HOW-TO: Compare Different Strategies With Strategy Tester for NASDAQ:NDX by liberatedstocktrader

I double and triple-checked his numbers, and goodness me he was right.
“How did you achieve that Moses!” I exclaimed.
“It was achieved using the application of mathematics and technical analysis” Moses retorted.
“But what did you do specifically,” I asked.
“I managed to avoid all the major stock market crashes and entered the Index

MOSES (Market Outperforming Stock ETF Strategy) is of course my affectionately named TradingView Strategy Pine Scripts/Algos.

TradingView the New King Of Backtesting
I have been working on backtesting systems for the last 14 years. I have used many competing services, but TradingView is my new favorite tool.
Why?
TradingView has enabled me to backtest many scenarios using their excellent Pine Script. I am not a developer, but Pine Script is super easy.

Backtesting & Strategy Testing Takes Time… But TradingView Makes it Quicker.
Creating a strategy that tests for solid results takes a lot of time and effort. But don’t get disheartened. Start with indicators you believe in and test them. Do they really work? How often, what is your success rate. How long is each trade? How often do you trade? What is your drawdown? What is your Sharpe & Sortino ratio?

Luckily TradingView makes this process really fast, the speed of calculating the results of a test is mind-blowing. Seriously, it’s a platform that can perform 5, 6, 7, 8 strategies side by side over 24 years in the blink of an eye.

How did Moses Perform?
I have 3 MOSES strategies which you can see on the chart. All three beat the Nasdaq 100, but one really beat it hard. The “Buy on Bull Sell on Bear” strategy made $2.88 million on $100K invested in 1997, vs. $1.76 million for a “Buy and Hold” strategy, a 1,100% difference on $100K invested.

This long-term performance was with only 12 trades in 24 years with a 67% success rate. How do I know this? TradingView tells me in its strategy tester reporting.
Moses tells me many things:

  • When we are in a solid Bull Market (Green Dots)
  • When we are in a Bear Market (Red Dots)
  • When we have a Shock to the Market (Shock Label)
  • When we have a Catastrophic Event (Red Catastrophe Label)
  • When to buy back in early, before the full bull market resumes (yellow dots)

Thanks to TradingView

Thanks to TradingView, I have a platform where I can rapidly test ideas and see if they work in the past.
I can check to see if a new
If you are not backtesting strategies, then how do you know if they have a chance to work in the future?

Walking the Path
We all start as beginners. We think it is easy to make money. Then we experience a large crash and we lose a lot of money. Then we leave the market. If you persevere, you will try to build your knowledge and experience. If you go 23 years down that path, you realize that system and strategy development using backtesting is essential to making repeatable money.

Strategy Development Advice
“You can try to out-compete the hedge fund algorithms by day trading, but that is near impossible. You cannot out-arbitrage a supercomputer.”
You can, however, develop your own strategy that works over weeks, months, or years, and you can really make good profits.

Notes on the Chart
I run 5 scripts, 3 Moses Strategies + 1 Buy & Hold strategy for comparison (lower panes), and the MOSES Signals 2.0 in the price chart.
The chart is Weekly and from 1997 to today.

Note on Strategies.
Systems may not work in the future as they have worked in the past. There is no guarantee of future returns. Moses is a long-term strategy that works over years, not a day trading strategy. Moses worked in the past on major US and European stock market indices, it does not work with India or Chinese markets, no Strategy is perfect, not even Moses. Moses scripts are private.

Follow me if you like the post, and if you want to see my next post, the “10 Commandments of Moses” 😊

Any questions you have, let me know in the comments.

Barry
My good ally Moses emerged from the mottle and declared “ I have beaten the Nasdaq 100 by 1,100 % over the last 24 years. ” I double and triple-checked his numbers, and goodness me he was right. “ How did you achieve that Moses ! ” I exclaimed. “ It was achieved using the application of mathematics and technical psychoanalysis ” Moses retorted. “ But what did you do specifically, ” I asked. “ I managed to avoid all the major stock market crashes and entered the Index

lower than when I sold it. This compound my long-run gains enormously ” he cried.MOSES ( arketutperformingtockTFtrategy ) is of class my dearly named TradingView Strategy Pine Scripts/Algos.I have been working on backtesting systems for the last 14 years. I have used many competing services, but TradingView is my newly darling tool.Why ? TradingView has enabled me to backtest many scenarios using their excellent Pine Script. I am not a developer, but Pine Script is super easy.Creating a strategy that tests for solid results takes a lot of prison term and feat. But don ’ thymine get disheartened. Start with indicators you believe in and test them. Do they in truth work ? How often, what is your success rate. How long is each trade ? How much do you trade ? What is your drawdown ? What is your Sharpe & Sortino proportion ? fortunately TradingView makes this action very debauched, the accelerate of calculating the results of a test is mind-bending. seriously, it ’ s a platform that can perform 5, 6, 7, 8 strategies side by side over 24 years in the flash of an eye.I have 3 MOSES strategies which you can see on the chart. All three beat the Nasdaq 100, but one actually beat it hard. The “ Buy on Bull Sell on Bear ” scheme made $ 2.88 million on $ 100K invested in 1997, vs. $ 1.76 million for a “ Buy and Hold ” scheme, a 1,100 % dispute on $ 100K invested.This long-run performance was with entirely 12 trades in 24 years with a 67 % success rate. How do I know this ? TradingView tells me in its strategy tester reporting.Moses tells me many things : Thanks to TradingView, I have a platform where I can quickly test ideas and see if they work in the past.I can check to see if a newindicator actually works or if it is precisely ballyhoo. ( 95 % are hype ) If you are not backtesting strategies, then how do you know if they have a probability to work in the future ? We all start as beginners. We think it is easy to make money. then we experience a large doss and we lose a lot of money. then we leave the market. If you persevere, you will try to build your cognition and experience. If you go 23 years down that way, you realize that system and scheme development using backtesting is essential to making repeatable money. “ You can try to out-compete the hedge fund algorithm by sidereal day trade, but that is near impossible. You can not out-arbitrage a supercomputer. ” You can, however, develop your own strategy that works over weeks, months, or years, and you can very make dear profits.I run 5 scripts, 3 Moses Strategies + 1 Buy & Hold strategy for comparison ( lower panes ), and the MOSES Signals 2.0 in the price chart.The chart is hebdomadally and from 1997 to today.Systems may not work in the future as they have worked in the past. There is no guarantee of future returns. Moses is a long-run scheme that works over years, not a day trade strategy. Moses worked in the past on major US and european livestock market indices, it does not work with India or chinese markets, no Strategy is arrant, not even Moses. Moses scripts are private.Follow me if you like the station, and if you want to see my adjacent post, the “ 10 Commandments of Moses ” 😊Any questions you have, let me know in the comments.Barry

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