↑ ↓ Trade Direction: Select both LONGS and SHORTS or only one of them
🔷 Pyramiding: Define the number of additional entries.
▄ █ Position Sizing: Define initial capital and position size.
⛔ Stop-Loss Management: Define a stop-loss based on either (fixed value, trailing percentage, fixed percentage, supertrend).
❌ Hard Exits: Invalidate your trade with a MACD or RSI divergence or Trend Direction.
💲💲 Take Profit: One level of take profit defined with either (percentage, price value, multiple of stop-loss level/risk-to-reward ratio).
📆 Date Range Filtering: Limits the backtesting to a delimited starting and ending date.
🕒 Hourly Range Filtering: Limits the backtesting to a delimited starting and ending time.
❗❗ Fees and Slippage: Simulate with real market conditions including the broker fees and slippage in the calculations.
🔎 Post-Exit Analysis (PEA): Per trade analysis giving insights on the risk occurred, the available opportunity, how much of that opportunity did we catch, etc.
📊 Extensive analytics: The built-in Data Window shows real-time and cumulated backtesting metrics.
🔔 Dynamic Alerts: Get alerts on entries, exits and other backtest events.
Forward the alerts to your third-party automation software for automated trading.
Simple to understand and use after reading the guide + watch the video. I've been using it for weeks.
Excellent experience. Got it in the PREMIUM 12 package along a few Algorithm Builders. Very happy that I can backtest my own ideas without going through developers.
Easy to install and compatible with pretty much all TradingView indicators. I needed 5 minutes the first time as I'm not a coder - now it only requires not more than 1 minute per indicator. My favorite part: we can export the backtest data to Excel and create real thorough analyses.