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TradeChartist PowerTracer Pro Backtester

™TradeChartist PowerTracer Pro Backtester is the strategy script for backtesting ™TradeChartist PowerTracer Pro for best performance settings which can then be used with ™TradeChartist PowerTrader Pro to plot Trades emulating the backtester and use Alerts (once per bar) on real time price chart.

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)


snapshot

  • BTC-USDT 15m chart - (4,5, Trailing SL, high/low, 3.9,1.2,15)


snapshot

  • SPX 1hr chart - (1,3, Trailing SL, high/low, 3, 2, 50)


snapshot



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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Release Notes
Code updated
TradeChartist
Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.

Telegram - @Trade_Chartist

Free Scripts - bit.ly/Free-Scripts
Also on:
backtesterCentered OscillatorspowersignalpowertracerpowertracerpropowertraderpowertrendsignalstakeprofittrailingstopTrend AnalysisVolatility

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact TradeChartist for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

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Want to use this script on a chart?

Warning: please read before requesting access.
TradeChartist
Get in touch with me if you would like access to my Premium scripts for a trial before deciding on lifetime access.

Telegram - @Trade_Chartist

Free Scripts - bit.ly/Free-Scripts
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.