Trend Reversal Alerts Strategy in Depth

Sep 22, 2018

This idea based on one of the simplest trading strategies in the world Trend-Reversal-Alerts-Strategy[Advanced] that I shared recently. Now I want to spread few words about how you should make it perform better with help of buy and sell resistance and I will show you the exact methods.

But first, if you still not sure how this strategy tester is actually work you should definitely read this:

TradingView Blog:
EN/new-features-improvements-strategy-backtesting
RU/new-features-improvements-strategy-backtesting

Also I want to recommend an article that I googled. It examine in depth and gives a perfomance summary on every single subject:
tradingview-strategy-tester-performance-summary

According to Buy/Sell Resistance. When new candle created with assigned Open value, Resistance = 0. In the second Close start moving it changes so called Resistance of that candle. It could be negative or positive. So by setting resistance you can tell this script to enter/close your trades only when Buy/Sell Resistance values are greater or equal than your settings values.

* You should tweak it only after all strategy tester options are ready. Very important!

I do it in a simple way : open settings -> Buy Resistance = 1 -> Sell Resistance = -1 -> then

if nothing change -> Buy Resistance = 1.5 -> Sell Resistance = -1.5; otherwise -> Buy Resistance = 0.5 -> Sell Resistance = -0.5

and so on...

* This is very important to do to eliminate in the future "resitance issues" - when you can't enter/close trades because of your resistance settings.

That is all for now.
Take care and bye bye!