TBO Backtesting Strategy

How Does This Work?
You will initially see the original settings for the TBO, those are unchanged and will feel familiar. Below that is where the backtesting options come into play.
There are two sections: BUY & SELL
BUY
Checking a buy option means you are now including that buy trigger as an additional BUY signal. If you have LONG checked, then only the TBO LONG signal will be sent to open a buy order. Likewise, if you have LONG and CLOSE SHORT checked, both of those will be sending buy orders in the backtest.
SELL
The SELL section offers the ability to toggle sell orders. Additionally, you are able to specify what KIND of relationship it has with the buy orders. By default, each sell order has a direct relationship to its counterpart buy signal:
Example 1:
BUY: LONG Signal
SELL: SHORT Signal || Mapping: "Long" || Result: Will close LONG orders
Example 2:
BUY: CLOSE SHORT Signal
SELL: TBO SELL Signal || Mapping: "CLOSE SHORT" || Result: Will close CLOSE SHORT orders
Example 3:
BUY: LONG Signal
BUY: CLOSE SHORT Signal
SELL: TBO Sell || Mapping: "Long" || Result: Will close LONG orders
SELL: SHORT Signal || Mapping: "All" || Result: Will close ALL orders
Example 4:
BUY: LONG Signal
BUY: CLOSE SHORT Signal
SELL: SHORT Signal || Mapping: "LONG" || Result: Will close LONG orders
SELL: TBO Sell || Mapping: "CLOSE SHORT" || Result: Will close CLOSE SHORT orders
Hopefully, you get the idea buy now. You can map the closing orders to different buy orders to find the best types of entry and exit points.
Please note this is invite-only and requires an active Poobah Crypto Services subscription. If you are interested in using the strategy or TBO Indicator please visit the website in my signature below. Thanks!
No support via Tradingview chat.
Increased backtesting window data to 2000 from 2017.
This idea was generated by our very own Dradian. Hats off to him.
2 Modes:
Static: Choose your volume
Multiple: Set your volume Moving Average and your multiple factor - aka 20 MA x 3.
NO SUPPORT VIA TRADINGVIEW
NO SUPPORT VIA TRADINGVIEW.
-Added Unicode text to help simplify labels
-Changed Breakdown shape to a circle
-Removed Calculate on Fill and every Tick by default
No support via Tradingview chat
- Removed Short S/R
- Added RSI filter for Open Long/Short
- Added Take Profit % Long/Short
- Added Take Profit % Long/Short alerts
- Minor internal changes
Changed the StopLoss % to now have separated %s for Long/Short
No support via Tradingview chat
- Up to 8 conditions per alert
- 3Commas friendly syntax
- Auto switch for Open Long / Open Short for 3Commas
- DHP can now be used as open conditions
- New Lite mode helps improve performance by limiting plot history
Update Video / Please watch for guidance on how to implement the alerts: youtu.be/absuaVMcIVU
Just as a friendly reminder, we don't provide trading advice, help with trading strategies or provide assistance with automation of the TBO. These things are left to the user. Thank you
If you intend on using the TP or SL options, please make sure to turn on "Recalculate: After Order is Filled" to help reduce wandering %
This update will change how the entry orders look. Before they would show at the close of the bar, however now they will show on the open of the next bar (which is the same as close of the bar most of the time unless there is really low volume, but either way it performs the same as the time between the close of the bar and the open of the next bar is almost instant). The alerts still fire at the same time, it's simply a visual difference.
Fixed a reported bug where TP/SL was affecting the opposite position side: ie SL Short was affecting the long position. This should now be fixed
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Istruzioni dell'autore
Attenzione: prima di richiedere l'accesso, leggi la nostra guida per gli script su invito.
Declinazione di responsabilità
Script su invito
Solo gli utenti autorizzati dall'autore hanno accesso a questo script e ciò richiede solitamente un pagamento. Puoi aggiungere lo script ai tuoi preferiti, ma potrai utilizzarlo solo dopo aver richiesto l'autorizzazione e averla ottenuta dal suo autore - per saperne di più leggi qui. Per maggiori dettagli, segui le istruzioni dell'autore qui sotto o contatta direttamente Drungle.
TradingView NON consiglia di pagare o utilizzare uno script a meno che non ci si fidi pienamente del suo autore e non si comprenda il suo funzionamento. Puoi anche trovare alternative gratuite e open-source nei nostri script della comunità.
Istruzioni dell'autore
Attenzione: prima di richiedere l'accesso, leggi la nostra guida per gli script su invito.