"Keep it simple to wrap my dumb head around " I feel this! So much. I hate watching trading videos with 20 steps and 5 indicators. Lines and stuff everywhere. Its like cmon man
Can’t wait for your lessons,guides, ideas on Amibroker in the near future. A video on proper backtesting steps with best metrics to use for performance, walk-forward testing and Monte Carlo simulation would be really helpful.
Mattjew as usual this was another super lesson.. Every single lesson seems better than the last you have made me a better programmer for sure over this last year.. I cannot wait to get started on you Indicator cousre.. I am getting close to finishig the free course you have right now Thank you so much for the millions of hours you must have given us. Thank you so much.
Another great video with Great explanations. one doubt. Effectively, the buy price is the series of lower ATR levels of 2 ,3,4 etc till it executes. am I missing some thing? ( if we are keeping middle of the band as default).
Love your videos! When testing on trading view and I get the signals, in real time I wouldn't get the same entry right? As the candle needs to close first to give the signal?
Hey Matt. What is the backtesting software you are maximising and minimising in this video? I’m looking for a way to perform Monte Carlo analisis on my Pine Script strategies. Thanks. Theo.
Brother your video is awesome.. thanks for that.. brother can you please tell me...... is there any function or method that Pine script will load candlestick data that is only visible on the current screen ??? so that data calculation will be fast
In your opinion, Is amibroker one of the better ones for backtesting complex strategies? Specifically when it comes to applying a trailiing Stop on 45 minutes. Just curious if it's worth switching the code from pine to work in amibroker?
Amibroker is definitely a great option for backtesting complex strategies, but there's not a ton of info out there and guides on how to use it which means you'll need to read through a lot of the documentation to get the hang of coding scripts for it. It's powerful, but not very intuitive. I'd definitely recommend trying it out if you're looking to build complex systems, especially if you trade equities or some market where you can get a good third-party source of historical price data (I use Norgate Data with Amibroker because Norgate provides delisted stocks etc to eliminate survivorship bias and some other biases that can affect the accuracy of backtest results) I'll cover Amibroker stuff in the future but for now I'm still wrapping my own head around how it all works haha. Good luck with your strategy development!
Hey Ben! The mentorship process with Nick has been awesome, life-changing in terms of my trading. I thought I understood backtesting before I took his course but I really had only explored the tip of the iceberg. I'll be sharing my biggest epiphanies and things that I've adapted for my own trading in the videos to come As for Amibroker, it's obviously far more advanced than Pine Script - the charts themselves are clunky and very Meta-Trader-like and not a lot of fun to work with if you're a discretionary trader (unlike TradingView which is smooth, responsive, modern, sexy etc). But I don't do a lot of chart analysis on Amibroker, it's mostly just a platform for testing programmed systems so that's not a big deal for me. I use TradingView and Amibroker interchangeably especially during the design phase of system ideas. I'll often use TradingView to brainstorm ideas and write the rough draft for a system in terms of its rules & criteria, then once I find something that shows promise I'll take the time to code it out in AFL which takes a lot longer than Pine but offers really powerful backtesting abilities like testing across thousands of stocks in a matter of minutes and using portfolio construction instead of individual 1-by-1 testing like on TV. I really hope TradingView add portfolio testing in the near future, that will make it so much more powerful. It's great for forex and commodities but any market like crypto or stocks that have thousands of candidates it's definitely not ideal. Anyway I will be adding lessons/guides/ideas related to Amibroker in the near future, I still have a lot to learn about the language itself before I'd feel confident teaching subject matter on that platform but I'm getting there! Good luck with your own trading Ben :)
PS. If you're interested in the program, I think he is still running it but he told me he plans to retire from that side of things soon (not sure how soon) so spots might be limited or he might have someone else he trusts take over the program as I know he has a whole team involved. You can apply for the program here but it's not cheap, costs about 10k USD (worth every penny if you can spare it - best investment I've made since buying crypto in 2017 😂) - nickradge.com/mentor-course
@@TheArtOfTrading Thanks for the great reply. I guuess you are into walk forward testing and monte carlo simulation with amibroker. Its pretty quick from what I've seen. All the best
The entry point is great. thanks for sharing! However, I don't think we need the 200ema filter as we don't get much trades already and adding this filter will limit the number of trade too much compared to what it value it provided. Instead I would use the regime filters (noise, vol, trend). Also the risk management needs to be reviewed as exiting at the 200ema is too impredicatable. A classic risk-reward ratio using ATR or Standard dev would be more consistent I think. But that's just my humble opinion the best is to test by yourself as always
Wow, Pine Editor is finally playing with the big boys. Major improvement! Now if TV would just build a way for OVERLAYS TO BE BOTH TRUE AND FALSE IN THE SAME SCRIPT so you could have both EMAs and an oscillator panel in one code. That would be a game changer.
Hey Mat, on your FTB Strategy you calculated the Entry price, SL and TP but only for the Short. I've been trying to do the Long on but can't seem to get the SL and TP correct. Can you please share that piece of code or go over it in a video?
recently i have developed a strategy that gives an average 20% monthly return consistently for the past 3 years the thing is that it has 52% winnrate with 1:1 risk/reward so every 100 trades i have 4 trades that make the difference (5% per trade * 2 wins = 20%) but i have to use a limit order with it to decrease fees otherwise it becomes unprofitable i don't know whether i should use it or not because what if every 100 trades i get 4 trades or more not getting filled? then the monthly return gonna be 0% or drawdown, losers will always get filled of course while some winners might get missed. any advice?
I'm also dabbling with a barely profitable system like yours. I will not put any serious money on it. Look at profit factor metrics it capture the same thing what you've described. It will have (52/48) * . Try to get more than 1.5 or 2 better.
Would love to see a video showing how to filter by days of the week, especially on awkward charts like SPX where the there are only 5 days/bars and the day can often 'start' on the day before. Chart such as OANDA:SPX500USD. Thanks, keep up the great work.
Hi do you have an email contact. I wonder if I could send you a basic buy low of day sell high of day strategy idea that you might be interested to code into a script? It’s based on the weekly template and part of what Stacey Burke teaches on RUclips for free. However I’m taking the most basic of what he teaches for an end of day trade set up that I would love to code and get it tested out as a strategy on TV.
🚩 My Socials & More Free Content: theartoftrading.com
🚩 Source Code: courses.theartoftrading.com/pages/mean-reversion-strategy-in-pine-script
i have difficulty to log in ...in socials site ....nickname or my name don t work ,is it email and password? but now i need to wait ....lolll
Bro thanks for making these videos.I have found BBMA very interesting i think you should make a video of that it could be a very profitable system
I Love how you explain the general idea then you go and explain the Code in simple terms that everyone can understand , Appreciated
"Keep it simple to wrap my dumb head around "
I feel this! So much. I hate watching trading videos with 20 steps and 5 indicators. Lines and stuff everywhere. Its like cmon man
Can’t wait for your lessons,guides, ideas on Amibroker in the near future. A video on proper backtesting steps with best metrics to use for performance, walk-forward testing and Monte Carlo simulation would be really helpful.
Mattjew as usual this was another super lesson.. Every single lesson seems better than the last you have made me a better programmer for sure over this last year.. I cannot wait to get started on you Indicator cousre.. I am getting close to finishig the free course you have right now Thank you so much for the millions of hours you must have given us. Thank you so much.
Awesome idea and implementation. Keep it up! Greetings from South America.
thansk for the video, very cool...why don't you exit exactly when crossing the sma rather than on the opening of the next bar?
Another great video with Great explanations. one doubt. Effectively, the buy price is the series of lower ATR levels of 2 ,3,4 etc till it executes. am I missing some thing? ( if we are keeping middle of the band as default).
Love your videos! When testing on trading view and I get the signals, in real time I wouldn't get the same entry right? As the candle needs to close first to give the signal?
can you create support and resistance indicator
Is there anyway to backtest the strategy over alot of markets to see if the strategy is any good?
Hey...any reasons for choosing amibroker over Metatrader?
What version of Trading view is needed to create the code..Thank you
Hi great video. Question have you created a supply and demand indicator that highlights the levels on diff time frame. Thanks
Hey Matt. What is the backtesting software you are maximising and minimising in this video? I’m looking for a way to perform Monte Carlo analisis on my Pine Script strategies. Thanks. Theo.
Brother your video is awesome.. thanks for that.. brother can you please tell me...... is there any function or method that Pine script will load candlestick data that is only visible on the current screen ??? so that data calculation will be fast
Can you design a stock strategy that gives no more than 7 trades a day with a high win % rate and high profit factor? .....or is that too dificult?
how to convert your strategy into alert, so we can automate the trade as per the alert condition with webhook and JSON connecting to our broker
Hi, I would love to ask your help for instructions for coding Sonic R system which I think it is so good for forex Trading. Thanks
How do I run this strategy for just a specific period of time like 1/1/22 to 12/31/22?
Mate would you explain the monte carlo test?
Hi my pine editor doesn’t have option to open , add to chart , and save?? Plz help me
Are you using desktop or mobile app?
How do I work with more than 2 if statements?
Is there a way to use data from multiple symbols in your indicator/strategies? So for example combining the volume of BTC/USDT on binance and FTX?
I need some help with this code. I can't get it to execute on smaller time frames.
i have tried a few strategies, this is by far the best across time and stocks in the US market. Awsome job.
Thnx Matt 😀
Hello, is there a way to set the limit order and to cancel it when using 3 comma? Have a nice day. Thanks for the video, really appreciate your job👍
You can send a market or limit order to 3commas only when the limit order is actually filled in TV
I’m waiting for Amibroker lessons. Would be great with guidance like how to setup everything and programming , data sources etc.
In your opinion, Is amibroker one of the better ones for backtesting complex strategies? Specifically when it comes to applying a trailiing Stop on 45 minutes. Just curious if it's worth switching the code from pine to work in amibroker?
Amibroker is definitely a great option for backtesting complex strategies, but there's not a ton of info out there and guides on how to use it which means you'll need to read through a lot of the documentation to get the hang of coding scripts for it. It's powerful, but not very intuitive. I'd definitely recommend trying it out if you're looking to build complex systems, especially if you trade equities or some market where you can get a good third-party source of historical price data (I use Norgate Data with Amibroker because Norgate provides delisted stocks etc to eliminate survivorship bias and some other biases that can affect the accuracy of backtest results)
I'll cover Amibroker stuff in the future but for now I'm still wrapping my own head around how it all works haha. Good luck with your strategy development!
I'd love to know about the mentorship process with Nick and how you are getting in with Amibroker
Hey Ben! The mentorship process with Nick has been awesome, life-changing in terms of my trading. I thought I understood backtesting before I took his course but I really had only explored the tip of the iceberg. I'll be sharing my biggest epiphanies and things that I've adapted for my own trading in the videos to come
As for Amibroker, it's obviously far more advanced than Pine Script - the charts themselves are clunky and very Meta-Trader-like and not a lot of fun to work with if you're a discretionary trader (unlike TradingView which is smooth, responsive, modern, sexy etc). But I don't do a lot of chart analysis on Amibroker, it's mostly just a platform for testing programmed systems so that's not a big deal for me.
I use TradingView and Amibroker interchangeably especially during the design phase of system ideas. I'll often use TradingView to brainstorm ideas and write the rough draft for a system in terms of its rules & criteria, then once I find something that shows promise I'll take the time to code it out in AFL which takes a lot longer than Pine but offers really powerful backtesting abilities like testing across thousands of stocks in a matter of minutes and using portfolio construction instead of individual 1-by-1 testing like on TV.
I really hope TradingView add portfolio testing in the near future, that will make it so much more powerful. It's great for forex and commodities but any market like crypto or stocks that have thousands of candidates it's definitely not ideal. Anyway I will be adding lessons/guides/ideas related to Amibroker in the near future, I still have a lot to learn about the language itself before I'd feel confident teaching subject matter on that platform but I'm getting there! Good luck with your own trading Ben :)
PS. If you're interested in the program, I think he is still running it but he told me he plans to retire from that side of things soon (not sure how soon) so spots might be limited or he might have someone else he trusts take over the program as I know he has a whole team involved. You can apply for the program here but it's not cheap, costs about 10k USD (worth every penny if you can spare it - best investment I've made since buying crypto in 2017 😂) - nickradge.com/mentor-course
@@TheArtOfTrading Thanks for the great reply. I guuess you are into walk forward testing and monte carlo simulation with amibroker. Its pretty quick from what I've seen. All the best
var + ctrl + space = variance and varip only.
The entry point is great. thanks for sharing! However, I don't think we need the 200ema filter as we don't get much trades already and adding this filter will limit the number of trade too much compared to what it value it provided. Instead I would use the regime filters (noise, vol, trend). Also the risk management needs to be reviewed as exiting at the 200ema is too impredicatable. A classic risk-reward ratio using ATR or Standard dev would be more consistent I think. But that's just my humble opinion the best is to test by yourself as always
Wow, Pine Editor is finally playing with the big boys. Major improvement! Now if TV would just build a way for OVERLAYS TO BE BOTH TRUE AND FALSE IN THE SAME SCRIPT so you could have both EMAs and an oscillator panel in one code. That would be a game changer.
Can still perform EMA and oscillator calcs in one script at least and then display ema's in another
How do I join your discord channel?
Hey Mat, on your FTB Strategy you calculated the Entry price, SL and TP but only for the Short. I've been trying to do the Long on but can't seem to get the SL and TP correct. Can you please share that piece of code or go over it in a video?
FTB is a short only strategy, at the risk of sounding harsh.. maybe understand the idea behind the strategy first
recently i have developed a strategy that gives an average 20% monthly return consistently for the past 3 years
the thing is that it has 52% winnrate with 1:1 risk/reward so every 100 trades i have 4 trades that make the difference (5% per trade * 2 wins = 20%)
but i have to use a limit order with it to decrease fees otherwise it becomes unprofitable
i don't know whether i should use it or not because what if every 100 trades i get 4 trades or more not getting filled?
then the monthly return gonna be 0% or drawdown, losers will always get filled of course while some winners might get missed.
any advice?
I'm also dabbling with a barely profitable system like yours. I will not put any serious money on it. Look at profit factor metrics it capture the same thing what you've described. It will have (52/48) * . Try to get more than 1.5 or 2 better.
Hey Matt please check out some of Scott Welsh trading strategies on his channel ! Love to see you code
make you exit the cross down 9/ 18 ema you will get better exits and it will hold your runners
G'day
G'day mate!
Would love to see a video showing how to filter by days of the week, especially on awkward charts like SPX where the there are only 5 days/bars and the day can often 'start' on the day before. Chart such as OANDA:SPX500USD. Thanks, keep up the great work.
That's great, like your other content. Could we get the for AmiBroker to? Since I discovered AmiBroker, I only work with it ;) Best wishes, Michael
Hi do you have an email contact. I wonder if I could send you a basic buy low of day sell high of day strategy idea that you might be interested to code into a script? It’s based on the weekly template and part of what Stacey Burke teaches on RUclips for free. However I’m taking the most basic of what he teaches for an end of day trade set up that I would love to code and get it tested out as a strategy on TV.