Are there any tips or tricks for conducting a successful backtest on tradingview with digital currencies?

3 answers

• Dec 17, 2021 · 3 years ago
  When conducting a backtest on TradingView with digital currencies, it's important to first define your trading strategy and set clear objectives. This will help you determine the parameters and indicators to use in your backtest. Additionally, make sure to select a suitable time period for your backtest, taking into consideration the historical data available for the digital currency you're interested in. It's also a good idea to backtest multiple variations of your strategy to see which one performs the best. Finally, don't forget to analyze the results of your backtest and make any necessary adjustments to improve your strategy.
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• Dec 17, 2021 · 3 years ago
  Backtesting digital currencies on TradingView can be a valuable tool for traders looking to refine their strategies. One tip is to use a combination of technical indicators and price patterns to identify potential entry and exit points. Additionally, consider incorporating risk management techniques into your backtest, such as setting stop-loss orders and taking profit targets. It's also important to keep in mind that backtesting is not a guarantee of future performance, so always use your own judgment and consider other factors when making trading decisions.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we recommend traders to conduct backtests on TradingView with digital currencies to evaluate the performance of their strategies. It's crucial to use accurate historical data and select appropriate timeframes for your backtest. Additionally, consider adjusting your strategy parameters and indicators to optimize your results. Keep in mind that backtesting is just one tool in your trading arsenal, and it's important to combine it with other forms of analysis and risk management techniques to make informed trading decisions.
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