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TradeChartist Donchian Channels Breakout Strategy™TradeChartist Donchian Channels Breakout Strategy is the strategy backtester version of ™TradeChartist Donchian Channels Breakout Filter . =================================================================================================================== Features of ™TradeChartist Donchian Channels Breakout Strategy ======================================================== Option to plot Donchian Channels of user preferred length, based on the Source price in addition to High/Low Donchian Channels. Generates trade entries based on user preferred Breakout Price. For example, if the user prefers HL2 as breakout price, irrespective of the Donchian Channels type, trade entries are generated only when hl2 price (average of high/low) breaks out of the upper or lower band. Option to plot background colour based on Breakout trend. The bull zones are filled with green background, the Bear zones are filled with red background and the bar that broke out is filled with orange background. Option to colour price bars using Donchian Channels price trend. The Donchian Channels basis line is plotted using the same colours as coloured bars as default. Note: This script does not repaint. To use the script for trade entries, wait for the bar close without Backtester or Strategy entries (with Backtester) and use a second confirmator (includes fundamentals) based on asset type as some markets require users to have good pulse on the fundamentals as trading by Technicals/price action dynamic alone may not be safe. Note: Trend Based Stochastic of the same DC Length can be used from ™TradeChartist Risk Meter for Trade Confirmations too. =================================================================================================================== Best Practice: Test with different settings first using Paper Trades before trading with real money =================================================================================================================== This is not a free to use strategy. Get in touch with me (PM me directly if you would like trial access to test the strategy) Premium Scripts - Trial access and Information Trial access offered on all Premium scripts. PM me directly to request trial access to the scripts or for more information. ===================================================================================================================
Pine Script™ strategy
by TradeChartist
12
Trading Safely Market Crusher Pro Strategy BuilderWith The Market Crusher Pro You Can Build Trading Strategies For Options, Futures, Cryptocurrencies, Equities, Commodities, Currencies, and Stock Market Indexes. The Market Crusher Pro Buy And Sell Strategy Builder gives you the ability to back-test all tradeable markets. You can back test using specific trading times on any chart time frame before you execute any trades for both manual trading and automated trading. The Market Crusher Pro Buy & Sell signals are determined utilizing our price range volatility algorithmic technical indicator designed to generate alpha. The Market Crusher Pro Buy & Sell signals will only be visible during your specified trading times. The Market Crusher Pro Profit Targets are determined in percentages and you can take profit up to 4 times per trade. I suggest setting limit orders at profit targets. To determine how much of position to close divide position size by number of profit targets Example: If your position size is 100k and you are in a Long trade set 4 limit sell orders of 25k each at your 4 profit targets. *Percentage of position to be closed for each trade is set to 25% however, you can adjust this to take profit 3 times by changing settings on 1st, 2nd, and 3rd profit targets to 33.3%, or 2 times by changing 1st and 2nd profit targets to 50% Highlights: Add to any ticker, and time frame Specify trading times Specify both long and short profit targets in percentages Take profit up to 4 times per trade Use either a fixed stop loss or a trailing stop loss or both Set Strategy alerts Prints on the current bar in real time DOES NOT repaint several bars after the fact *We only use candles for trading and back testing because, Heikin Ashi, Renko, Kagi, Point & Figure, and Range produce unrealistic results. *Back test results below are based on a initial capital of $5000 and Trade using 10% of initial capital. Please Note: For forex trading to enter a trade on EURUSD for example the spread is typically 1.2-2.0 pips to enter a trade so you are not charged a commission on every market buy or sell or for limit orders set at profit targets. We are not able to input this into back test settings. Example: If you open a 100k position it will cost you $12-$20 assuming the spread is 1.2 to 2.0 pips Please Note: All users get access to weekly trading and strategy building sessions and a interactive Q&A. You can get more information on these benefits as well as get access to the strategy builder by clicking the MC PRO link listed in signature section below
Pine Script™ strategy
by TradingSafely
1
Bollinger Bands Breakout StrategyBollinger Bands Breakout Strategy is the strategy version of Bollinger Bands Filter study version, which can be found under my scripts page. The strategy goes long when price closes above the upper band and goes short signal when price closes below the lower band. Bollinger Bands is a classic indicator that uses a simple moving average of 20 periods, along with plots of upper and lower bands that are 2 standard deviations away from the basis line. These bands help visualize price volatility and trend based on where the price is, in relation to the bands. The strategy doesn't take into account any other parameters such as Volume / RSI / Fundamentals etc, so user must use discretion based on confirmations from another indicator or based on fundamentals. The strategy results are based on purely long and short trades and doesn't take into account any user defined targets or stop losses. The strategy works great when the price closes above/below upper/lower bands with continuation on next bar. It is definitely useful to have this strategy or the Bollinger Bands filter along with other indicators to get early glimpse of breach/fail of bands on candle close during BB squeeze or based on volatility . This can be used on Heikin Ashi candles for spotting trends, but HA candles are not recommended for trade entries as they don't reflect true price of the asset. The strategy settings default is 55 SMA and 1 standard deviation for Bollinger Bands filter, but these can be changed from settings. It is definitely worth reading the 22 rules of Bollinger Bands written by John Bollinger if interested in trading Bollinger Bands successfully.
Pine Script™ strategy
by TradeChartist
45
TradeChartist PowerTracer Pro Backtester™TradeChartist PowerTracer Pro Backtester is the strategy script for backtesting ™TradeChartist PowerTracer Pro for best performance settings which can then be used with ™TradeChartist PowerTrader Pro to plot Trades emulating the backtester and use Alerts (once per bar) on real time price chart. PowerTracer Backtester includes the following options in the settings. PowerTracer setting - Power Plot Type - (PowerTracer, Bar-wise Power Holder) PowerTracer setting - Timeframe Multiplier PowerTracer setting - Smoothing Factor Backtester setting - Trade Direction - (Both Longs and Shorts, Only Longs, Only Shorts) Backtester setting - SL Type (Fixed Stop Loss, Trailing Stop Loss) Backtester setting - Reference for Trailing SL (Close, High/Low) Backtester setting - Stop Loss % Backtester setting - Take Profit % Backtester setting - Quantity to trade at TP % Using combinations of the settings, the user can find optimal settings for the asset to deliver lucrative entry and exit signals with high ROI and minimal Drawdown which can then be used on PowerTracer Pro and PowerTrader Pro to plot signals and create alerts to start trading in real-time. Example charts: GBP-USD 1hr chart - (2,1,Trailing SL, close, 1,1,25) BTC-USDT 15m chart - (4,5, Trailing SL, high/low, 3.9,1.2,15) SPX 1hr chart - (1,3, Trailing SL, high/low, 3, 2, 50) This backtester needs the following scripts to generate signals and plots on main price chart and for real-time alerts ™TradeChartist PowerTracer Pro ™TradeChartist PowerTrader Pro =================================================================================================================== This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator) Premium Scripts - Trial access and Information Trial access offered on all Premium scripts. PM me directly to request trial access to the scripts or for more information. ===================================================================================================================
Pine Script™ strategy
by TradeChartist
Why is it ok to backtest on TradingView from now on!TradingView backtester has bad reputation. For a good reason - it was producing wrong results, and it was clear at first sight how bad they were. But this has changed. Along with many other improvements in its PineScript coding capabilities, TradingView fixed important bug, which was the main reason for miscalculations. TradingView didn't really speak out about this fix, so let me try :) Have a look at this short code of a swing trading strategy (PLEASE DON'T FOCUS ON BACKTEST RESULTS ATTACHED HERE - THEY DO NOT MATTER). Sometimes entry condition happens together with closing condition for the already ongoing trade. Example: the condition to close Long entry is the same as a condition to enter Short. And when these two aligned, not only a Long was closed and Short was entered (as intended), but also a second Short was entered, too!!! What's even worse, that second short was not controlled with closing conditions inside strategy.exit() function and it very often lead to losses exceeding whatever was declared in "loss=" parameter. This could not have worked well... But HOORAY!!! - it has been fixed and won't happen anymore. So together with other improvements - TradingView's backtester and PineScript is now ok to work with on standard candlesticks :) Yep, no need to code strategies and backtest them on other platforms anymore. ---------------- Having said the above, there are still some pitfalls remaining, which you need to be aware of and avoid: Don't backtest on HeikenAshi, Renko, Kagi candlesticks. They were not invented with backtesting in mind. There are still using wrong price levels for entries and therefore producing always too good backtesting results. Only standard candlesticks are reliable to backtest on. Don't use Trailing Stop in your code. TradingView operates only on closed candlesticks, not on tick data and because of that, backtester will always assume price has first reached its favourable extreme (so 'high' when you are in Long trade and 'low' when you are in Short trade) before it starts to pull back. Which is rarely the truth in reality. Therefore strategies using Trailing Stop are also producing too good backtesting results. It is especially well visible on higher timeframe strategies - for some reason your strategy manages to make gains on those huge, fat candlesticks :) But that's not reality. "when=" inside strategy.exit() does not work as you would intuitively expect. If you want to have logical condition to close your trade (for example - crossover(rsi(close,14),20)) you need to place it inside strategy.close() function. And leave StopLoss + TakeProfit conditions inside strategy.exit() function. Just as in attached code. If you're working with pyramiding, add "process_orders_on_close=ANY" to your strategy() script header. Default setting ("=FIFO") will first close the trade, which was opened first, not the one which was hit by Stop-Loss condidtion. ---------------- That's it, I guess :) If you are noticing other issues with backtester and would like to share, let everyone know in comments. If the issue is indeed a bug, there is a chance TradingView dev team will hear your voice and take it into account when working on other improvements. Just like they heard about the bug I described above. P.S. I know for a fact that more improvements in the backtesting area are coming. Some will change the game even for non-coding traders. If you want to be notified quickly and with my comment - gimme "follow".
Pine Script™ strategy
by Peter_O
27
Blackbox (Backtesting version)Blackbox Backtest version is a script with 12 built-in indicators, a list of different conditions you can check/uncheck to enter and exit the market on specific points and 3 different strategies styles. Use this script to backtest different strategies. It can't be used to create alerts. If you found a good strategy and you want to do set alerts too you have to switch to Blackbox Alert version. It's the same script but without the strategy part. Indicators: Chaikin Money Flow Chaikin Money Flow Chaikin Oscillator Volume Oscillator Ichimoku Baseline SSL William R% RSI Bollinger Bands ROC RSI probability (custom) EMAs Aroon ATR ... new indicators very soon Conditions Check/uncheck different conditions from setting panel for both entries and exits. Combine them to create complex strategies and alerts. This list is constantly updated. Data Range Set a data range to backtest. From Year, Month, Day, Hour, Minute to Year, Month, Day, Hour, Minute. Order size/settings ATR Period TP Multiplier (Used for Take Profit = ATR*TP Multiplier strategies) SL Multiplier (Used for Stop Loss = ATR*SL Multiplier strategies) Pips_tp Set a fixed amount of pips for your Take Profit level Pips_sl Set a fixed amount of pips for your Stop Loss level Select a strategy style ATR as TP/SL Fixed TP/SL With Exit conditions Stop Loss for exit conditions Last update: 13/02/2020
Pine Script™ strategy
by Blackboxdev
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
Pine Script™ indicator
by Daveatt
6
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
Pine Script™ indicator
by Daveatt
Profitable Moving Average CrossoverHi everyone! Introduction A popular use for moving averages is to develop simple trading systems based on moving average crossovers. A trading system using two moving averages would give a buy signal when the shorter (faster) moving average advances above the longer (slower) moving average. A sell signal would be given when the shorter moving average crosses below the longer moving average. The speed of the systems and the number of signals generated will depend on the length of the moving averages. There are many types of averages that are based on different techniques. Each type has its drawbacks and merits. And if we decide to choose a certain type of average for the trading system, then how do we know that our choice is optimal? What is this tool? This tool will help you to choose this type to create the most profitable trading system based on crossovers for the specified periods. It backtests pairs of each type throughout the whole instrument's history and shows Net Profit curves as a result. So, the type of the most profitable crossover system will be at the top of list of labels on the chart. (Click on the price scale, point to "Labels" and switch off "No Overlapping Labels" option). Settings The main settings are periods for each type pair of fast and slow moving averages. Additionally, it allows to customize some multi-parametric moving averages such as JMA, ALMA, McGinley Dynamic, Adaptive Laguerre Filter etc. 1st Period (default: 14 ) 2nd Period (default: 50 ) 1st ALF Median Length (default: 5 ) 2nd ALF Median Length (default: 5 ) 1st ALMA Offset (default: 0.85 ) 1st ALMA Sigma (default: 6 ) 2nd ALMA Offset (default: 0.85 ) 2nd ALMA Sigma (default: 6 ) 1st HF Scaling Factor (default: 3 ) 2nd HF Scaling Factor (default: 3 ) 1st JMA Phase (default: 50 ) 2nd JMA Phase (default: 50 ) 1st MD Constant (default: 0.6 ) 2nd MD Constant (default: 0.6 ) 1st MHLMA Range (default: 10 ) 2nd MHLMA Range (default: 10 ) 1st PWMA Power (default: 2 ) 2nd PWMA Power (default: 2 ) 1st REMA Lambda (default: 0.5 ) 2nd REMA Lambda (default: 0.5 ) 1st RMF Median Length (default: 5 ) 2nd RMF Median Length (default: 5 ) 1st T3 Alpha (default: 0.7 ) 2nd T3 Alpha (default: 0.7 ) MAMA & FAMA Fast Limit (default: 0.5 ) MAMA & FAMA Slow Limit (default: 0.05 ) Supported types of averages and filters (use short titles to match averages on the chart) AHMA , Ahrens MA (by Richard D. Ahrens) ALMA , Arnaud Legoux MA (by Arnaud Legoux and Dimitris Kouzis-Loukas) ALF , Adaptive Laguerre Filter (by John F. Ehlers) ARSI , Adaptive RSI BF2 , Butterworth Filter with 2 poles BF3 , Butterworth Filter with 3 poles DEMA , Double Exponential MA (by Patrick G. Mulloy) DWMA , Double Weighted (Linear) MA EDCF , Ehlers Distance Coefficient Filter (by John F. Ehlers) EHMA , Exponential Hull MA EMA , Exponential MA EVWMA , Elastic Volume Weighted MA (by Christian P. Fries) FRAMA , Fractal Adaptive MA (by John F. Ehlers) GF1 , Gaussian Filter with 1 pole GF2 , Gaussian Filter with 2 poles GF3 , Gaussian Filter with 3 poles GF4 , Gaussian Filter with 4 poles HFSMA , Hampel Filter on Simple Moving Average HFEMA , Hampel Filter on Exponential Moving Average HMA , Hull MA (by Alan Hull) HWMA , Henderson Weighted MA (by Robert Henderson) IDWMA , Inverse Distance Weighted MA IIRF , Infinite Impulse Response Filter (by John F. Ehlers) JMA , Jurik MA (by Mark Jurik, ) LF , Laguerre Filter (by John F. Ehlers) LMA , Leo MA (by ProRealCode' user Leo) LSMA , Least Squares MA (Moving Linear Regression) MAMA & FAMA , (by John F. Ehlers, special case that used as a benchmark) MD , McGinley Dynamic (by John R. McGinley) MHLMA , Middle-High-Low MA (by Vitali Apirine) PWMA , Parabolic Weighted MA REMA , Regularized Exponential MA (by Chris Satchwell) RMA , Running MA (by J. Welles Wilder) RMF , Recursive Median Filter (by John F. Ehlers) RMTA , Recursive Moving Trend Average (by Dennis Meyers) SHMMA , Sharp Modified MA (by Joe Sharp) SMA , Simple MA SSF2 , Super Smoother Filter with 2 poles (by John F. Ehlers) SSF3 , Super Smoother Filter with 3 poles (by John F. Ehlers) SWMA , Sine Weighted MA TEMA , Triple Exponential MA (by Patrick G. Mulloy) TMA , Triangular MA (generalized by John F. Ehlers) T3 , (by Tim Tillson) VIDYA , Variable Index Dynamic Average (by Tushar S. Chande) VWMA , Volume Weighted MA (by Buff P. Dormeier) WMA , Weighted (Linear) MA ZLEMA , Zero Lag Exponential MA (by John F. Ehlers and Ric Way) NOTE : The results may vary on different tickers and timeframes. If you see the preview result it doesn't mean that these crossovers will be profitable on other instruments and timeframes. This is a normal situation because time series and their characteristics differ. I know that because I tested this tool before publishing. NOTE 2 : You can use this tool by yourself and experiment with it, or you can order a study and I will share the spreadsheet that contains results with you. Good luck!
Pine Script™ indicator
by everget
23
Megalodon Pro Automated Trader BackTester Why Megalodon? We believe that enlightening others is an incredible way to make this world a better place. That's why we created the tools you need to stop worrying about your investments and focus on what really matters in your life. What is Megalodon? Megalodon uses Artificial Intelligence that combines 574 back-tested indicators and 2674 back-tested setups, simultaneously. Megalodon works with any kind of asset , market state and time frame . What is the win rate? Megalodon is extremely accurate and offers insane profits as long as the fundamental analysis is done right . Backtesting results can be found on our social media or down below . How to use Megalodon Pro Automated Trader? Simply, orange rectangles are buy signals and purple rectangles are sell signals . Green clouds show buy signals and red clouds show sell signals. Yellow line shows the difference between buy and sell counts. How to set alarms on Megalodon Pro Automated Trader? Click on Alert, select Megalodon Pro Automated Trader and click on Buy-Signal or Sell-Signal. More details can be found on our social media. You may also watch our Megalodon Investing Tutorials on Youtube for more information. How to purchase? Megalodon is totally FREE . You may upgrade to Megalodon Pro for the most important features , including automizing your trading on any asset profitably, setting up alarms to get notified , joining to our VIP telegram channel to get daily updates and our VIP telegram group to interact with the community. Simply go to our website on our TradingView page for learning more and joining us for free. Some of the backtesting results are: BTC/USD for longer time frame trading in the bear market for the last year. APPLE for longer time frame trading in the bull market for the last 10 years. EURO/USD for day trading in the neutral market for the last month. BTC/USD for day trading in the bull market for the last 15 days. APPLE for day trading in the neutral market for the last 2 days and 6 hours.
Pine Script™ strategy
by MegalodonTrading
31
Jack MA Cross Alerts with TP, SL, TSLAlerts for: Jack MA Cross is works based on a MA Crossover. What makes this script unique is the framework built behind it. With the ability of adding TP, SL, and TSL. It makes this script more advanced compare to other traditional MA Crossover scripts. Will add more Moving Averages in the future, making this the Jack of all Trades . To request a trial for this script, please PM me. ----------------- Jack MA Cross V1.0.0 - Initial release
Pine Script™ indicator
by hexelbyte
Jack MA Cross Backtester with TP, SL, TSLJack MA Cross is works based on a MA Crossover. What makes this script unique is the framework built behind it. With the ability of adding TP, SL, and TSL. It makes this script more advanced compare to other traditional MA Crossover scripts. Will add more Moving Averages in the future, making this the Jack of all Trades . To request a trial for this script, please PM me. ----------------- Jack MA Cross V1.0.0 - Initial release
Pine Script™ strategy
by hexelbyte
3
Crypto Reversal Scalper STARTER KIT BacktesterThis is a starter kit for people to try out. Since many people were confused to how to properly config the original script, I decided to create this script. This script uses the original script but is compiled to have presets. Simple to use, EASY AS 1,2,3 1. Choose PAIR 2. Sync chart with chosen pair (Symbol and Timeframe) 3. DONE! 4. (Optional) Adjust Stoploss and Takeprofit This will be FREE for people to consider giving it a try. To automate the trades, you will need to have the alerts for the script. If you want to automate the trades, PM me.
Pine Script™ strategy
by hexelbyte
3
Omni Trader Accompanying Backtesting StrategyVersion 1.0 Purpose This backtesting strategy indicator is a accompanying tool for use with my popular trading and alert indicator: Omni Trader | RMI EMA RSI VOL | Margin Focused Indicator Reference Indicator Link: Features This strategy has been programmed to act exactly how the accompanying indicator would be used with an automated strategy such as Autoview or through manual trading Has identical coloured signals with correct icons for reference with the indicators standard alert conditions (LONG/SHORT) The ability to toggle on or off all the logic and UI presets you could previously use to enhance the standard indicator Fully customisable in the settings regarding trading strategy to match exactly how you have the reference indicator set up with alerts or how you are trading manually with it. Ability to choose a timeframe, want to ignore the crypto boom at the latter stages of 2017? Sure you can, change the time frames in the settings to see a more recent representation of your trades. Stop Loss & Take Profit enabled in this back tester for fine tuning of your strategy, especially useful for automated users to refine the most profitable settings for your style. Access This indicator is free for existing owners of my Omni Trader | RMI EMA RSI VOL | Margin Focused Indicator linked above as an accompanying tool to improve their strategy and net more profit. If you would like access to any of my indicators or would like to know more please find me on my community discord channel where you can find indicator details/documentation and general help: Discord Link: discord.gg Thank you for the immense support everyone, happy trading! - Falco
Pine Script™ strategy
by Tradespot
2