TradingView Strategy - need help | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Help with converting a script from pine script(TradingView) 0 replies

Back Testing Tradingview Help 0 replies

MACD_Colored Indicator for 4 Hour Strategy (300+ Pips per Month) 157 replies

Need help with 10M chart - got it already but need some help! 1 reply

Help: Need code to increase lot size per $1000 increase in account 4 replies

Attachments: TradingView Strategy - need help
Exit Attachments

TradingView Strategy - need help

  • #1
  • First Post: Sep 5, 2022 10:42pm Sep 5, 2022 10:42pm
I had developed a pine script strategy for currencies, stocks and indices.. works good on almost most of them(various instruments and timeframes).
I am thinking about upgrading my account to premium to forward test. but bit confused how my script will work once go live...(need to deposit in broker and fee for tradingview)

will there be difference between backtesting and forward testing.. will it worth my time and money..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 175 KB
Click to Enlarge Name: screenshot.png Size: 161 KB
Click to Enlarge Name: screenshot.png Size: 178 KB
Click to Enlarge Name: screenshot.png Size: 163 KB
Click to Enlarge Name: screenshot.png Size: 168 KB
Click to Enlarge Name: screenshot.png Size: 168 KB
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #2
  • Sep 5, 2022 11:44pm Sep 5, 2022 11:44pm
If I am not wrong, TradingView's PineScript doesn't take into account the spread, and also, the movement of the candlestick.

Example is, if the candlestick is Bullish when close, it would take it as that it was *ALWAYS* Bullish, it wouldn't take into account that price could have fallen to the Low Price of the candlestick before moving back up, so, in reality, you might have already gotten stopped out, but the PineScript doesn't take that into account.

I did meddle with PineScript previously, but the thing about PineScript is that, you have to use external API to make it work, and only works on some brokers. You can't automate the strategy through TradingView.
Hi bye mai hai
  • #3
  • Sep 5, 2022 11:51pm Sep 5, 2022 11:51pm
Quoting DuckHunter
If I am not wrong, TradingView's PineScript doesn't take into account the spread, and also, the movement of the candlestick. Example is, if the candlestick is Bullish when close, it would take it as that it was *ALWAYS* Bullish, it wouldn't take into account that price could have fallen to the Low Price of the candlestick before moving back up, so, in reality, you might have already gotten stopped out, but the PineScript doesn't take that into account. I did meddle with PineScript previously, but the thing about PineScript is that, you have to use...
ok thanks.. yes i know about spread and commisions..so i covered it... only problem is price movement like you mentioned... in currency market its not much of an issue ..problem is with stocks have gaps which will mess up my strategy..so as of now going to focus on currency only
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #4
  • Sep 6, 2022 12:30am Sep 6, 2022 12:30am
Quoting vijiragavan
I had developed a pine script strategy for currencies, stocks and indices.. works good on almost most of them(various instruments and timeframes). I am thinking about upgrading my account to premium to forward test. but bit confused how my script will work once go live...(need to deposit in broker and fee for tradingview) will there be difference between backtesting and forward testing.. will it worth my time and money.. {image} {image} {image} {image} {image} {image}

The difference between test and live that when you test you don't influence the market. In real trading even your 0.01 lot size can change the direction hard.
In this case your strategy will work pretty good on high volume assets. More volume less influence for market.

Quoting DuckHunter
If I am not wrong, TradingView's PineScript doesn't take into account the spread, and also, the movement of the candlestick.
When you are testing your strategy with tradingview you can code the spread, swaps, fees and so on. And it will take this into account.
Observer effect
  • #5
  • Sep 6, 2022 2:08am Sep 6, 2022 2:08am
Quoting ryuryu
{quote} The difference between test and live that when you test you don't influence the market. In real trading even your 0.01 lot size can change the direction hard. In this case your strategy will work pretty good on high volume assets. More volume less influence for market. {quote} When you are testing your strategy with tradingview you can code the spread, swaps, fees and so on. And it will take this into account.
ok thanks... now forward testing it.. will see for one week or month then will go live
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #6
  • Sep 6, 2022 5:37am Sep 6, 2022 5:37am
Quoting vijiragavan
{quote} ok thanks... now forward testing it.. will see for one week or month then will go live
if you can share the script I can help with automating and testing as well .
  • #7
  • Sep 6, 2022 7:50am Sep 6, 2022 7:50am
can you make into mt4 strategy
  • #8
  • Sep 10, 2022 6:35am Sep 10, 2022 6:35am
Quoting aumelvik
{quote} if you can share the script I can help with automating and testing as well .
hi can you pm me or msg in telegram
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #9
  • Sep 20, 2022 4:11am Sep 20, 2022 4:11am
On the MT4, you can code any trading strategy regardless of its complexity thought it will encompass various setups as related to indicators, price actions, candlestick patterns, visual manipulation of MT4 objects, e.g. trading based on trendlines, arrows, fibos and more.
  • #10
  • Last Post: Sep 20, 2022 6:02am Sep 20, 2022 6:02am
Can you help me to convert tradingview to mt4 indicator, i have 2 tradingview indicator which i want to convert to mt4 can you help me out pls
0 traders viewing now