing stop. Lowering the trailing stop sensitivity by using the Average True Range (ATR). Customizing the ATR value. Brief introduction to 'modules'.
AMEX:SPYEducation
by Electrified
13
P2P | Gold Trade BreakdownWhat's up everyone and welcome to my first trade breakdown . In this clip you'll get an inside look at how I usually scope out my trades , what I personally look for in a setup , how & when I would execute on the trade . *Also try your best to ignore my loud washer machine LOL* I don't normally post these types of videos because everyone has a different bias as to how they see their trades but at this point I figure maybe my breakdown would help someone else understand the markets a little bit better. So I encourage you to enjoy this lil clip and I hope that you find some value in it. Also make sure to follow the page for more education! DISCLAIMER: ***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.*** We have a lot in store for 2023 & I can't wait to see everyone winning!
OANDA:XAUUSDLong
by Pips2Porsches
1