one of the best way to test an strategy is using backtest feature in tradingview . first you need to code your strategy with Pinescript in Tradingview second you can see result in backtest section
We will mention some key points for making the best decision from a strategy backtest in TradingView. look at to bellow picture
You see an amazing result: 1.65% profit in just one week, with a max drawdown of only 0.17%, and 71.43% of positions hitting profit. But is this enough? Definitely not.
we tested this strategy in a free Tradingview account. free accounts will use just 5000 candle for backtesting let i show you results in a paid Tradingview account
as you see in a paid accout that analyse longer range our result is not good !
so always consider this key whenever you have an strategy or you want to buy an strategy
As you can see, with a paid account that analyzes a longer time range, our results are not as good!
So always keep this key point in mind whenever you have a strategy or are considering buying one you have to backtest it a long range
we will tell some other important keys in next articles