What Makes a Really Good TradingView Strategy? Max Drawdown, Profit Factor, Win Rate, ...

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  • Опубликовано: 23 дек 2024

Комментарии • 49

  • @taranehrohani
    @taranehrohani 10 дней назад +2

    Great teachers don’t just share knowledge; They inspire confidence and make the complex feel simple. Michael exemplifies this perfectly. Thank you, Michael!

  • @joshhiggins3566
    @joshhiggins3566 Месяц назад +5

    great info once again love the knowledge gained in your group keep it up! your changing peoples lives gotta love it.!!

    • @michaelionita
      @michaelionita  Месяц назад

      I appreciate that! Happy you like it 🙏

  • @MickeyM-w8t
    @MickeyM-w8t Месяц назад +2

    MIchael smashes it again ! Great video

    • @michaelionita
      @michaelionita  Месяц назад

      Thank you so much 🙏🏼
      If this knowledge helps you, I'm happy.

  • @FranZzz-Z
    @FranZzz-Z Месяц назад

    I just discovered your channel and, even for a noob, it's very clear and interesting. I suppose that the strategy your're comparing the others to is secret or is it explained in a video that I missed ?
    Thank you for your work.
    Edit: my bad, I found your website, I understand why it's in limited acces :)

  • @mrharveyspencer795
    @mrharveyspencer795 28 дней назад

    I wanted to express my heartfelt thanks for your generosity in helping others navigate the world of trading. Your insights have been incredibly valuable to me.

  • @Joinswarm
    @Joinswarm Месяц назад +2

    Expectancy is all that counts

  • @eupasswood1402
    @eupasswood1402 Месяц назад

    It is also very important on which timeframe you run the various strategies! You may also need to compare BTC, SOL, ETH ....Meme coins on different timeframes (1h, 4h D or also by more noisy timeframes like, 30min, or 15min! Just saying!

    • @michaelionita
      @michaelionita  Месяц назад

      Yes very good point this :)
      I run my strategies on the 1D chart (because I don't trade memes).
      If you trade memes, then yes, lower timeframes might be better.

  • @sambitbehera5040
    @sambitbehera5040 Месяц назад +1

    Hey, can u share all strategy 's pine editor code.. specially your strategy

  • @benabraham2581
    @benabraham2581 23 дня назад

    Is there someway to make the strats you're scripting in Pine to apply regardless of time frame? I notice that when you change timeframes the profitability goes out the window. Also applying the same Demo GPT from the last video to ETH produces a loss

  • @mcgregork4983
    @mcgregork4983 Месяц назад +3

    Could you add link to Demo GPT Gaussian Channel Strategy code please - I don't have an access to o1 - preview model in Chat GPT. The basic mode produces error after error. thanks!

    • @BrawlerTM
      @BrawlerTM Месяц назад

      @@mcgregork4983 it’s worth getting ChatGPT plus 😉

    • @michaelionita
      @michaelionita  Месяц назад +3

      Yeah, only the o1-preview can truly help you code strategies.
      Check this video if you haven't yet: ruclips.net/video/BgZg3eqJeVE/видео.html
      I did not share the code for the "Demo GPT Gaussian Channel Strategy" because in that video I share how to create it.
      My goal is to teach people how they can do it themselves.
      Sharing the final result, does not result in people learning - no shortcuts - it's better this way.

  • @tobiasbecker9814
    @tobiasbecker9814 23 дня назад

    Can you share or show the Gaussian Channel Strategy?

  • @WeirdoRocks
    @WeirdoRocks Месяц назад +2

    great insights

  • @tehno220
    @tehno220 Месяц назад +2

    How do I write a strategy so that it opens trades at the moment the signal appears, and not when the candle closes?

    • @michaelionita
      @michaelionita  Месяц назад +2

      That is possible when using strategy.entry() with a limit order (one of the parameters).
      You give it a price and it triggers at that price (intra candle - aka. even before it closes).
      You can also ask ChatGPT o1-preview (I show how to use it here: ruclips.net/video/BgZg3eqJeVE/видео.html) to give you the code for that :)

    • @dynamicdavid
      @dynamicdavid Месяц назад

      SEE PRIOR VIDEOS!

    • @dynamicdavid
      @dynamicdavid Месяц назад

      @@michaelionitaRESPECT Sir!

    • @tehno220
      @tehno220 Месяц назад

      @@michaelionita Thank you)

    • @tehno220
      @tehno220 Месяц назад

      I made the opening and closing with a limit order, but everything is exactly the deal opens at the close of the candle. Stop and take work exactly. Maybe it's because I'm using a free plan?

  • @hygieia8149
    @hygieia8149 Месяц назад

    Can you share Bot 2.5 fast strategy?

  • @ferg
    @ferg Месяц назад +2

    Do you ever run your analysis where the market breaks even over a period of time?

    • @michaelionita
      @michaelionita  Месяц назад +1

      You mean ranging markets?
      This is a trend following strategy.
      As long as there are trends (up or down) it works.
      If the price is sideways forever, it does not work - no strategy works in such environments.

    • @ferg
      @ferg Месяц назад

      @@michaelionita Yeah a ranging market. I'm quite ignorant to trading, but buy high sell low works in all conditions (this is with perfect knowledge of future or where the market will go).
      So is all of this based of assuming crypto will just go higher?

    • @michaelionita
      @michaelionita  Месяц назад

      @@ferg You mean buy LOW and sell HIGH right? ;)
      If markets don't go up over time, nobody makes money.
      That is a prerequisite for all markets.
      If a market/asset goes down only, there are not many opportunities to make money. It can only go to 0 and that's it, it's over.
      But if an asset goes up over time, then there are infinite opportunities over time. There is no price limit to the upside.
      Makes sense?

    • @ferg
      @ferg Месяц назад

      @@michaelionita haha yeah of course buy LOW .. sell HIGH :)
      In the first scenario .. surely the person with perfect knowledge (the ideal algo we all want) will make money. It will know when the dips and peaks and will buy/sell accordingly.
      Am I missing something?
      If an asset only goes down, you can short it before zero before the market is dead.

  • @Ramesh151
    @Ramesh151 17 дней назад

    Last thing is
    test strategy n different instruments symbols
    FIND A GENERAL PURPOSE STRATEGY.

  • @bennysarusy
    @bennysarusy Месяц назад

    I copy the code but it doesn't show like yours what the problem could be 1m chart

    • @michaelionita
      @michaelionita  Месяц назад

      1m chart is not very useful :)
      Try 1D.

  • @timeal2244
    @timeal2244 Месяц назад

    Does this strategy work on forex? I am trying it with Gold now to see it profitability

    • @michaelionita
      @michaelionita  Месяц назад

      I'm focused on crypto so I tested it only there.

    • @simornmay8618
      @simornmay8618 13 дней назад

      Hello Sir, i want to try it with Gold also but don't know where to start

    • @timeal2244
      @timeal2244 13 дней назад

      @simornmay8618 It doesn't work well in Gold. It is breaking even. But works very well with crypto. It must be a trending market

  • @FrankCortez-u7f
    @FrankCortez-u7f Месяц назад +4

    Sometimes it's difficult to make it in trading even with good tutorials as this many will struggle to make it.. not easy as it seems. I remember when I just got into crypto& stocks back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 328k in a short period of time

    • @HowardMillerM
      @HowardMillerM Месяц назад

      Sound good, How do you do that?I'm interested, how do I go about getting started?

  • @griffz7712
    @griffz7712 Месяц назад

    Simple Maths!!!

    • @michaelionita
      @michaelionita  Месяц назад

      Yes its super simple.
      I mean... everyone can do it.

  • @THEHOAXHUNTER
    @THEHOAXHUNTER 3 дня назад

    how reliable tradingview bakctest strategies?

  • @Aquaponics-n9r
    @Aquaponics-n9r Месяц назад

    Big brother Michael. I went to telegram. What do i do now