Ready Set Crypto Trend Trading Back-testing Strategy v1.0
This is a backtesting strategy for those who are familiar with Doc Severson's (Ready Set Crypto) Trend Trading Class offered at Ready Set Crypto. It is published with permission.
I highly recommend that you attend the class to understand this strategy and use this to your advantage. There is way more than just some indicators to utilise this trading strategy successfully.
Please also see the matching indicator for this strategy: Ready Set Crypto Trend Trading Indicator.
Buy and Sell Calls are based on the following:
How to do back-testing with this:
Once you add this strategy to your chart, go to the "Strategy Tester" section at the bottom of the screen to see it's performance.
You will need to configure the strategy (just like you'd configure any indicator) to tailor it to your specific scenarios.
Note following:
The default settings are as follows:
Look under the "Strategy Tester" pane for the back-testing overview, performance and list of trades. Or if you are looking at the Published Idea, the back-testing results are displayed at the bottom of the page.
Please like, Share and Comment, if you like this indicator.
Warning
The Buy and Sell calls are meaningless and must not be auctioned without a thorough understanding of this trading strategy and the full consideration of the entry and exit conditions.
Please use this indicator at your own risk. The publisher does not accept any responsibility for its performance or any implications.
This is a backtesting strategy for those who are familiar with Doc Severson's (Ready Set Crypto) Trend Trading Class offered at Ready Set Crypto. It is published with permission.
I highly recommend that you attend the class to understand this strategy and use this to your advantage. There is way more than just some indicators to utilise this trading strategy successfully.
Please also see the matching indicator for this strategy: Ready Set Crypto Trend Trading Indicator.
Buy and Sell Calls are based on the following:
- An Upper Donchian Channel of 20 days (default) or more, used to indicate buy signals
- A Lower Donchian Channel of 10 days (default) or more, used to indicate exit signals
- A 50 day Simple Moving Average (for entry filtering)
- A 200 day Simple Moving Average (for entry filtering)
How to do back-testing with this:
Once you add this strategy to your chart, go to the "Strategy Tester" section at the bottom of the screen to see it's performance.
You will need to configure the strategy (just like you'd configure any indicator) to tailor it to your specific scenarios.
Note following:
- TradingView does not support BTC, ETH, etc as currencies, so BTC and other trading pairs are not available for back-testing; You will have to use USD pairs
- The backtesting will apply to your chart's time frame (candle times) - use daily time candles as the starting point
- You will need to tailor the "Input" and "Properties" options (click on the little gear icon) to adjust to suit your needs/scenarios
The default settings are as follows:
- Backtest the current chart/ticker for the period of 2016 to 2020,
- With a single position of US$1000 and a 0.1% commission (no pyramiding, i.e. multiple buy entries),
- By entering a single position (buy) when the price is above SMA 50 and 200 and a candle high touches DC 20,
- And exiting the position when a candle low touches DC 10.
Look under the "Strategy Tester" pane for the back-testing overview, performance and list of trades. Or if you are looking at the Published Idea, the back-testing results are displayed at the bottom of the page.
Please like, Share and Comment, if you like this indicator.
Warning
The Buy and Sell calls are meaningless and must not be auctioned without a thorough understanding of this trading strategy and the full consideration of the entry and exit conditions.
Please use this indicator at your own risk. The publisher does not accept any responsibility for its performance or any implications.
