Yes, long only. Trading stocks, indexes, crypto is better for longs, so I usually use long only on these assets.

Hi, I don’t share any information about my personal trading (such as the optimizations/strategies I use or how much I make) either here or in the paid Discord group (I am not a financial advisor). I know this isn't the answer you were looking for, but it’s always been this way. I only share my research, tools, scripts, etc. By choosing the right optimization, risk management, and strategy, you can achieve returns ranging from 3% to 20% or even higher, depending on many factors. I made a few videos on the main "TradeSmart" channel, revealing post-optimization backtest results of our premium scripts. From those videos, you can gain some insight into what is possible.

Thank you so much for your kind words and feedback! It’s incredibly rewarding to hear that my content is helping you improve your algo trading skills. I also want to thank you for your support on Patreon :)-your contribution helps me continue creating these videos! If you enjoy my research, backtesting, and strategy creation methods, I highly recommend checking out my "Creating the Best Strategy" series on my other channel, TradeSmart. In this series, I dive deep into dozens of indicators, backtesting them thoroughly to find the most effective ones. These are some of my favorite videos to make, and I'm excited to announce that the next part-focusing on the best stop-loss methods-will be released in just a few days! :D

Thank you man! I'm glad my work and research is useful for you and others! :)

Thanks for the feedback! I'm glad you found this one useful!

Thank you!😁

Thanks man! Appreciated!😁

Thank you!😁

Thank you!😁

ahogy látom refund-olva lettél (gondolom te vagy Gabor :D) szóval csak csinálj egy új patreon accot jó email címmel és akkor meg tudod venni :)

@@TradeSmart-AI rendben.

Yes, your videos inspired me to give it try. I encourage people to keep learning pine script, once you know how to edit variables, conditions etc you will a save a lot of time and rely less on ChatGPT, trust me bro!

That is absolutely right. If you backtest bitcoin on 2011 price data, where Binance didn't even exist, liquidity were terrible, slippage was 10-100 times bigger, of course you will get bad results. What algorithmic traders recommend is to not go back further than 5 years with backtesting or optimizing, as in 5 years many things change: many new exchanges brokers, fee rates, liquidity, volume, even new regulations. For example in forex or stocks after the 2008 crash the tick up rule was introduced for shorts, meaning you need 1 (or a few, I'm not 100% sure on how many) ticks up before you can get a new short order filled, this means that after 2008 many short trading strategies were never profitable again. What matters is how the strategy performs after the optimization, on live market data. Even backtest results are not enough to tell if a strategy is good or not, as there is overfitting or overoptimization potential with every strategy. After 5 years of experience I can tell you that statistically 2 out of 10 strategies will have somewhat of an edge on live market data. So I recommend you to focus on what is really important, how the strategy performs after its optimization date, on out of sample, live market data and forget about how a strategy performed 10 years ago. 4 years of backtest/optimization is more than enough.

@@TradeSmart-AI Thanks for the feedback, makes sense. I wanna give it a shot with small cash, but Im a newbie in terms of setting it up. Ive uploaded the strategy, backtesting works, but Im trying to start the automatic trading through binance and I dont know how to start it, any advice please?

@@TradeSmart-AI Thanks for the quick responce. Im thought I was gonna give it a shot and start it live with some small amount. What broker do you recommend. And what needs to be done to get it started please. Thanks :D

@@radekvecerka1115 Look up a few videos on how to automate tradingview strategies for live trading, I would go with binance or bybit for good liquidity and safety, If I'm correct both of them have tradingview alert automation built in.

hi does your $20 monthly patreon include this strat? or does have to be purchased seperately?

I just started testing my own strategies using TV and Oanda ( Auto trading) I would be interested in testing a few of your strats on a demo account. Currently I have 8 running would like to have 15 or 20 in total for 1 or 2 months before going to a live account. Would u wanma share some strats and ill share my results with u as far as how they performed on a demo account?

​@@down4thecause no it is not included in the smart trader tier, you have to buy it separately through the link above

​@@down4thecausesounds good, you should contact me through discord (let me know if you need a link to the free discord)

that's why I use 4 year backtest (1 bitcoin/crypto cycle) , so it will include the ups, downs and sideways periods.

I don't have many fixed take profit strategies, exit signal indicators, or trailing stop loss almost always outperform fixed stop loss and take profit strategies.

Just checked it and the GBPJPY pair works great with this strategy. Although using it on bitcoin and ethereum is much better.

That's a difficult topic it would need a whole video to explain everything.

using script for trades is there a way to set this up to automatically buy and sell? or you need to watch the charts and manually enter and exit the market? great video! :D

@@tropicaleskimo3296 yes you can turn almost any script into trading bots, that's what we are mainly focused on our main "TradeSmart" channel (www.youtube.com/@TradeSmart22). In our patreon in the Smart Trader tier package you can get highly customizeable premium scripts, that have built in trading bot automation section. If you are interested check out one of the premium script tutorial videos on our main "TradeSmart" channel, all of those premium scripts are for trading bot automation.

Thanks for the feedback!

You're welcome and thank you for the feedback! :)

I showed a few that worked after the optimization date in the video, but yes most of them are losing after the first 4 months. That's the reality of trading, it isn't easy to find/build a good trading system (otherwise everyone would do that). There's only one thing we can do: research, optimize and test indicators and put the best one into a trading system.

Thanks man, appreciate it.

Thank you! :D

I usually show it at the end of the video with a few exceptions, but you can find it linked in the description.

@@TradeSmart-AI You're the man! Thanks :)

Not actually and that's a really good point is it possible to test that on tradingview so it shows up in the backtest?

@@TradeSmart-AI There is strategy.margin_liquidation_price in pine script v5 which might help you.

Thank you I really appreciate it!! Yes you could use the supertrend as stop loss but for this strategy a far stop loss works better and the supertrend line moves close to the price (at least with the optimized settings) I found that usually an exit signal indicator is better than a fixed take profit. Maybe using both with a 50%exit is the way to go.

@@TradeSmart-AI Gotcha. Thanks.

Thank you!😁😁

Igen magyar vagyok😁

Király vagy haver! 😄 Köszi a választ! 🤘

Thanks for the support! So close to 1000!

I use market orders.

Watch the video very carefully and make adjustments to the settings accordingly, I've shown on the video how I set up the script, with what position sizing so there must be some mistake on your end.

@@TradeSmart-AI I thought the script was already configure to your backtest. Ok I will try again , thanks....

@@antoineabed6828 The settings are usuallly pre-set to the optimization shown in the video (except if there are multiple optimizations presented), but the properties tab (position sizing) never, that's where the difference probably will be.

@@TradeSmart-AI perfect ! How can I change the range of date for a backtest ? Its fixed !!

the interval fixed are 12-0224 to 24-06-24