The strategy was authored by Hucklekiwi Pip back in 2015 and is still being updated today. She says that the system was designed to simply catch short-term forex trends. At its heart, the system is a simple EMA crossover strategy with a couple of other indicators used for confirming entries.
I think this System is not working as one might hope. tradingviews backtesting engine cant handle TLS and TPS well. Imagine you have a green bar with good price action in the 1min timeframe and your TP is triggered (your TLS is not triggered, very imporant to note) now what? how can TV now if it should trigger the TP? maybe there was a movement in a lower timeframe which would have triggered the TLS in the real world before reaching the TP.
FXNEWLIFE
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Thanks for sharing. Possible to add alerts for every trade? trigger?
jmoz
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TV backtest looks great, but I tried porting the rules of this to another backtester and adding fees I couldn't get a single run to be profitable. Tested on BTC multiple timeframes.
BacktestRookies
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@jmoz, Yes - The post on the website notes that the returns seem too good to be true. Also, a few people have left comments saying that they tried to port it unsuccessfully.
It is just a straight port of the rules posted elsewhere online. No promise of performance :)
BacktestRookies
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@BacktestRookies, Correction - it urges caution. It was another babypips strategy that was too good to be true. Either way, the usual warning applies!
jmoz
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@BacktestRookies, of course. Just sharing my findings. Thanks for the awesome work.
RohitMamilla
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kindly add custom back testing time also
RohitMamilla
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sir kindly set this indicator for fixed stop loss.instead of trailing stop loss
I am back testing it manually on some scripts it works fine
please update this strategy with fixed stop loss
tradingviews backtesting engine cant handle TLS and TPS well.
Imagine you have a green bar with good price action in the 1min timeframe and your TP is triggered (your TLS is not triggered, very imporant to note)
now what? how can TV now if it should trigger the TP? maybe there was a movement in a lower timeframe which would have triggered the TLS in the real world before reaching the TP.