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In this tutorial, I will use the backstating function in the trading view, based on my personal experience and provide you with the benefits and downward direction of this platform.

This powerful tool allows traders to test the effects of any trade strategy, whether they have created themselves, or created by a member of the trading view community.

Key path

• The trading view of the Trading View allows traders to test the extensive selection of trading strategies in a huge reservoir of trading markets worldwide.
• The platform offers the ability to make yourself, along with a number of strategies created by members of the community.
• Although the trading view may have limits to the backstating platform, there are also solutions.

Benefits of Trading Wave Back Stating

Some of the benefits of using the Back Stating Platform of Trading Wave Here are:

• Fasten results: The bakesting system is fast, and you can see the results right now. This allows you to quickly repeat and adjust your strategy accordingly.
• Community Scripts: You can use other traders’ strategies that are available in society. This saves time and effort to develop your own strategy.
• Historical figures: Trading is a Deep bactering A feature that provides you with all the historical data you need to bake a complete.
• Easy to use: The bakesting function is simple, no complex setup is required.
• Access tons around the world: Trading View provides traders with widespread access to markets from around the world. It can be the largest storage of publicly available data feeds in the world.
• Based on the browser: Available on almost any operating system.
• Make your strategy: Make your strategies quickly and examine your strategies through a pine script.

Now that you know a little about the platform, here’s how to start using it.

How to access the Strategy Tester on Trading View

First make sure you are logged into a paid account.

FIRST FIRST Accessing Bakesting Function, Click on First Strategy tester Tabs at the bottom of the screen.

From there, click on Load your strategy Button

This may either be a strategy you have created or a member of a community developed within the trade view.

To find a strategy, search by name or browse through the community script available.

Make sure the menu on the left side of the window to see other types of strategies.

Select Private To see the strategy you have developed.

Yes, there is a ton of strategy available and it can be a bit overwhelmed.

So start with something you understand and examine all strategies related to it.

For example, when I look for a Bowling band trading strategy, what comes here.

The number on the right side of each strategy indicates the number of people who are currently using.

Generally, the most popular is the top.

But not always.

So scroll through strategies to see them all.

Once I click on a strategy, the trading view will add it to its chart, run the current market/time frame and give me the results.

You can look at its business and get the performance summary report below the chart.

Very smart!

How to drive Backst on other markets and timeframes

Once you choose a strategy to bake, it is very easy to run a test on any market and trading view on the timeframe available.

To run the test on another timeframe, click on one of the timeframes available in the upper part of the existing chart.

You can even set your custom timeframe by clicking on the arrow below and selecting “Add Customs Patient”.

The results of the back test on this timeframe will appear on the bottom of your screen, just as with the first bacquest.

You will see the results almost immediately, which will make it a very effective way.

To test the strategy on other markets, click on the watch list icon in the upper right corner, then click on the market in which you want to be behind.

You can also click on the current market tuck in the upper left corner of the screen and find a new market to test.

Once again, as soon as you choose the market, you will see backstating results in the panel below.

Remove the trading strategy

To remove the strategy from your chart, click on it Object tree Icon to the right of the screen, then click on it Delete Icon ahead of the trade strategy.

Once you delete a strategy, you can do new, or go back to using the trading view as a charting platform only.

Evaluating the results of the bakesting

Now it is important to talk about what the “good” is the result.

Many new traders believe that they need to get a great result in the first effort, or Backst is a failure.

It’s not how it works.

In fact, it is better to find these strategies that are Capability.

So there are some things to find out:

• The strategy is close to the brakes: the strategy can be improved
• There are many major winners, who gradually remove from small losers: the number of losers can be reduced as possible
• On the contrary, there are permanent small winners, but some big losers: losing trade size can be reduced
• Strategies that perform well in some markets but not to others: just trade in the markets where it performs well

But this is just the tip of the iceberg.

To get a full guide to deciding and improving the results of backstating, read my article on good bactering results.

To select the trade strategy in a smart way

When it comes to choosing strategies to test, there are two ways to go.

First, you can browse the available strategies you can use for free, as I have stated above.

Sort the strategy through popularity and surpass everyone.

If you do not know where to start, this is a decent way.

But you will soon know that most of the free strategy does not work.

Yes, you usually get what you pay.

And there are a lot of strategies that it will take to test them all forever.

So once you get tired of looking for random ass strategies, it’s time to be more smart.

One better way to approach this process is to start asking yourself what kind of strategy you are looking for:

• Do you prefer the trend strategy?
• Do you want to trade RSI strategy?
• Do you want to trade in the day?

Then take a look at all strategies that you have in the category you have chosen.

Find keywords related to your strategy type you want to find.

Back to them and see how they perform.

Once again, the possibilities are very good that they will not work.

But they probably.

The worst situation, they will provide you with a good start and ideology for your strategy.

This is a great benefit to the trading view community.

How to make your strategy

Since there are many trading strategies free and open source on the trading view, you can use them to help make your strategy quick.

First find a free strategy you want to build.

Then click it and create your Pine Script project Pine Editor Tabs at the bottom of the screen.

Copy and paste the current strategy in the pine script tab and start adjusting.

Save the strategy, then run the bacter.

Yes, you need to learn pine script.

But most programming lessons can be very boring.

When you know what you want and you have an early template to get there, learning gets a lot of fun and you will usually see the results faster.

Pay attention to the parts of the current script you want to change and go there.

To sign up for trading view, go here.

Historical data availability reservations

When using a backstating function in the trading view, it is important to understand how much historical data is being tested in each test.

The availability of data will be different in terms of market and timeframe.

Daily, weekly and monthly charts, such as high time frame chart, usually have enough data to test the correct test.

But on low -time frames, such as a 4 -hour chart and below, historical figures are very limited.

You can only have access to the data of two or three years, which is never enough to bake a full.

Read more about how much trade you need to trust in trade strategy.

If you need to set the entire data for a particular market, you will need to subscribe to the Lord Deep bactering The feature, which is only available on advanced payment projects.

This is a major negative aspect of the platform.

If you do not want to pay high trading views monthly fees, there are other solutions such as bare markets, which usually provide more historical data than trading views and free released data updates for one -time investment.

Limits and downward side

The limits of the trading view to be aware of this are:

• The bakesting function is only available on trading view paid projects.
• The trading view lacks considerable historical trading data on lower -level projects. It can have enough data on high -time frames, such as the Daily Chart. When you go towards less timeframes like 4 hours or 1 hour chart, you can only get two or three years of data, which is not enough. You have to pay a higher price Deep bactering To get more comprehensive data.
• There is no way to upload your own historical data.
• You can back only one market, strategy and timeframe at a time. There is no way to back down many variables at the same time.
• No offline testing.
• Reporting matrix is ​​decent, but still limited. I would like to see more detailed bacterial figures.
• Although the backstating function of the trading view is useful, it is not a direct trade alternative. You should still be careful and not just rely on the results of the bactering. Ensure forward testing before taking the risk of real money on a strategy.

Although the trading view has its limits and costs in the backstating function, it can be a valuable source for quick testing of trade strategies.

Conclusion

Based on my experience with a backstating function in the trading view, this is not for everyone.

If you can do 2 work it only really means:

1. Code in pine script
2. Subscribe to a paid project that is Deep bactering Capability

One of the major benefits of the bactering feature is that you can examine the community -born trade strategies and scripts.

Unfortunately, most of them are useless. This is no different from any other platform.

But they can be a wonderful point to give you your strategy Ideas Idea.

If you want to be left behind, there is also a repeated replay function in the trading view that will eliminate the need to learn the pine script.

So at the end of the day, baking in the trading view may be meaningful for some traders, but it is not for everyone.

He said, I feel firmly that is trading wow Best Charting Platform Available and I highly recommend it.