INVITE-ONLY SCRIPT
Updated algoat ML Backtest Visual (Early Access)
ML Backtest Visual is a sophisticated strategy builder framework designed for traders to create and fine-tune personalized trading strategies.
The indicator offers extensive customization options, allowing users to develop strategies based on a combination of technical indicators and backtest them using historical data. This tool empowers traders to make data-driven decisions and refine their trading approach, providing control over their trading journey like never before.
⭐ Features:
Versatile Indicator Integration
Customize and combine a wide range of technical indicators. Set trigger conditions and refine them with additional confirmations to create robust trading signals.
Custom Backtesting System
Analyze historical data to evaluate the effectiveness of trading strategies before live implementation. Aggregated statistics provide a comprehensive performance overview.
Stateful Real-time Monitoring and Alerts
Monitor active trades in real-time and receive alerts based on predefined conditions. Stay informed about market movements and trade statuses with detailed notifications.
Past Performance Reflection
Conduct in-depth analysis of individual trades to identify strengths and weaknesses. Use detailed tracking of market movements to gain an edge.
══════════════════
📚 How does it work? Step-by-step Setup
A well-balanced strategy in the ML Backtest Visual indicator involves setting up order preferences and carefully selecting a combination of conditions and confirmations to generate accurate trading signals. Finding the right balance between these elements is crucial for consistent and profitable trading.
Step 1 — Order Settings: Set up order preferences
Step 2 — General Filtering: Streamline execution by filtering out noise first
*Apply pyramiding (trade layering), directional filters (long/short), and manipulations (e.g., contrarian signals) to filter market noise.
Step 3 — Signal Conditions: Select trigger conditions
*Define quantitative conditions that influence signal generation on the chart and in the backtest table.
*Enable multiple conditions to create a robust set of criteria for signal generation.
Step 4 — Signal Confirmations: Refine trigger conditions
*Use qualitative factors to selectively filter out conditions based on their alignment with chosen confirmations.
*Enhance the precision of signals by enabling multiple confirmations.
Step 5 — Alerts and Custom Messages: Real-time notifications
*Set up alerts for various trading scenarios, including Long/Short entries, Stop Loss, and Take Profit hits.
*Customize alert messages for better user control and timely updates.
The Backtest and Current Trade tables provide a comprehensive visual overview of your strategy's performance, allowing you to track your current position with all the necessary details and make informed decisions based on backtest results.
══════════════════
⚠️ WARNING!
Backtest results do not guarantee future performance. Strategies tested on synthetic data may not accurately represent real-world results. Testing should be conducted on charts that reflect actual closing prices.
The indicator displays buy/sell signals intended to support traders' analysis. Numerous possibilities and combinations are available to create unique strategies, whether trading with or against the trend or capturing oversold bounces. The indicator can be tailored to fit various trading styles.
The settings that influence the signal-generating algorithm play a crucial role in effectively utilizing the signals. We provide users with the flexibility to modify the settings to align with their trading style, while also offering simple adjustment methods using various techniques.
Each method for modifying the signal settings has been designed to meet specific user needs. It is important to understand that one method is not necessarily more accurate than another.
It is essential to understand that signal indications generally serve as trend confirmations, rather than direct entry and exit points. Focusing on the easy use of signal settings and utilizing other functionalities in our toolkit will likely be a better decision than attempting to find the "holy grail" of optimized signal settings and solely relying on following the signals.
══════════════════
🧠 General advice
Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. By integrating multiple analytical approaches, traders can tailor their strategies to fit their unique trading styles and objectives.
Confirming signals with other indicators
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators
Integrate this indicator with other technical indicators to develop a comprehensive trading strategy and provide additional confirmation.
Conduct Thorough Research and Backtesting
Ensure a solid understanding of the indicator and its behavior through thorough research and backtesting before making trading decisions. Consider incorporating fundamental analysis and market sentiment into your trading approach.
══════════════════
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. A word to the wise is enough: developed by traders, for traders — pioneering innovations for the modern era.
Risk Notice
Everything provided by algoat — from scripts, tools, and articles to educational materials — is intended solely for educational and informational purposes. Past performance does not assure future returns.
The indicator offers extensive customization options, allowing users to develop strategies based on a combination of technical indicators and backtest them using historical data. This tool empowers traders to make data-driven decisions and refine their trading approach, providing control over their trading journey like never before.
⭐ Features:
Versatile Indicator Integration
Customize and combine a wide range of technical indicators. Set trigger conditions and refine them with additional confirmations to create robust trading signals.
Custom Backtesting System
Analyze historical data to evaluate the effectiveness of trading strategies before live implementation. Aggregated statistics provide a comprehensive performance overview.
Stateful Real-time Monitoring and Alerts
Monitor active trades in real-time and receive alerts based on predefined conditions. Stay informed about market movements and trade statuses with detailed notifications.
Past Performance Reflection
Conduct in-depth analysis of individual trades to identify strengths and weaknesses. Use detailed tracking of market movements to gain an edge.
══════════════════
📚 How does it work? Step-by-step Setup
A well-balanced strategy in the ML Backtest Visual indicator involves setting up order preferences and carefully selecting a combination of conditions and confirmations to generate accurate trading signals. Finding the right balance between these elements is crucial for consistent and profitable trading.
Step 1 — Order Settings: Set up order preferences
- Configure up to 6 profit targets with stop-loss levels and partial exit percentages.
- Choose between automatic target creation and manual customization for precise control over trades.
- Define your preferred trailing stop strategy to limit potential losses and secure profits by automatically closing positions partially when certain price targets are reached. This may help you to maintain discipline in your trading and optimize your risk-reward ratio.
Step 2 — General Filtering: Streamline execution by filtering out noise first
*Apply pyramiding (trade layering), directional filters (long/short), and manipulations (e.g., contrarian signals) to filter market noise.
Step 3 — Signal Conditions: Select trigger conditions
*Define quantitative conditions that influence signal generation on the chart and in the backtest table.
*Enable multiple conditions to create a robust set of criteria for signal generation.
Step 4 — Signal Confirmations: Refine trigger conditions
*Use qualitative factors to selectively filter out conditions based on their alignment with chosen confirmations.
*Enhance the precision of signals by enabling multiple confirmations.
Step 5 — Alerts and Custom Messages: Real-time notifications
*Set up alerts for various trading scenarios, including Long/Short entries, Stop Loss, and Take Profit hits.
*Customize alert messages for better user control and timely updates.
The Backtest and Current Trade tables provide a comprehensive visual overview of your strategy's performance, allowing you to track your current position with all the necessary details and make informed decisions based on backtest results.
══════════════════
⚠️ WARNING!
Backtest results do not guarantee future performance. Strategies tested on synthetic data may not accurately represent real-world results. Testing should be conducted on charts that reflect actual closing prices.
The indicator displays buy/sell signals intended to support traders' analysis. Numerous possibilities and combinations are available to create unique strategies, whether trading with or against the trend or capturing oversold bounces. The indicator can be tailored to fit various trading styles.
The settings that influence the signal-generating algorithm play a crucial role in effectively utilizing the signals. We provide users with the flexibility to modify the settings to align with their trading style, while also offering simple adjustment methods using various techniques.
Each method for modifying the signal settings has been designed to meet specific user needs. It is important to understand that one method is not necessarily more accurate than another.
It is essential to understand that signal indications generally serve as trend confirmations, rather than direct entry and exit points. Focusing on the easy use of signal settings and utilizing other functionalities in our toolkit will likely be a better decision than attempting to find the "holy grail" of optimized signal settings and solely relying on following the signals.
══════════════════
🧠 General advice
Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. By integrating multiple analytical approaches, traders can tailor their strategies to fit their unique trading styles and objectives.
Confirming signals with other indicators
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators
Integrate this indicator with other technical indicators to develop a comprehensive trading strategy and provide additional confirmation.
Conduct Thorough Research and Backtesting
Ensure a solid understanding of the indicator and its behavior through thorough research and backtesting before making trading decisions. Consider incorporating fundamental analysis and market sentiment into your trading approach.
══════════════════
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. A word to the wise is enough: developed by traders, for traders — pioneering innovations for the modern era.
Risk Notice
Everything provided by algoat — from scripts, tools, and articles to educational materials — is intended solely for educational and informational purposes. Past performance does not assure future returns.
Release Notes
-Release Notes
-Release Notes
- added SMZ conditions from SMC- bounce tuning
Release Notes
-Release Notes
-Release Notes
-Release Notes
-Release Notes
updated to reflect latest changes in the ecosystemRelease Notes
SMC Core and TMC algorithm update: sensitivity adjustments.Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact algoat directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Get access: https://algoat.net
Warning: please read our guide for invite-only scripts before requesting access.
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.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact algoat directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Get access: https://algoat.net
Warning: please read our guide for invite-only scripts before requesting access.
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.