OPEN-SOURCE SCRIPT
Canuck Trading Trader Strategy
Canuck Trading Trader Strategy
Overview
The Canuck Trading Trader Strategy is a high-performance, trend-following trading system designed for NASDAQ:TSLA on a 15-minute timeframe. Optimized for precision and profitability, this strategy leverages short-term price trends to capture consistent gains while maintaining robust risk management. Ideal for traders seeking an automated, data-driven approach to trading Tesla’s volatile market, it delivers strong returns with controlled drawdowns.
Key Features
Trend-Based Entries: Identifies short-term trends using a 2-candle lookback period and a minimum trend strength of 0.2%, ensuring responsive trade signals.
Risk Management: Includes a configurable 3.0% stop-loss to cap losses and a 2.0% take-profit to lock in gains, balancing risk and reward.
High Precision: Utilizes bar magnification for accurate backtesting, reflecting realistic trade execution with 1-tick slippage and 0.1 commission.
Clean Interface: No on-chart indicators, providing a distraction-free trading experience focused on performance.
Flexible Sizing: Allocates 10% of equity per trade with support for up to 2 simultaneous positions (pyramiding).
Performance Highlights
Backtested from March 1, 2024, to June 20, 2025, on NASDAQ:TSLA (15-minute timeframe) with $1,000,000 initial capital:
Net Profit: $2,279,888.08 (227.99%)
Win Rate: 52.94% (3,039 winning trades out of 5,741)
Profit Factor: 3.495
Max Drawdown: 2.20%
Average Winning Trade: $1,050.91 (0.55%)
Average Losing Trade: $338.20 (0.18%)
Sharpe Ratio: 2.468
Note: Past performance is not indicative of future results. Always validate with your own backtesting and forward testing.
Usage Instructions
Setup:
Apply the strategy to a NASDAQ:TSLA 15-minute chart.
Ensure your TradingView account supports bar magnification for accurate results.
Configuration:
Lookback Candles: Default is 2 (recommended).
Min Trend Strength: Set to 0.2% for optimal trade frequency.
Stop Loss: Default 3.0% to cap losses.
Take Profit: Default 2.0% to secure gains.
Order Size: 10% of equity per trade.
Pyramiding: Allows up to 2 orders.
Commission: Set to 0.1.
Slippage: Set to 1 tick.
Enable "Recalculate After Order is Filled" and "Recalculate on Every Tick" in backtest settings.
Backtesting:
Run backtests over March 1, 2024, to June 20, 2025, to verify performance.
Adjust stop-loss (e.g., 2.5%) or take-profit (e.g., 1–3%) to suit your risk tolerance.
Live Trading:
Use with a compatible broker or TradingView alerts for automated execution.
Monitor execution for slippage or latency, especially given the high trade frequency (5,741 trades).
Validate in a demo account before deploying with real capital.
Risk Disclosure
Trading involves significant risk and may result in losses exceeding your initial capital. The Canuck Trading Trader Strategy is provided for educational and informational purposes only. Users are responsible for their own trading decisions and should conduct thorough testing before using in live markets. The strategy’s high trade frequency requires reliable execution infrastructure to minimize slippage and latency.
Overview
The Canuck Trading Trader Strategy is a high-performance, trend-following trading system designed for NASDAQ:TSLA on a 15-minute timeframe. Optimized for precision and profitability, this strategy leverages short-term price trends to capture consistent gains while maintaining robust risk management. Ideal for traders seeking an automated, data-driven approach to trading Tesla’s volatile market, it delivers strong returns with controlled drawdowns.
Key Features
Trend-Based Entries: Identifies short-term trends using a 2-candle lookback period and a minimum trend strength of 0.2%, ensuring responsive trade signals.
Risk Management: Includes a configurable 3.0% stop-loss to cap losses and a 2.0% take-profit to lock in gains, balancing risk and reward.
High Precision: Utilizes bar magnification for accurate backtesting, reflecting realistic trade execution with 1-tick slippage and 0.1 commission.
Clean Interface: No on-chart indicators, providing a distraction-free trading experience focused on performance.
Flexible Sizing: Allocates 10% of equity per trade with support for up to 2 simultaneous positions (pyramiding).
Performance Highlights
Backtested from March 1, 2024, to June 20, 2025, on NASDAQ:TSLA (15-minute timeframe) with $1,000,000 initial capital:
Net Profit: $2,279,888.08 (227.99%)
Win Rate: 52.94% (3,039 winning trades out of 5,741)
Profit Factor: 3.495
Max Drawdown: 2.20%
Average Winning Trade: $1,050.91 (0.55%)
Average Losing Trade: $338.20 (0.18%)
Sharpe Ratio: 2.468
Note: Past performance is not indicative of future results. Always validate with your own backtesting and forward testing.
Usage Instructions
Setup:
Apply the strategy to a NASDAQ:TSLA 15-minute chart.
Ensure your TradingView account supports bar magnification for accurate results.
Configuration:
Lookback Candles: Default is 2 (recommended).
Min Trend Strength: Set to 0.2% for optimal trade frequency.
Stop Loss: Default 3.0% to cap losses.
Take Profit: Default 2.0% to secure gains.
Order Size: 10% of equity per trade.
Pyramiding: Allows up to 2 orders.
Commission: Set to 0.1.
Slippage: Set to 1 tick.
Enable "Recalculate After Order is Filled" and "Recalculate on Every Tick" in backtest settings.
Backtesting:
Run backtests over March 1, 2024, to June 20, 2025, to verify performance.
Adjust stop-loss (e.g., 2.5%) or take-profit (e.g., 1–3%) to suit your risk tolerance.
Live Trading:
Use with a compatible broker or TradingView alerts for automated execution.
Monitor execution for slippage or latency, especially given the high trade frequency (5,741 trades).
Validate in a demo account before deploying with real capital.
Risk Disclosure
Trading involves significant risk and may result in losses exceeding your initial capital. The Canuck Trading Trader Strategy is provided for educational and informational purposes only. Users are responsible for their own trading decisions and should conduct thorough testing before using in live markets. The strategy’s high trade frequency requires reliable execution infrastructure to minimize slippage and latency.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.