The TBO Backtesting Strategy is the TBO Indicator equivalent but gives you the ability to backtest data on different charts.
How Does This Work?
You will initially see the original settings for the TBO, those are unchanged and will feel familiar. Below that is where the backtesting options come into play.
There are two sections: BUY & SELL
BUY
Checking a buy option means you are now including that buy trigger as an additional BUY signal. If you have LONG checked, then only the TBO LONG signal will be sent to open a buy order. Likewise, if you have LONG and CLOSE SHORT checked, both of those will be sending buy orders in the backtest.
SELL
The SELL section offers the ability to toggle sell orders. Additionally, you are able to specify what KIND of relationship it has with the buy orders. By default, each sell order has a direct relationship to its counterpart buy signal:
Example 1: BUY: LONG Signal SELL: SHORT Signal || Mapping: "Long" || Result: Will close LONG orders
Example 2: BUY: CLOSE SHORT Signal SELL: TBO SELL Signal || Mapping: "CLOSE SHORT" || Result: Will close CLOSE SHORT orders
Example 3: BUY: LONG Signal BUY: CLOSE SHORT Signal SELL: TBO Sell || Mapping: "Long" || Result: Will close LONG orders SELL: SHORT Signal || Mapping: "All" || Result: Will close ALL orders
Example 4: BUY: LONG Signal BUY: CLOSE SHORT Signal SELL: SHORT Signal || Mapping: "LONG" || Result: Will close LONG orders SELL: TBO Sell || Mapping: "CLOSE SHORT" || Result: Will close CLOSE SHORT orders
Hopefully, you get the idea buy now. You can map the closing orders to different buy orders to find the best types of entry and exit points.
Please note this is invite-only and requires an active Poobah Crypto Services subscription. If you are interested in using the strategy or TBO Indicator please visit the website in my signature below. Thanks!
Informacje o Wersji
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Added Short Logic
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Some closing orders were clashing with both LONG & SHORT directional trades. Update now fixes this issue.
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Minor backend update.
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Changed default initial account value to 500 and order size to 100 to reflect a $500 account with a $100 order size. Comments have been added to orders to help improve order identity.
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Added lookback window.
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Made different input sections easier to see.
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Changed the Green X and Red X names to Cross Up and Cross Down to match TBO Indicator names.
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Added quick Scalping section & Hide TBO option.
No support via Tradingview chat.
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Roll back.
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Added stop loss and take profit options.
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Added order size for leverage positions. Example - I am using 10x leverage on a normal order size of 100. I change my order size in Tradingview to 1000. Also change the order size in settings to match for accurate TP and SL calculations.
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Updated TP and SL to be more accurate at the expense of Order names.
Increased backtesting window data to 2000 from 2017.
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Added DHP volume scalping option:
This idea was generated by our very own Dradian. Hats off to him.
2 Modes:
Static: Choose your volume
Multiple: Set your volume Moving Average and your multiple factor - aka 20 MA x 3.
NO SUPPORT VIA TRADINGVIEW
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Minor Updates
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Minor updates to DHP.
NO SUPPORT VIA TRADINGVIEW.
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-Updated the naming convention to make it easier to read corresponding labels. -Added Unicode text to help simplify labels -Changed Breakdown shape to a circle -Removed Calculate on Fill and every Tick by default
No support via Tradingview chat
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Removed Short S/R
Added RSI filter for Open Long/Short
Added Take Profit % Long/Short
Added Take Profit % Long/Short alerts
Minor internal changes
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Cosmetic update to include Tradingview's new grouping settings.
Changed the StopLoss % to now have separated %s for Long/Short
No support via Tradingview chat
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New Alerts for the TBO Strategy Backtester
Up to 8 conditions per alert
3Commas friendly syntax
Auto switch for Open Long / Open Short for 3Commas
DHP can now be used as open conditions
New Lite mode helps improve performance by limiting plot history
Update Video / Please watch for guidance on how to implement the alerts: youtu.be/absuaVMcIVU
Just as a friendly reminder, we don't provide trading advice, help with trading strategies or provide assistance with automation of the TBO. These things are left to the user. Thank you
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Minor Bug fix:
If you intend on using the TP or SL options, please make sure to turn on "Recalculate: After Order is Filled" to help reduce wandering %
This update will change how the entry orders look. Before they would show at the close of the bar, however now they will show on the open of the next bar (which is the same as close of the bar most of the time unless there is really low volume, but either way it performs the same as the time between the close of the bar and the open of the next bar is almost instant). The alerts still fire at the same time, it's simply a visual difference.
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Minor Update:
Fixed a reported bug where TP/SL was affecting the opposite position side: ie SL Short was affecting the long position. This should now be fixed
Hi Drungle,
Thanks for the amazing indcators. We are currently doing Better Traders Mastering Passive income. So far not able to get access to TBO backtesting stratergy it is still locked. Not sure what email to contact you on or if you can provide invite for this here? Cheers mate have a good 2021!
fipikcom
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Hi Can I get trial access please?
sjegge
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Hi Drungle, Im a paid TBO user can i get an access for this indicator ?
gahelodk
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Can you please enable this tool for me, Enrolled in the better trader course and paid for the pcs would love to get acces to this script. thank you in advance.
uhjg809
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Hi, Can I please access to the tool?
mrdmx1024
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I would like to purchase a subscription. How do I go about unlocking this indicator?
michaelsabaria
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can i have a trial please
Ozwanwinkle
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Can you please enable this for me.. I recently subscribed. Thanks