MarketGod for Tradingview Complete Product Guide

Everything we know about MarketGod for Tradingview. Includes MarketGod v6, v7 and X/MarketGodx²
MarketGod for Tradingview Comprehensive and Complete Product Guide / User Manual

MarketGod Buy & Sell Indicator for Tradingview.com

User Manual & Comprehensive Product Guide

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Introduction

Hello and welcome to MarketGod Trading.

Whether you are new to the toolset or a seasoned veteran, we appreciate your presence and hope to maintain your trading success, and ideally add value to your trades prior to making them. If you've just purchased access to MarketGod for Tradingview, we will get you added shortly. This guide aims to Establish a framework / fundamental understanding of what our tools do, so they can utilize and apply them best. In addition,If you're just getting started and don't know how to add MarketGod in the Tradingview Public Library, we recommend you start in the tutorials section for assistance.

Once your have purchased access to MarketGod, Follow us on our social platforms. This is how we keep users up to date on the latest updates and changes.

  1. Secondly, add the following Email Address to your Contacts + Whitelisted Domains "Eric Thies, [email protected]".

    • This is your main point of contact for administrative and support related issues.

Watch and review our tutorials, and other resources provided on this site. It is ever changing and we update it frequently.

User Requirements

Before we can add you to MarketGod for Tradingview on Tradingview.com, we require the following from all our users.

How To Start Using MarketGod

---- To maximize your experience with MarketGod, we recommend purchasing their Pro or Premium subscription ------

includes Chart Study & Accompanying Strategy (strategy used for back-testing & automation

New User Registration

Above: After your transaction finalizes and purchase is complete, you are re-directed to our user registration process to start the onboarding procedure

Once purchased, users are directed to a registration process that is required for all users to complete.

Upon completion of payment, users complete a registration process to provide us the required details we need to add you to Tradingview. This registration process will start in one of these two methods

Most commonly, users are redirected to our registration straight from the payment completion

In the event you are not redirected to our registration, we also email the link to the registration form, which is delivered after successful payments are received.

When providing the information requested on the form, please be sure to double check your Tradingview Username. The management system we have available to us from Tradingview is case-sensitive, making it that much more important you verify your username prior to submitting the form

How to Find Your Tradingview Username

  1. Log-In, if you haven't already

  2. The user name that appears on the profile in front of you is your username

Tradingview Usernames for a given user are located on tradingview.com/u

Waiting for Permission Confirmation

We've recently upgraded our onboarding process and expect around a 5-10 minutes between users submitting registration to our system syncing and adding their permissions on our indicators.

If you find yourself waiting multiple hours without gaining access to the indicator, please email our team with a copy of your receipt and we will plan accordingly from there!

While many of our users simply wait for the "locks" next to the name to turn green, many are not aware the locks will remain red until you add the indicator and populate on your charts! Make sure to double check for this!

Once added to our permissions list, you will see a notification on your tradingview alert center. Confirmation from Tradingview in your notification center. Make sure to refresh your entire browser prior to searching 'MarketGod' in the public library.

    • Tradingview automatically notifies all users of any private indicator that they have been added to a given permission list. In the event our notification is delayed or does not send, simply refresh your browser page and check this tab, highlighted below

Above: Users can see an alert from TradingView when permissions are granted for any private indicator they have access too (IE MarketGod)

Getting Started Finding MarketGod for Tradingview is simple for our users on Tradingview. Follow the guide below.

How To Find MarketGod

Login to your account on Tradingview

  1. From the homepage, click on ‘Chart’ in the top navigation bar.Select “Indicators” on the top-center-middle panel:

  2. In the indicator library, type ‘MarketGodx’ as one word and select “MarketGodx for Tradingview”. The indicator will be added to your chart and now close the pop-up window

Once you have added MarketGod to your charts, you will want to establish alerts to maximize your trading opportunities. Follow these steps to set them correctly

How To Set Alerts

  1. From your Tradingview chart, navigate to the market or ticker and timeframes you'd like to set an alert for

  2. From the main chart, click on the alerts icon in the right panel and then click the plus (+) to open the ‘Set Alert’ menu

  3. Set the alerts for Buy and Sell, by selecting the MarketGod Indicator as the source of the alert (first drop down menu in the panel).

  4. When the source is set to MarketGod, choose 'Buy Alert' or 'Sell Alert' from the menu afterward.

  5. The frequency of the alerts should be set to your preference. We recommend the 'Once per bar close' option that sends an alert via SMS for email, without expiry, whenever the conditions are met.

  6. This option is only available through tradingview's premium plans

Removing NA Values

Removing NA Values from Tradingview Charts

Customization

MarketGod Users can adjust the overall appearance of the indicator as they use it. For a full list on why can be customized on tradingview.com in entirety, please see the references to tradingview.com, and note this applies to every indicator in strategy that users can add from the public library

This section is related to the visual appearance of MarketGod. If you are looking for adjustments and details on how to use the V7 and MarketGodx noise filter.

Available Customizations

  • MarketGod Signal Colors

  • MarketGod Signal Type

  • MarketGod Alert Text

  • MarketGod Painted Alert Style

  • MarketGod Alert Locations

  • Tradingview Alert Text

For additional customization's to your chart, add 'MarketGod Visuals' from the public library

All aspects of your chart can be customized on tradingview by going to the "chart settings" tab/settings pin wheel on the bottom right corner of screen.

Available Customization's to MarketGodx2
Label types and color Adjustments

General Suggested Uses

MarketGod Can Be Applied To Every Market And Chart Offered On Tradingview.com

Know that I built the tools primarily on Bitcoin vs. USD, because that's what I personally trade. That said, it DOES work on everything from equities, commodities, precious metals, indexes, funds, etc.

MarketGod can be applied to any time-frame of chart

  • However we recommend 30m, 1h, 4h, 6h, 1D, 3D, 1W, 2W & 1M charts

How to Proceed When a Buy or Sell Signal Appears

When following an alert you've received from one of our indicators, please ensure to verify its validity by making note of the environment the alert came from.

  • Is the market volatile historically?

  • How long ago did the alert fire?

  • are we near the higher range of a trading chart and in new territory?

  • What time-frame did the alert fire on?

These are questions you need to be asking yourself prior to making an entry or exit into a position.

MarketGod Trading has issued multiple versions of the MarketGod Indicator. They are mostly similar in the process required once an alert is painted on the chart.

" Simply buying and selling whenever the 5-minute MarketGod alert fires will likely put you in the negative side of things"

-Eric Thies, MarketGod Author

First off, know that these guidelines for steps taken after receiving an alert will absolutely differ person to person, and that we've designed this to be an add-on to confirm your already established trading process. Simply buying and selling whenever the 5-minute MarketGod alert fires will likely put you in the negative side of things for two reasons.

  1. Increased exposure to market volatility over shorter period of time

  2. Increased fees on the market you are trading. 1% over 100,000 trades add up quickly.

That said, following these outlined steps will likely end closer to positive with profits.

  • Choose your preferred Market to trade. I use Bitcoin-USD but any you prefer is okay.

Once MarketGod is added to your charts, which we discussed above, we also recommend you add whichever indicators are preferred in your normal trading routine. For us, that includes

  1. Assuming you're ready to go now, go ahead and set the alerts you need for MarketGod.

  2. Wait for the Alerts to fire

  3. Evaluate the market when the alert is received

  4. Make trade

Suggested Uses By Indicator

With multiple releases over multiple periods of time, our indicator has several hundred users who may prefer the earlier releases, which include MarketGod v5, MarketGod v6 and MarketGod v7. These are referred to as our legacy tools, and everybody who purchases MarketGod for Tradingview has access to them all, along with our accompanying back-test. For new users, we recommend MarketGodx, the primary indicator we promote and have recently upgraded to MarketGodx²

When trading using the indicator, any input can be used. In the past, we recommended Heikin Ashi candles, although this was solely aesthetic and not functionally significant.

That said, when trading using the back-test, Tradingview highly recommends to use the normal OHLC format as it will be the most accurate for trading in reality.

While traders can use any they prefer and MarketGod works on all, we recommend the following timeframes for our indicators in order to receive the best results

If you see alerts blinking - it means that the signal is potentially going to fire WHEN THE PERIOD CLOSES FOR CONFIRMATION. Anyone who asks about this needs to understand that the data is in real-time. This means on lower timeframes, you're going to see periods that are open, which price is teetering on the criteria we have set. Rule of thumb: when you see it happening, its irrelevant until the candle closes.

Next, one of the most important concepts to know when trading with MarketGod is that it is local to a specific timeframe, but an alert that fires on a timeframe above your current frame, automatically over-rules your lower time-frame event. This is a key component to succeeding with our tools, as the Macro frame holds the trend you'd like to be a part of.

  • Ex) the 4hr buy signal has just appeared. Although yesterday, a sell signal was confirmed on the 1D chart of the same market …. The trader now needs to know that the 4h buy is now almost irrelevant or potentially should be ignored.

Ultimately, we can only do our best to set you up for success and we hope using this tool will get you there and build the confidence it has from us.

MarketGod v5

For traders who prefer frequent trades and alerts for their given market of preference. MarketGod v5 consists of several technical components and is relatively simple in its criteria, in order to maximize the frequency of the signals given. Note that MarketGod v5 is formerly MarketGod v5.3, which was released on Tradingview in early 2019. One downfall of it is the inability to manage chop effectively. This causes more false positives in the alerts where there is no change or a quick change to the reverse.

  • Any timeframe means any timeframe. Choose your preference

  • The higher the timeframe, the stronger the alert. If the weekly candle says 'Sell' and your Daily candle says 'Buy', Buy with high caution, as the weekly will ultimately overrule the signals of a lower frame.

  • Wait for the candle to close before considering the alert as true. Especially applies to the low time frames where the technicals are in a tight range and hard to determine in real time. Wait until the confirmation of the alert at close of the period. Be aware however, the higher the timeframe, the higher the seriousness and certainty of the alert. Ex) If the monthly candle flashes a signal, it's probably correct, but wait to be sure.

  • Heikin ashi candles or normal candles are okay for the indicator. For the backtesting, always use real candles, not Heikin Ashi. Read why we recommend normal candles for backtesting.

MarketGod v6

Our initial privately offered indicator that built on the success of the once-open accessed MarketGod v5. Like its predecessor, MarketGod v6 is frequent with its alerts, and offers users reliable alerts that can be added to any Market. These alerts are best used on 1h+ TF and above, ranging up to the 1M time frame (monthly = most accurate of all) Rules of thumb for MarketGod v6

  • Any timeframe means any time frame. Choose your preference

  • The higher the time frame, the stronger the alert. If the weekly candle says 'Sell' and your Daily candle says 'Buy', Buy with high caution, as the weekly will ultimately overrule the signals of a lower frame.

  • Wait for the candle to close before considering the alert as true. Especially applies to the low time frames where the technicals are in a tight range and hard to determine in real time. Wait until the confirmation of the alert at close of the period. Be aware however, the higher the timeframe, the higher the seriousness and certainty of the alert. Ex) If the monthly candle flashes a signal, it's probably correct, but wait to be sure.

  • Heikin ashi candles or normal candles are okay for the indicator. For the backtesting, always use real candles, not Heikin Ashi. Read why we recommend normal candles for backtesting.

MarketGod v7

  • Our long-time favorite for users around the globe. MarketGod v7 offers consistent, reliable results that users can use in any market on any time-frame. Rules of thumb for MarketGod v7

  • Any time-frame means any time frame. Choose your preference

  • The higher the time frame, the stronger the alert. If the weekly candle says 'Sell' and your Daily candle says 'Buy', Buy with high caution, as the weekly will ultimately overrule the signals of a lower frame.

  • Wait for the candle to close before considering the alert as true. Especially applies to the low time frames where the technical indicator components are borderline within a tight range and hard to determine in real time.

  • Wait until the confirmation of the alert at close of the period. Be aware however, the higher the time frame, the higher the seriousness and certainty of the alert.

  • If the monthly candle flashes a signal, it's probably correct, but wait to be sure.

  • Heikin ashi candles or normal candles are okay for the indicator. For the back testing, always use real candles, not Heikin Ashi. Read why we recommend normal candles for back-testing

MarketGod v7 Power Filter

The power filter itself is an EMA length that price is required to crossover as confirmation for the given period. This means the lower you set it, the more frequent the alerts and more chop there is involved. The higher the number, the less alerts shown

MarketGodx²

MarketGodx for Tradingview Version = MarketGodx²

How to add MarketGodx to your Tradingview Charts

Indicator Description MarketGodx weighs the probability of a given scenario and the outcome associated to prior events before sequentially weighing the impact of a probable move by the significance of the timeframe and its corresponding close sequence relative to other TFs, The indicator combines several components of classical technical analysis and then provides a Buy or Sell alert to traders, which is then acted upon by the user. There are modifications made to alerts to manipulate them in the alternating appearance as the visual above shows. MarketGod can be applied to any market, with any time-frame associated to it. The signals relay the alert at the close of the period, and the painted alert is then available to users to see on the chart or even set notifications for via tradingview's alert system. We recommend that users implement marketgod on their preferred time frames for trading, which for us is the 1h, 4h, 6h, 1D and above TFs. Indicator Components

  • Gann Trend Analysis

  • Stochastic K

  • Stochastic D

  • KDJ Calculation

  • MACD

  • SlowRSI

  • Bollinger Band

  • Keltner Channels

  • Ichimoku Cloud

  • HHLL Trend Detector

  • MarketGod EMA , WMA , SMA , HullMA

  • Accumulation + Distribution

Suggested Uses

  • MarketGod will inevitably produce false positives. We've taken steps to reduce this but we highly suggest you add this as a component of your strategy, not an end all be all

  • That said, please do not feel the need to fire a trade based solely on a marketgod signal, or to every signal it fires.

  • MarketGod users should backtest their strategy using OHLC candles for best results

  • Heikin Ashi candles were recommended in the past, and we have eliminated the need for them, meaning that traditional candlestick inputs will yield the highest results.

  • MarketGod will always give stronger alerts on higher TF's.

    • Example #1 - If the 1-Day has fired a given signal and the 30 min or similar fire the opposite signal, know that the overall trend is still likely downward. Same concept applies to all timeframes on this tool.

    • Example #2 - if the one-month get a signal over the one week it is absolutely worth listening to

  • Reset all alerts every release that we put out. Each upgrade will require new sets of alerts to the tool and you were continue to receive the wrong words in future versions if you still have the words from the past

Adjusting the Filter Settings This tool has a noise filter for users to adjust. The filter is a percentage based calculation, between significant points in time. The filter ranges between .5 and 25, with .5 increments

  • For lower TFs (IE Intraday), keep the filter set between .5-5

  • Mid-TFs (4H,6H,12H,1D), the recommended range is between 5.5-10

  • Higher TFs (3D and Higher), look for approx 11-20 range

Customization Customize the indicator by adjusting the colors in the style pane. Additionally, users can change the plots into labels with the price of close added to them, or a few other label text options, listed in the 'inputs' panel, below the filter adjustments. Users can also opt to turn the strategy orders as well, as this version will have them printed.

Do not follow every alert. MarketGod is not designed as independent trading system. It's primary function is to alert you when a trade becomes potentially available and then you are to use your own strategy to make the decision

  • THIS MEANS TO ONLY USE MARKETGOD SIGNALS TO CONFIRM YOUR OWN PRECONCEIVED TRADING STRATEGY

  • We have added TP SL functionality in this initial release. If they are bugged, we will fix.

  • This tool measures technical set-ups in a given environment by measuring the change % over time in comparison to MTF levels of the same measurement.

Strategy Performance of MarketGodx

Strategy Performance is covered in depth in the next section of this guide

Strategy Test Results of MarketGodx²

Parameters

Results

The parameters for this are as follows

  • $10,000 capital

  • Trading 10% equity each trade

  • Measured since start of 2019

  • Stop loss and TP on at 25% take profit, 5% SL

  • .1% Commission and 1 bar slippage

  • 36% profit over this period of time

  • 381 Trades made

  • 39% win rate

  • 1.26 trade profitability

  • 6% Draw-Down

The only thing that matters when it comes to financial trading is the money you bring back to your bank account. Winning % of trades is irrelevant.

The purpose of this strategy is not to achieve a high win percentage. The only thing that matters at the end of the day, is how much take home profit is brought in. A strategy with 70% win percent and 1% profit is useless compared to a 30% win rate and 10% profit take home. Read the strategy guide below to know best practices for interpreting these results.

Filter Settings The filter is a percentage based calculation, between significant points in time. The filter ranges between .5 and 25, with .5 increments

  • For lower TFs (IE Intraday), keep the filter set between .5-5

  • Mid-TFs (4H,6H,12H,1D), the recommended range is between 5.5-10

  • Higher TFs (3D and Higher), look for approx 11-20 range

Strategy Testing

Guidelines and best practices when testing a strategy on Tradingview.com

This portion examines the tradingview trading platform and the strategy testing engine that enables users to test the historical success and potential revenue generated over a strategy's lifetime. The MarketGod Indicator includes a strategy backtest which users can use in tandem or independently of the Indicator.

  1. General differences between the Strategy and Study functions on Tradingview

  2. How to set the given settings of a strategy to receive the most accurate results

  3. How to to interpret the results seen when backtesting a Tradingview strategy

Tradingview.com is an online charting platform that offers a powerful solution and test trading engine for users looking to build any trading approach of their own. Tradingview users have the ability to define, develop and refine their own strategies and they can be applied to all general strategies on tradingview.com and the comprehensive results are illustrative of the success one sees from a given trading approach.

Studies Vs Strategies On Tradingview

Here we evaluate and differentiate the differences between strategies and studies on tradingview.com

Tradingview differentiates strategies from studies in multiple ways that will be discussed below. If unfamiliar with the topic, know that Studies and Indicators are the same thing. Any Oscillator, Chart overlay, indicator, etc is a STUDY in technicality. Studies differ directly in that strategies are reactive to market environment and variables change given the situation, while studies will be more of a 'rinse, repeat' kind of set-up in which we can generate alerts from in which we use to apply a strategy to.

In essence, indicators are used to READ a market, while strategies are used to PLAY the market.

Indicators can not place orders or cannot be modified to fit a given environment. They will always give the same result at the same time with the same

Tradingview's native programming language Pine script, enables traders to develop algorithms they can apply as both indicators and strategies. Some users are unaware that indicators are completely unique from strategies and do not imply a given result from a reading or measurement taken. In their own functionality the call for an indicator over a strategy actually leads to almost a different process entirely for defining the price movement and what the intended result is. For one, indicators can establish alerts to be set that the trader will follow and receive on their mobile device when triggered. Strategies however, are limited in this ability and cannot fire alerts.

The challenge is that of the Tradingview users testing their strategies do not know how to interpret the results provided by Tradingview, which we aim to accomplish by showing specific examples and methods of testing, a standard of practice for our users and all Tradingview users to follow, along with various resources for reading further into this subject.

Some of the examples below are directly from the Tradingview blog, and resources provided by the PineCoders Community (Tradingview endorsed group & pine script MOD’s). These items will be cited formally and linked.

The strategy report makes interpreting the success of a strategy relatively easy with its first look as we see above. The initial reporting metrics appear and logically make sense as well. But once we pivot over to the list of trades, Tradingview has identified 4 components that are specified in this blog post

Strategy Settings and Associated Terms

Terms

Definitions

Profit (1)(from image)

This shows the profit per trade and the percentage gain or loss of that trade.

Cumulative Profit (2)(from Image)

This shows the total profits or losses of the strategy after closing a trade and the percentage gain or loss of the strategy over time.

Run-up (3)(from Image)

This shows the maximum possible profit of the trade according to the strategy as well as the maximum percentage gain.

Draw down (4) (from Image)

This shows the maximum possible loss of the trade according to the strategy as well as the maximum percentage loss.

Definitions for Terms Used Across Tradingview Settings and Reporting Strategies

It is important to be familiar with the terminology of the various settings and customization to parameters the trader has direct ability to change when back-testing. Many of these settings exponentially impact the result of th

Slippage

Slippage refers to the conflict between the expected price of a deal and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of volatility when market orders are used. It can also occur when a large order is executed

but there isn't enough volume at the chosen price to maintain the current dictation /ask spread.

Pyramiding

Pyramiding involves adding to profitable views to take reward of an instrument that is performing well. It allows for large profits to be made as the status grows. Best of all, it does not have to increase jeopardy if performed properly.

Normal Candlesticks (OHLC) are the only input we recommend using for back-testing any Tradingview strategy.

Non-standard chart types can provide traders with alternative ways of interpreting price action, but they are not designed to test strategies or run automated traded systems where results depend on the ability to enter and exit trades at precise price levels at specific times, whether orders are issued manually or arithmetically. Ironically, the same characteristics that make non-standard chart types interesting from an analytical point of view also make them ill-suited to trade execution. Why? Because of the dislocation that a synthetic view of price action creates between its non-standard chart prices and real market prices at any given point in time. Switching from a non-standard chart price point into the market always entails a translation of time/price dimensions that results in uncertainty—and uncertainty concerning the level or the time at which orders are executed is detrimental to all strategies.

Read why on this published post from PineCoders

Generally, these are pretty straightforward terms that are returned by the Trading View engine but you need to be able to understand what is going on with the numbers in it to understand how your orders succeeded in your given Trading approach and strategy. Below is an included glossary to reference the different meetings associated with each term when running your strategy and how you can use them to evaluate the performance.

Measuring The Performance Of Any Strategy

Understanding the definitions of these terms will ultimately add to your general understanding of your strategies performance performance

As you may know by now, back-testing a strategy is a key component in solidifying the base to your overall strategy, which makes the interpreting of its performance report all that more important.

The Strategy Performance Reports appear on the bottom of your Tradingview charts in the management panel, with the tab location next to the Pine Script Terminal. The report itself contains

  1. The Strategy Performance Overview

  2. An in-depth Strategy Performance Summary

  3. A List of Trades that were entered and traded

Many of these performance details are self explanatory, That said, one of the reasons we wanted to write this guide. was because there are a few generalizations and inaccurate assumptions made about the meaning of a few performance details to clear up. These are items to consider when interpreting them on a case by case basis. Below, we touch on the terms referenced and how they could be accurately interpreted on a general level.

Strategy Testing Results - By Page

The Overview Page

The Strategy Testing 'Overview' Page appears when running a test strategy on Tradingview.com

#

Term

Definition

1

Net Profit

The total percent gained in a strategy. You want this to be as high as possible. Measured after fees

2

Number of Trades Entered

Variable on your time frame traded and the frequency of trading. An adequate sample size in statistical textbooks would say aim for 30 or more for the period you are testing. Ultimately, the frequency is your preference on its result.

3

Percent Profitable

Note, this is NOT how good or bad your strategy is. While ideally you want 40%+ win rate, there are cases in which you can win 80% of your trades but still lose money overall on the total return. The difference is in the scale and size of the wins and losses. if the weight of the losses is substantial enough, you can easily be in the red, despite winning the majority of your trades.

4

Profit Factor

The profit factor is a simple ratio between the Gross Profit and Gross Loss values.

5

Max Draw Down

A draw-down is the peak-to-trough decline during a specific recorded period of an investment, fund or commodity security. a draw-down is usually quoted as the percentage between the peak and the subsequent trough.

6

Average Trade Size

Averaged out value of each confirmed trade

7

Length of Bars

Length of average trade for given period

The Performance Summary

Once you have run your backtesting strategy you will see a screen similar to this above the screen showing the results from the strategy approach. Shown here is the Performance Summary found on tab #2 of the report.

Strategy Specific Terms

Terms found on the 'Performance Summary' Page (middle page) on the Strategy Test results

Term

Definition

Net Profit

Profit after Fees

Gross Profit

Profit after fees

Gross Loss

Total sum of all losing trades

Max Draw Down

A drawdown is the peak-to-trough decline during a specific recorded period of an investment, fund or commodity security. a drawdown is usually quoted as the percentage between the peak and the subsequent trough.

Buy & Hold Return

Buy and hold return is a very useful benchmark to help you decide if all your effort is really worth it. It measures what your PNL would be if you just bought an asset and held it until the end of the test. If you cannot beat the buy and hold return then deploying an active trading strategy makes no sense. Of course, as with anything, there are some caveats to this. The first is that if your strategy spends very little time in the market, you might see the reduced risk of getting caught in a large downturn as a benefit. Additionally, depending on the length of your test, you may choose to ignore the buy and hold returns as it may not represent a clear comparison of the performance through different market regimes/cycles.

Sharpe Ratio

Sharpe Ratio refers to the proportional return you receive for holding a level of risk over a specific period of time.

Profit Factor

The profit factor is a simple ratio between the Gross Profit and Gross Loss values.

Max Contracts Held

Max positions open at one time self explanatory. Variable on pyramids as well

Open PL

If you still have an open position at the end of your backtest, the current PnL for that position will be listed here.

Commission Paid

Self explanatory This is a sum of all the commissions paid.

Total Closed Trades

How Many Trades have closed

Total Open Trades

If the trader is still in a position at time of report

Number Winning Trades

How many trades were won

Number Losing Trades

How many trades were not won

Percent Profitable

Of the trades entered, what percent of them were profitable?

Avg Trade

Average Trade value, regardless of result

Avg Win Trade

Average size of the trades won

Avg Lost Trade

Avg size of trades lost

Ratio Avg Win / Avg Loss

Provides the ratio of the gross loss / gross win value

Largest Losing Trade

Biggest lost in one trade / position

Largest Win Trade

Biggest gain in one trade / position

Avg # Bars In Trades

Average length of trade position

Avg # Bars In Winning Trades

Average length of winning trades

Avg # Bars In Losing Trades

Average length of losing trades

In conclusion, the final tips we have for trading are listed below. This guide will ideally be added to over time so remember to check back from time to time in the event any items have changed.

Best Practices for Strategy Testing on Tradingview

  1. Use OHLC (normal) candles

  2. Always make sure the 'recalculate on every tick' is UNCHECKED in the settings panel

  3. Set slippage to reflect the fees you experience per trade

  4. Remember that a high percentage of trade profitability DOES NOT ensure the strategy is solid. A strategy with 30% win-rate can yield higher return than one with 70%+. At the end of the day, the ONLY THING THAT MATTERS IS YOUR TAKE HOME PROFIT.

Further Reading into Strategies

Please be sure to review our legal policies and disclaimers before trading any financial securities with any content put forth by our team and organization

Automation

Plus Other External Tools

Automation for our tool has always been the goal. In 2020 we are launching an offering through Trendspider, which will enable users of Trendspider to do so on their platform.

In addition to the Trendspider partnership, we are hoping to ultimately automate the entire process with a bot we offer straight from our site, but at this time, the project is only in infancy and not ready to be shared with our user base. Users can follow this project once we announce it officially towards the end of 2020.

At this time, to maximize your time spent on setting or changing alerts, automating your trading, or just adding more value to MarketGod, we recommend the following tools.

If you'd like to have a tool added to this list, let us know via email at [email protected]o

Pinescript Resources

Pinescript Is The Native Programming Language Of Tradingview.Com. Users Are Able To Build Their Own Indicators And Strategies Based On Technical Calculations And Plot Them All In Pine. We Will Continuously Add To The Scripts Listed Here So We Encourage You To Check Back From Time To Time. These Resources Are Also Available To Those Interested In Learning.

Find Tradingview base indicators and our pinescript library here

Performance Data

More Being Added (Started 6/26 - Expect 1 Per Day)