TradeChartist PowerTracer Pro Backtester
PowerTracer Backtester includes the following options in the settings.
- PowerTracer setting - Power Plot Type - (PowerTracer, Bar-wise Power Holder)
- PowerTracer setting - Timeframe Multiplier
- PowerTracer setting - Smoothing Factor
- Backtester setting - Trade Direction - (Both Longs and Shorts, Only Longs, Only Shorts)
- Backtester setting - SL Type (Fixed Stop Loss, Trailing Stop Loss)
- Backtester setting - Reference for Trailing SL (Close, High/Low)
- Backtester setting - Stop Loss %
- Backtester setting - Take Profit %
- Backtester setting - Quantity to trade at TP %
Using combinations of the settings, the user can find optimal settings for the asset to deliver lucrative entry and exit signals with high ROI and minimal Drawdown which can then be used on PowerTracer Pro and PowerTrader Pro to plot signals and create alerts to start trading in real-time.
Example charts:
- GBP-USD 1hr chart - (2,1,Trailing SL, close, 1,1,25)
- BTC-USDT 15m chart - (4,5, Trailing SL, high/low, 3.9,1.2,15)
- SPX 1hr chart - (1,3, Trailing SL, high/low, 3, 2, 50)
This backtester needs the following scripts to generate signals and plots on main price chart and for real-time alerts
™TradeChartist PowerTracer Pro
™TradeChartist PowerTrader Pro
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
- Trial access offered on all Premium scripts.
- PM me directly to request trial access to the scripts or for more information.
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Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TradeChartist directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TradeChartist directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Telegram - @Trade_Chartist
Free Scripts - bit.ly/Free-Scripts