Mythbusting

Strategy Myth-Busting #13 - MultiEMA+BXTrender - [SP/MYN]#13 on the Myth-Busting bench, we are automating the "I Found The Highest Win Rate 15 Minute Scalping Trading Strategy Ever" strategy from "TradeIQ" who claims to have backtested this manually and achieved 410% profit over 100 trades within 6 months on Natural Gas with 79 Wins / 21 Losses with an astounding 3.96% Max Drawdown. It was quite challenging emulating the same subjective EMA pullback logic along with the dependent sequencing of events necessary to enter a trade and we might improve on this to make it better in the future. Super kudos to @spdoinkal who helped with this strategy. If you have ideas on how this could be improved on, would love to hear about them. As is, we were unable to substantiate similar results to what was manually backtested by TradeIQ, we do however see potential here. Given some optimizations and improvements to the the entry logic accommodating for a wider more variable margin after pullbacks reestablish above/below the fast EMA we think the performance of this strategy could certainly be improved upon. So not sure if we have totally myth busted this completely at this point in time. This strategy uses a combination of 2 open-source public indicators: 3 EMA's (Trading View Internal) B-Xtrender by Puppytherapy Three separate (21), (89) and (200) EMA's are used as a means to confirm and keep entry out of ranged markets. When the 3 EMA's are all clumped up together with no distance it's indicative of a flat or ranged market. This is then used in conjunction with B-XTrender as a means to detect the trend direction. B-XTrender which is a trend following indicator originally published in the IFTA Journal by Bharat Jhunjhunwala. It uses both a short and long term lengths along with a compound EMA used as a means to smooth and sample trend direction. Trading Rules 15 min candles but other lower time-frames Stop Loss on previous swing high/low No Take Profit, Exit on new red/green circles from BX-Trender Long EMA Green (21) on top, White (89)in middle and red (200) on bottom and there is distance between EMA's need to be spaced, otherwise in a ranged market Price action must pull back into 89 EMA (White line) either close or touching it. Once pullback occurs wait for BX Trender to issue a new green circle and BX Trend line must be green and above 0 Price action must also pull up back above the (Green Line) EMA 21 Short EMA Red (200) on top, White (89) in middle and Green (21) on bottom and there is distance between EMA's need to be spaced, otherwise in a ranged market Price action must pull back into 89 EMA (White line) either close or touching it. Once pullback occurs wait for BX Trender to issue a new red circle and BX Trend line must be red and below 0 Price action must also pull up back below the (green Line) EMA 21 If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.

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Strategy Myth-Busting #12 - OSGFC+SuperTrend - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 12th one is an automated version of the "The Most Powerful Tradingview Buy Sell Signal Indicator " strategy from "Power of Trading" who doesn't make any official claims but watching how he trades with this, it on the surface looked promising. The strategy author uses this on the 15 min strategy on mostly FOREX. Unfortunately as indicated by the backtest results below, we were not able to substantiate any good positive trading metrics from this, be it Profit, Markdown, Num Of Trades etc. This does seem to do okay with some entries but perhaps adding another indicator to this to filter out more noise might make it better. At least how this strategy is presented now, this is not something I recommend anyone use. This strategy uses a combination of 2 open-source public indicators: SuperTrend by TradingView Internal One-Sided Gaussian Filter w/ Channels By Loxx The SuperTrend indicator and the One-Sided Gaussian Filter complement each other by providing a more complete and accurate picture of market trends. The SuperTrend indicator is used to identify trends. It does this by calculating a moving average of the underlying securities price and then comparing the current price to the moving average. When the current price is above the moving average, the trend is considered bullish, and when it is below, the trend is considered bearish. The One-Sided Gaussian Filter is a mathematical tool that is used to smooth out fluctuations in financial data. It does this by removing random noise from the data, making it easier to identify patterns and trends. When the SuperTrend indicator is used in conjunction with the One-Sided Gaussian Filter, the smoothed price data generated by the filter is used as the input for the SuperTrend calculation. This provides a more accurate representation of market trends and helps to eliminate false signals generated by short-term price movements. As a result, the SuperTrend indicator is able to more accurately identify the underlying trend in the market and provide traders with a cleaner and more reliable signal to act upon. In summary, the SuperTrend indicator and the One-Sided Gaussian Filter complement each other by providing a more accurate and reliable representation of market trends, resulting in improved performance for traders. If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. Trading Rules 15 min candles FOREX or Crypto Stop loss at swing high/low | 1.5 risk/ratio Long Condition SuperTrend and OSGFC generate buy signal Close Buy on Gaussian generating a sell signal Short Condition SuperTrend and OSGFC generate sell signal Close Buy on Gaussian generating a buy signal

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Strategy Myth-Busting #23 - 2xEMA+DPO- [MYN]#23 on the Myth-Busting bench, we are automating the "Best Funded Account Trading Strategy (Pass EVERY Challenge!)" strategy from "Trade with Pat" who claims this strategy will pass every trading challenge out there. This strategy uses 3 open source indicators. 2 EMA's. The first one (Slow) is set to a length of 40 and a fast EMA which is set to 12. This strategy uses the crossover of the fast( 12) EMA over the Slow EMA ( 40 ) as the primary means to enter a long position. The opposite when the fast EMA crosses under the slow EMA as a means to indicate a short position. This strategy uses the DPO (Detrended Price Oscillaor) from the Uptrend Price DPO indicator in the same way we would traditionally use a stochastic or moving average convergence/divergence indicator like the MACD . Basically, the DPO helps evaluate and estimate the length of the price cycle from peak to peek or through to trough and in this strategy confirms entry of a long / short condition complimenting the EMA crossover/crossunders. And as always, If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. This strategy uses a combination of 2 open-source public indicators: EMA x2 ( 40 and 12) Untrend Price DPO indicator by jTradeuh Trading Rules 1 or 4 hour candles Stop loss at previous highest-high (Short) and lowest-low (Long). Take Profit 2 - 2.5 the risk Strategy Template includes open source code from the following: Performance Summary Dashboard by @VertMT Time Of Day Window by @ddctv Monthly Table Performance Dashboard by @QuantNomad

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Strategy Myth-Busting #11 - TrendMagic+SqzMom+CDV - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 11th one is an automated version of the "Magic Trading Strategy : Most Profitable Indicator : 1 Minute Scalping Strategy Crypto" strategy from "Fx MENTOR US" who doesn't make any official claims but given the indicators he was using, it looked like on the surface that this might actually work. The strategy author uses this on the 1 minute and 3 minute timeframes on mostly FOREX and Heiken Ashi candles but as the title of his strategy indicates is designed for Crypto. So who knows.. To backtest this accurately and get a better picture we resolved the Heiken Ashi bars to standard candlesticks . Even so, I was unable to sustain any consistency in my results on either the 1 or 3 min time frames and both FOREX and Crypto. 10000% Busted. This strategy uses a combination of 3 open-source public indicators: Trend Magic by KivancOzbilgic Squeeze Momentum by LazyBear Cumulative Delta Volume by LonesomeTheBlue Trend Magic consists of two main indicators to validate momentum and volatility. It uses an ATR like a trailing Stop to determine the overarching momentum and CCI as a means to validate volatility. Together these are used as the primary indicator in this strategy. When the CCI is above 0 this is confirmation of a volatility event is occurring with affirmation based upon current momentum (ATR). The CCI volatility indicator gets confirmation by the the Cumulative Delta Volume indicator which calculates the difference between buying and selling pressure. Volume Delta is calculated by taking the difference of the volume that traded at the offer price and the volume that traded at the bid price. The more volume that is traded at the bid price, the more likely there is momentum in the market. And lastly the Squeeze Momentum indicator which uses a combination of Bollinger Bands, Keltner Channels and Momentum are used to again confirm momentum and volatility. During periods of low volatility, Bollinger bands narrow and trade inside Keltner channels. They can only contract so much before it can’t contain the energy it’s been building. When the Bollinger bands come back out, it explodes higher. When we see the histogram bar exploding into green above 0 that is a clear confirmation of increased momentum and volatile. The opposite (red) below 0 is true when there are low periods. This indicator is used as a means to really determine when there is premium selling plays going on leading to big directional movements again confirming the positive or negative momentum and volatility direction. If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. Trading Rules 1 - 3 min candles FOREX or Crypto Stop loss at swing high/low | 1.5 risk/ratio Long Condition Trend Magic line is Blue ( CCI is above 0) and above the current close on the bar Squeeze Momentum's histogram bar is green/lime Cumulative Delta Volume line is green Short Condition Trend Magic line is Red ( CCI is below 0) and below the current close on the bar Squeeze Momentum's histogram bar is red/maroon Cumulative Delta Volume line is peach

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Strategy Myth-Busting #9 - HullSuite+LSMA - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 9th one is an automated version of the "I Tested The Best 1 Minute Scalping Strategy That Will Blow Your Mind 100 Times" strategy from "Profit Now" who claims to have achieved 36.7% profit scalping XRPUSDT on the 1 minute timeframe in only 15 days. As you can see from the backtest results below, I was unable to substantiate anything remotely close to that that claim on any timeframe or symbol. Myth 10000% busted. This strategy uses a combination of 2 open-source public indicators: Hull Suite by InSilico and Least Squares Moving Average (LSMA) The Hull Moving Average (HMA) is a faster version of the traditional moving average and is designed to reduce lag and improve the responsiveness of the average to price changes. In this strategy the HMA is used as a trend-following indicator, When the HMA is rising it is indicative of an upwards trend and when its falling its indicative of a downtrend. The Least Squares Moving Average (LSMA) used in this strategy is similar to the HMA in that it is designed to reduce lag and improve the responsiveness of the average to price changes. In this strategy the LSMA is used to also not only identify trends but also confirm signals, it also is used to identify possible changes in the trend and market conditions. When we use these together, the Hull Suite and LSMA indicators provide a complimentary confirmation of trend direction and trend swings. The Hull Suite helps to identify and confirm trends, while the LSMA aids to confirm signals and identify potential changes in market conditions. The way this strategy is designed is when the Hull Suite HMA is trending up and the LSMA crosses above the HMA, we enter a long condition. When the Hull Suite is trending down and the LSMA crosses below the HMA we take a short position. Because of the low latency of these two indicators this strategy can be used on lower time frames down to 1 minute. On high volatility crypto on the lowest time frames, a 1:4 Risk Ratio should be used. A lower less risk ratio should be used on less volatile archetypes of securities. If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me

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Strategy Myth-Busting #7 - MACDBB+SSL+VSF - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our seventh one we are automating is the "Magic MACD Indicator: Crazy Accurate Scalping Trading Strategy ( 74% Win Rate )" strategy from "TradeIQ" who claims to have backtested this manually and achieved 427% profit with a 74% winrate over 100 trades in just a 4 months. I was unable to emulate these results consistently accommodating for slippage and commission but even so the results and especially the high win-rate and low markdown is pretty impressive and quite respectable. This strategy uses a combination of 3 open-source public indicators: AK MACD BB v 1.00 by Algokid SSL Hybrid by Mihkel00 Volume Strength Finder by Saravanan_Ragavan This is considered a trend following Strategy. AK MACD BB is being used as the primary short term trend direction indicator with an interesting approach of using Bollinger Bands to define an upper and lower range and upon the MACD going above the upper Bollinger Bands, it's indicative of an up trend, where as if the MACD is below the lower Bollinger Band, it's indicative of a down trend. To eliminate false signals, SSL Hyrbid is used as a trend confirmation filter, confirming and eliminating false signals from the MACD BB. It does this by validating the price action is above the the EMA and the SSL is positive that is a confirmation of an uptrend. When the price action is below the EMA and the SSL is negative, that is an confirmation of a downtrend. To avoid taking trades during ranged markets, VSF Buyer's Strength is used so the buyers/sellers strength and must be above 50% or the trade will not be inititiated. Trading Rules 5 min candles but other lower time frames even below 5m work quite well too. Best results can be found by tweaking these 2 input parameters: Number Of bars to look back to ensure MACD isn't above/below Zero Line Number Of bars back to look for SSL pullback Long Entry when these conditions are true AK MACD BB BB issues a new continuation long signal. A new green circle must appear on the indicator and these circles should not be touching across the zero level while they were previously red SSL Hybrid price action closes above the EMA and the line is blue color and then creates a pullback . The pullback is confirmed when the color changes from blue to gray or from blue to red. VSF Buyers strength above 50% at the time the MACD indicator issues a new long signal. Short Entry when these conditions are true AK MACD BB issues a new continuation short signal. A new red circle must appear on the indicator and these circles should not be touching across the zero level while they were previously green SSL Hybrid price action closes below the EMA and the line is red color then it has to create a pullback . The pullback is confirmed when the color changes from red to gray or from red to blue. VSF Sellers strength above 50% at the time the MACD indicator issues a new short signal. Stop Loss at EMA Line with TP Target 1.5x the risk If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.

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Strategy Myth-Busting #5 - POKI+GTREND+ADX - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our fifth one we are automating is one of the strategies from "The Best 3 Buy And Sell Indicators on Tradingview + Confirmation Indicators ( The Golden Ones ))" from "Online Trading Signals (Scalping Channel)". No formal backtesting was done by them and resuructo messaged me asking if we could validate their claims. Originally, we mimic verbatim the settings Online Trading Signals was using however weren't getting promising results. So before we stopped there we thought we might want to see if this could be improved on. So we adjusted the Renko Assignment modifier from ATR to Traditional and adjusted the value to be higher from 30 to 47. We also decided to try adding another signal confirmation to eliminate some of the ranged market conditions so we choose our favorite, ADX . Also, given we are using this on a higher time-frame we adjusted the G-Channel Trend detection source from close to OHLC4 to get better average price action indication and more accurate trend direction. This strategy uses a combination of 2 open-source public indicators: poki buy and sell Take profit and stop loss by RafaelZioni G-Channel Trend Detection by jaggedsoft Trading Rules 15m - 4h timeframe. We saw best results at the recommended 1 hour timeframe. Long Entry: When POKI triggers a buy signal When G-Channel Trend Detection is in an upward trend (Green) ADX Is above 25 Short Entry: When POKI triggers a sell signal When G-Channel Trend Detection is in an downward trend (red) ADX Is above 25 If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.

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Strategy Myth-Busting #4 - LSMA+HULL Crossover - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our fourth one we are automating is one of the strategies from "I Found The Best 1 Minute Scalping Strategy That Actually Works! ( Beginner Friendly )" from "Trade Domination" who claims to have made 366% profit on the 1 min chart of Solona despite having a 31% win rate in just a few weeks. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on the same symbol ( SOLUSD ), timeframe (1m) with identical instrument settings that "Trade Domination" was demonstrating with. Strategy Busted. If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. This strategy uses a combination of 2 open-source public indicators: LSMA Hull Suite by InSilico Trading Rules 1 min candles Stop Loss on recent swing High/Low 1:5 Risk Ratio Enter Long LSMA cross above Red Hull Suite line Price has to be above Hull Suite Line Enter Short LSMA crosses under green Hull Suite Line Price has to be below Hull Suite Line

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Strategy Myth-Busting #20 - HalfTrend+HullButterfly - [MYN]#20 on the Myth-Busting bench, we are automating the " I Found Super Easy 1 Minute Scalping System And Backtest It 100 Times " strategy from " Jessy Trading " who claims 30.58% net profit over 100 trades in a couple of weeks with a 51% win rate and profit factor of 1.56 on EURUSD . This one surprised us quite a bit. Despite the title of this strategy indicating this is on the 1 min timeframe, the author demonstrates the backtesting manually on the 5 minute timeframe. Given the simplicity of this strategy only incorporating a couple of indicators, it's robustness being able to be profitable in both low and high timeframes and on multiple symbols was quite refreshing. The 3 settings which we need to pay most attention to here is the Hull Butterfly length, HalfTrend amplitude and the Max Number Of Bars Between Hull and HalfTrend Trigger. Depending on the timeframe and symbol, these settings greatly impact the performance outcomes of the strategy. I've listed a couple of these below. And as always, If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. This strategy uses a combination of 3 open-source public indicators: Hull Butterfly Oscillator by LuxAlgo HalfTrend by Everget Trading Rules 5 min candles but higher / lower candles work too. Stop loss at swing high/low Take Profit 1.5x the risk Long Hull Butterfly gives us green column, Wait for HalfTrend to present an up arrow and enter trade. Short Hull Butterfly gives us a red column , Wait for HalfTrend to present a down arrow and enter trade. Alternative Trading Settings for different time frames 1 Minute Timeframe Move the Hull Butterfly length from the default 11 to 9 Move the HalfTrend Amplitude from the default 2 to 1 Enabling ADX Filter with a 25 threshold 2 Hour Timeframe Move the HalfTrend Amplitude from the default 2 to 1 Laddered Take Profits from 14.5% to 19% with an 8% SL

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Strategy Myth-Busting #10 - InsideBar+EMA - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 10th one we are automating is the " 75% Win Rate High Profit Inside Bar Trading Strategy - What If You ... " strategy from " Trade Pro " who claims to have backtested this manually and achieved 11,063% profit with a 75% winrate over 100 trades. I was unable to emulate these results consistently accommodating for slippage and commission but even so, the results look promising. I was only able to achieve this win-rate with some multiple take profit staggering. Even so the markdown is above where I would normally consider comfortable (>20%). If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. This strategy uses a combination of 2 open-source public indicators: Inside Bar Ind/Alert by CMA EMA (built-in) Trading Rules 4 hour candles Stop Loss at EMA Line with TP Target 1.5x the risk Long Entry when these conditions are true inside bar and bullish Bar close's above 50 ema Price action rises above high of inside bar . Short Entry when these conditions are true inside bar and bearish Bar close below 50 ema Price action falls below low of inside bar

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Strategy Myth-Busting #8 - TrendSurfers+TrendOsc - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our 8th one is an automated version of the " 653% Gain Magical 1 Minute Scalping Strategy Tested 100 Times | Become Consistently Huge Profit " strategy from " Fxaccurate US " who claims to have achieved 653% profit scalping GOLD on the 5 minute timeframe. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on any timeframe or symbol. Myth 10000% busted. If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me. This strategy uses a combination of 2 open-source public indicators: Trend Surfers - Premium Breakout + Alerts by TrendSurfersSignals Mawreez' Trend Oscillator Indicator by Mawreez Trading Rules: 1 min - 15 min candles Stop loss middle between high and low Risk 1:2 Long Condition Trend Surfers Trailing stop line goes below (Crosses) lowest low Bullish Candle (red) Mawreeze Trend Oscilator Indicator is green Short Condition Trend Surfers Trailing stop line goes above (Crosses) highest high Bearish Candle (red) Mawreeze Trend Oscilator Indicator is red

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Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our sixth one we are automating is " I Tested ''7% Profit Per Day" Scalping Strategy 100 Times ( Unexpected Results ) " from " TradeIQ " which claims to have made 175% profit on the 5 min chart of BTCUSD with a having a 61% win rate in just 32 days. Originally, we mimicked verbatim the indicators and settings TradeIQ was using however weren't getting promising results anything close to the claim so we decided to try and improve on it. We changed the static Parabolic SAR to be adaptive based upon the timeframe. We did this by using an adjustable multiplier for the PSAR Max. Also, In TradeIQ's revised version he substituted Hawkeye's Volume Indicator in lieu of Squeeze Momentum. We found that including both indicators we were getting better results so included them both. Feel free to experiment more. Would love to see how this could be improved on. This strategy uses a combination of 4 open-source public indicators: Parabolic Sar (built in) 10 in 1 MA's by hiimannshu Squeeze Momentum by lazybear HawkEYE Volume Indicator by lazybear Trading Rules 5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well. Long Entry: Parabolic Sar shifts below price at last dot above and then previous bar needs to breach above that. Price action has to be below both MA's and 50MA needs to be above 200MA Squeeze Momentum needsd to be in green or close to going green HawkEYE Volume Indicator needs to be show a green bar on the histagram Short Entry: Parabolic Sar shifts above price at last dot below and then previous bar needs to breach below that. Price action needs to be above both MA's and 50MA needs to be below 200MA Squeeze Momentum needsd to be in red or close to going red HawkEYE Volume Indicator needs to be show a red bar on the histagram If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.

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