alGROWithm Premium - Strategy Tester

16 Jan 2021

The alGROWithm Strategy Tester is a supplement to the original alGROWithm indicator.

Use this strategy to do your own back testing and find the best settings that work for your asset of choice.


█ WHY THIS IS IMPORTANT

Different assets require different settings for optimal results. This strategy script will allow you back test different settings for alGROWithm in order to analyze key metrics such as win rate and P/L. TradingView functionality also enables you to view a high level performance summary and even see every single individual trade made by the algo.


█ BEST PRACTICES

• Depending on the asset you are testing, it is very important to update the settings as needed. For example, if you are back testing on US30, you will likely need to increase the starting capital. For other assets, you may also need to change the order size to use the Contracts option.
  
• It is important to decide for yourself which back testing parameter you will weigh more heavily in terms of importance. For example, a day trader may want to use a setting that maximizes win rate rather than profit % since we are humans and not computers. Further, it is highly recommended to utilize all of the rich features that TradingView provides with regards to back testing. For example, using the List of Trades tab, go back to find a failed trade and analyze the trade to see if you actually would have taken it in the moment.
  
• After finding the best sensitivity for your asset, it is important to set that sensitivity value on the non-strategy version of alGROWithm for usage. Changing settings on this version will not carry over to the non-strategy version.
  

█ DEFAULT SETTINGS

We have set the following default settings on the strategy:

• Starting capital: $100k
• Order size: 30% of equity
  
• Sell 1/5 of position every Take Profit level
  

19 Jan 2021

Nota Keluaran

alGROWithm Strategy Tester 1.24 - Release Notes

- Added support for back-testing with custom date range

NOTE: To gain access to this indicator, please click the link in my signature at the bottom of this page.

20 Jan 2021

Nota Keluaran

alGROWithm Strategy Tester 1.24 - Release Notes

- Added support for back-testing with custom date range

NOTE: To gain access to this indicator, please click the link in my signature at the bottom of this page.

17 Feb 2021

Nota Keluaran

Minor updates to set default settings to include slippage = 1. Overall default settings are below:

Start Date: 1/1/2000
End Date: 12/31/2020
Initial Capital: $100,000 USD
Order Size: 30% of equity
Slippage: 1
Process orders on close: true
Pyramiding orders: 0

17 Feb 2021

Nota Keluaran

Minor updates

2 Mei 2021

Nota Keluaran

alGROWithm v1.24.1 Release Notes

NEW FEATURES
- New "Stop Loss Strategy" setting allows you to choose between a "Lenient" (default) or "Strict" setting. "Lenient" stop loss setting uses the trend flip point as the stop loss. "Strict" stop loss setting uses low of entry candle or low of most recent Take Profit signal.

Settings for attached strategy results:

Sensitivity: 25
Stop Loss Strategy: Lenient
Start Date: 1/1/2000
End Date: 5/1/2021
Initial Capital: $100,000 USD
Order Size: 30% of equity
Slippage: 1
Process orders on close: true
Pyramiding orders: 0