Backtest

Combo Backtest 123 Reversal & Ease of Movement (EOM) This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy This indicator gauges the magnitude of price and volume movement. The indicator returns both positive and negative values where a positive value means the market has moved up from yesterday's value and a negative value means the market has moved down. A large positive or large negative value indicates a large move in price and/or lighter volume. A small positive or small negative value indicates a small move in price and/or heavier volume. A positive or negative numeric value. A positive value means the market has moved up from yesterday's value, whereas, a negative value means the market has moved down. WARNING: - For purpose educate only - This script to change bars colors.

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Why is it ok to backtest on PulseWire from now on!PulseWire 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, PulseWire fixed important bug, which was the main reason for miscalculations. PulseWire 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 - PulseWire'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. PulseWire 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 PulseWire 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".

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Combo Backtest 123 Reversal & DSS Bressert This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Double Smoothed Stochastics (DSS) is designed by William Blaw. It attempts to combine moving average methods with oscillator principles. WARNING: - For purpose educate only - This script to change bars colors.

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Combo Backtest 123 Reversal & Donchian Channel Width This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The Donchian Channel was developed by Richard Donchian and it could be compared to the Bollinger Bands. When it comes to volatility analysis, the Donchian Channel Width was created in the same way as the Bollinger Bandwidth technical indicator was. As was mentioned above the Donchian Channel Width is used in technical analysis to measure volatility. Volatility is one of the most important parameters in technical analysis. A price trend is not just about a price change. It is also about volume traded during this price change and volatility of a this price change. When a technical analyst focuses his/her attention solely on price analysis by ignoring volume and volatility, he/she only sees a part of a complete picture only. This could lead to a situation when a trader may miss something and lose money. Lets take a look at a simple example how volatility may help a trader: Most of the price based technical indicators are lagging indicators. When price moves on low volatility, it takes time for a price trend to change its direction and it could be ok to have some lag in an indicator. When price moves on high volatility, a price trend changes its direction faster and stronger. An indicator's lag acceptable under low volatility could be financially suicidal now - Buy/Sell signals could be generated when it is already too late. Another use of volatility - very popular one - it is to adapt a stop loss strategy to it: Smaller stop-loss recommended in low volatility periods. If it is not done, a stop-loss could be generated when it is too late. Bigger stop-loss recommended in high volatility periods. If it is not done, a stop-loss could be triggered too often and you may miss good trades. WARNING: - For purpose educate only - This script to change bars colors.

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BEST ABCD Pattern Strategy Hello traders This is the strategy version of this script I - Concept I present to you, ladies and gentlemen, the first screener for harmonic patterns. Starting with an ACBD pattern screener this time!! I used the calculations from Ricardo Santo's script In short, he's using fractals (regular or Bill Williams ) for the pattern calculations. A masterpiece !!! II - Definitions The ABCD pattern ( AB=CD ) is one of the classic chart patterns which is repeated over and over again. The ABCD pattern shows perfect harmony between price and time. The Williams Fractal is an indicator, developed by Bill Williams, that aims to detect reversal points (highs and lows) and marks them with arrows. Up fractals and down fractals have specific shapes. The Williams Fractal indicator helps users determine in which direction price will develop 💎Strategy filters💎 I included some cool backtest filters: - flexible take profit in USD value (plotted in blue) - flexible stop loss in USD value (plotted in red) The take profit and stop loss should work with Forex/FX pairs as well All the BEST Dave

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Combo Backtest 123 Reversal & CMOaDisparity Index This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The related CMOaDisparity Index article is copyrighted material from Stocks & Commodities Dec 2009 My strategy modification. WARNING: - For purpose educate only - This script to change bars colors.

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Combo Backtest 123 Reversal & Directional Trend Index (DTI) This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy This technique was described by William Blau in his book "Momentum, Direction and Divergence" (1995). His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. Directional Trend Index is an indicator similar to DM+ developed by Welles Wilder. The DM+ (a part of Directional Movement System which includes both DM+ and DM- indicators) indicator helps determine if a security is "trending." William Blau added to it a zeroline, relative to which the indicator is deemed positive or negative. A stable uptrend is a period when the DTI value is positive and rising, a downtrend when it is negative and falling. WARNING: - For purpose educate only - This script to change bars colors.

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Combo Backtest 123 Reversal & DiNapoli Detrended Oscillator This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy DiNapoli Detrended Oscillator Strategy WARNING: - For purpose educate only - This script to change bars colors.

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BEST Engulfing + Breakout Strategy Hello traders This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators. Convergence is the solution to my trading problems. It's a puzzle with infinite possibilities and only a few working combinations. Here's one that I like - Engulfing pattern - Price vs Moving average for detecting a breakout Definition Take out the notebooks :) and some coffee (good for focus). I'm bullish in coffee The engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The bullish Engulfing pattern appears in a downtrend and is a combination of one red candle followed by a larger green candle The bearish Engulfing pattern appears in a downtrend and is a combination of one green candle followed by a larger red candle Example: imgur.com We're bored sir... what's the point of all this? In summary, an engulfing is a pattern to track reversals. (the whole PulseWire audience stands up now giving a standing ovation) Adding the Price vs Moving average filters allows to track reversals with momentums (half of the audience collapsed because this is too awesome) Ok sir... you picked up my interest I included some cool backtest filters: - date range filtering - flexible take profit in USD value (plotted in blue) - flexible stop loss in USD value (plotted in red) All the best Dave

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N Bars Down Backtest Evaluates for n number of consecutive lower closes. Returns a value of 1 when the condition is true or 0 when false. WARNING: - For purpose educate only - This script to change bars colors.

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Key Reversal Up Backtest A key reversal is a one-day trading pattern that may signal the reversal of a trend. Other frequently-used names for key reversal include "one-day reversal" and "reversal day." How Does a Key Reversal Work? Depending on which way the stock is trending, a key reversal day occurs when: In an uptrend -- prices hit a new high and then close near the previous day's lows. In a downtrend -- prices hit a new low, but close near the previous day's highs WARNING: - For purpose educate only - This script to change bars colors.

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How To Set Backtest Time Ranges Example how to set the time range window to be backtested for both entries and exits. Additional examples are also included showing how to set the date range and toggle plot visibility. By incorporating this code with your own strategy's logic, it will allow you to backtest various time windows. Much gratitude to @LucF and @a.tesla2018 for help with including ':1234567' for time ranges on weekends. Thank you both! NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!

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Key Reversal Down Backtest A key reversal is a one-day trading pattern that may signal the reversal of a trend. Other frequently-used names for key reversal include "one-day reversal" and "reversal day." How Does a Key Reversal Work? Depending on which way the stock is trending, a key reversal day occurs when: In an uptrend -- prices hit a new high and then close near the previous day's lows. In a downtrend -- prices hit a new low, but close near the previous day's highs WARNING: - For purpose educate only - This script to change bars colors.

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BEST Supertrend Strategy Hello traders Sharing a sample Supertrend strategy to illustrate how to calculate a convergence and using it in a strategy I based the setup as follow: - Entries on Supertrend MTF breakout + moving average cross. Entering whenever there is a convergence - exit whenever a Simple Moving Averages cross in the opposite direction happen - possibility to filter only Longs/Shorts or both All the best Dave

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BEST Trend Direction Helper (Strategy Edition)Hello traders A follower asked me to convert my Trend Direction Helper into a strategy So blessed this indicator reached the 1400+ likes milestone - I can't believe how many people are trading with it I based the setup as follow: - Entries on those green/red labels - exit whenever a Simple Moving Averages cross in the opposite direction happen - possibility to filter only Longs/Shorts or both Also... The strategy includes the Zig Zag/Pivots high/low and other options from the indicator version. I only added a quick strategy component with a hard exit concept based on SMA cross All the best fam and... HAPPY NEW YEAR !!!!!!!!!!! Dave

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HXRO Bot Backtest Time Highlight This script allows you to highlight the HXROBot backtest interval with the possibility of fragmenting the view to better identify the key areas of your strategy

Indicator

Expert studio strategy 1 - GBPUSD This is part of a series of strategies developed automatically by a online software. I cannot share the site url, which is not related to me in any way, because it is against the TV reules. This strategy was optimized for GBPUSD, timeframe 1D, fixed lots 0.1, initial balance 1000€. LOGIC: - LONG ENTRY when previous candle is bear - LONG EXIT: RVI > signal line - SHORT ENTRY when previous candle is bull - SHORT EXIT: RVI < signal line NOTE: I considered the open of actual candle instead of close otherwise there will be a back shift of 1 candle in pine script Take profit = no Stop loss = no I have also a study with alarms. Please use comment section for any feedback.

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Combo Backtest 123 Reversal & D_DSP (Detrended Synthetic Price) This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Detrended Synthetic Price is a function that is in phase with the dominant cycle of real price data. This DSP is computed by subtracting a half-cycle exponential moving average (EMA) from the quarter cycle exponential moving average. See "MESA and Trading Market Cycles" by John Ehlers pages 64 - 70. WARNING: - For purpose educate only - This script to change bars colors.

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Customizable MACD (how to detect a strong convergence)Helloooo traders I wondered once if a MACD was based on an EMA/EMA/SMA or SMA/SMA/EMA (or WHATEVA/WHATEVA/WHATEVA). Seems they're so many alternatives out there. I decided to empower my audience more by choosing the type of moving averages you want for your MACD. More options doesn't always mean better performance - but who knows - some might find a config that they like with it for their favorite asset/timeframe. I added also a multi-timeframe component because I'm a nice guy ^^ Convergence is my BEST friend An oscillator (like MACD) is to measure how strong a momentum is - generally, traders use those indicators to confirm a trend. So understand that a MACD (or any other indicator not based on convergence ) won't likely be sufficient for doing great on the market. Combined with your favorite indicator, however, you may get great results. My indicators fav cocktail is mixing : 1) an oscillator (momentum confirmation) 2) a trendline/key level break (momentum confirmation) 3) adding-up on a different trading method but still converging with the first entry. The reason I'm deep with convergence detection is because I'm obsessed with removing those fakeout signals. You know which ones I'm talking about :) Those trades when the market goes sideways but our capital goes South (pun 100% intended) - 2 days later, the price hasn't changed much but some lost some capital due to fees, being overexposed, buying the top/selling the bottom of a range they didn't identify. It's publicly known that ranges are the worst traders' enemy. It's boring, not fun, and .... end up moving in the direction we expected when we go to sleep or outside. NO ONE/BROKER/EX-GF is tracking your computer - I checked also for mine as it happened for me way too often in the past. I surely preferred blaming a few external unknown conditions than improving my TA back in the days #bad #dave But my backtest sir... Our backtests show what they're being told to show . A backtest without a stop-loss/hard exit logic will show incredible results. Then trying that backtest with live trading is like in the Matrix movie - discovering the real world is tough and we must choose between the blue pill (learning how to evaluate properly risk/opportunity caught) and the red pill (increasing the position sizing, not setting a stop loss, holding the positions hoping for the best) Last few words Convergences aren't invented because it's cool to mix indicators with others. (it is actually and even fun) They're created to remove most of the fakeouts . For those that can't be removed - a strong risk management would cut most of the remaining potential big losses. No system works 100% of the time - so a convergence system needs a back-up plan in case the converged signal is wrong (could be stop-loss, hard exit, reducing position sizing, ...) Wishing you the BEST and happy beginning of your week Daveatt

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NoNonsense Forex - high timeframe trading absurd NON-REPAINTING Some time ago I bumped into NoNonsense Forex - pretty good-looking course with well-designed videos, reasonable rules, etc. Nice explanatory videos, not selling anything, building indicators-only strategy. But there was one thing that really annoyed me - it was supposed to work only on Daily timeframe. What is the point in trading such high timeframe, if decisions changing market direction are playing out within 1 minute? What is the point in evaluating trades from 1994 if we are 25 years later? Anyway, I have developed this strategy, which is: - non-repainting - not using trailing-stop - not using any other known PulseWire backtest bugs And I'm showing it as an example of OVERFITTING. Backtesting results look absurd: 100% profitable. But if you change any of the many parameters in the Settings popup, they will turn into disaster. It means, the rules of this strategy are very fragile. Don't trade this! Remember about backtesting rule #1: past results do not guarantee success in the future. I'm giving this strategy out with the source code. Feel free to do anything you want with it. But if you find parameters or modifications on, which allow profitable trading on lower timeframes, don't be shy, let me know :) ********* Forex / Indices / Commodities traders who want to start AUTO-TRADING might want to take a look at "TradingConnector", which allows no-latency trades execution from PulseWire to MT4/MT5.

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Real Candles Heikin Ashi (HA) Candle functions This script plots both real and HA candles regardless or which are used on the chart in TV settings. (and has the functions for you to use.) Lots of people seem to misunderstand backtesting (or scam people) based on HA candles. Backtesting with HA candles leads to impossible trades. ALWAYS backtest with real candles. That doesn't mean you might not want to look at HA candle values to make trading decisions. Add the code below to calculate HA candles from real and use that in your HA trading algo, but test it on real charts.

Indicator

SuperTrend Backtester This is a backtesting script for the famous Super Trend. Features - Custom Date Range - Custom Targets and Risks Requested by Dlatrella

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How To Set Trade Dates Example how to backtest specific date(s) which can be useful for testing seasonality strategy ideas such as "Sell in May", etc. If using Daily period with wild card dates it will not trade on 1st day of month. If market is closed will trade on next open day. Works only with Daily or lower timeframes. When using on Daily timeframe set dates 1 day earlier to execute on desired dates. Entering 0 in any of the date fields acts a wild card. Example -> Entry Year: 0 is "Every Year", Exit Month: 0 is "Every Month", etc. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!

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In-depth global business and economic analysis Comprehensive trading education and market insights