OPEN-SOURCE SCRIPT
Strategy Myth-Busting #8 - TrendSurfers+TrendOsc - [MYN]

This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.
Our 8th one is an automated version of the "653% Gain Magical 1 Minute Scalping Strategy Tested 100 Times | Become Consistently Huge Profit" strategy from "Fxaccurate US" who claims to have achieved 653% profit scalping GOLD on the 5 minute timeframe. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on any timeframe or symbol. Myth 10000% busted.
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
Trading Rules:
Long Condition
Short Condition
Our 8th one is an automated version of the "653% Gain Magical 1 Minute Scalping Strategy Tested 100 Times | Become Consistently Huge Profit" strategy from "Fxaccurate US" who claims to have achieved 653% profit scalping GOLD on the 5 minute timeframe. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on any timeframe or symbol. Myth 10000% busted.
If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
This strategy uses a combination of 2 open-source public indicators:
- Trend Surfers - Premium Breakout + Alerts by TrendSurfersSignals
- Mawreez' Trend Oscillator Indicator by Mawreez
Trading Rules:
- 1 min - 15 min candles
- Stop loss middle between high and low Risk 1:2
Long Condition
- Trend Surfers Trailing stop line goes below (Crosses) lowest low
- Bullish Candle (red)
- Mawreeze Trend Oscilator Indicator is green
Short Condition
- Trend Surfers Trailing stop line goes above (Crosses) highest high
- Bearish Candle (red)
- Mawreeze Trend Oscilator Indicator is red
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
If you're interested in exploring and discovering other high quality free strategies come join us in Discord: discord.gg/2wkm9QqSuY
➖➖🟦➖➖➖🟦
➖🟦🟦🟦🟦🟦🟦🟦
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.