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 fifth one we are automating is one of the strategies from "The Best 3 Buy And Sell Indicators on Tradingview + Confirmation Indicators ( The Golden Ones ))" from "Online Trading Signals (Scalping Channel)". No formal backtesting was done by them and resuructo messaged me asking if we could validate their claims.
Originally, we mimic verbatim the settings Online Trading Signals was using however weren't getting promising results. So before we stopped there we thought we might want to see if this could be improved on. So we adjusted the Renko Assignment modifier from ATR to Traditional and adjusted the value to be higher from 30 to 47. We also decided to try adding another signal confirmation to eliminate some of the ranged market conditions so we choose our favorite, ADX . Also, given we are using this on a higher time-frame we adjusted the G-Channel Trend detection source from close to OHLC4 to get better average price action indication and more accurate trend direction.
This strategy uses a combination of 2 open-source public indicators:
Love your project – but i wonder: Do you backtest using the regular TV backtesting engine or do you have another system? I got the impression that this might be repainting, especially due t the 'request security' calls in the POKI indicator. On another note, for me it only works on BTCUSDT . I get 'no data' errors on almost every other trading pair. Some pairs like UNIUSDT produce 1 trade – it seems to be connected to POKI as the strat works on any pair and timeframe when i comment out POKI. But it gives extremely negative results then...
zhiqiang6111
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When I was about to install, it was prompted that there was an error that could not be used on the chart
On another note, for me it only works on BTCUSDT . I get 'no data' errors on almost every other trading pair. Some pairs like UNIUSDT produce 1 trade – it seems to be connected to POKI as the strat works on any pair and timeframe when i comment out POKI. But it gives extremely negative results then...