For this strategy I use a combination of a , an oscillator, price action and .
This strategy has both the opportunity to go long and short.
As well, it has a leverage simulator .
The rules are the next ones:
Long : we check that current candle is ascending and above the moving average, the is in positive range, is below overbought level and is bigger than the moving avg of .
For short, we have the opposite long rules.
If you have any questions, please let me know !
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
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Thanks for the script, :)
I ran your script to backtest since 2015 and the result was 19170.64 % gross
Then I ran a backtest for Buy&Hold since 2015 and the result was 19844.767% gross, so does that means buy and hold is the best option?
I was hoping some of us could come up with solid strategy to get more out of a simple buy and hold strategy which is not really a strategy and is very simple. :D
I'm perplexed testing this. Nothing I backtest with this strategy shows making a profit over holding. Yet you can see quite clearly it mostly buys the dips and sells the peaks.
a quick manual calculation over a month shows it does make a profit over holding.
What's also strange about strategy performance testing is if you change the timeframe from 4 hour to 1 min, then the buy and hold profit changes also.
What am I missing?