How To Optimize The Best Strategies On Tradingview

🚀 **How To Optimize The Best Strategies On TradingView**

Transcript

Auto-generated from the video audio — expect imperfect punctuation.

What’s going on guys? So I got a lot of questions about the indicators that I’ve been publishing. I’m going to show you how to make the best TradingView strategies, indicators right now, how to optimize them all. Before I do, I stream live every single day. Be sure to subscribe below. If you’re looking for the strategies I’m about to show you, they’re on my site. Here you go. I’m going to be using this one right here is what I’m going to be

Using. So, if you want, go to cooltrader.com, indicator section, and request it. All right. So, this is it. This is how I do it. So, basically, when you add this, it’s just going to have default settings. I don’t save my personal settings as the default settings. I basically make the script. I could tell you what asset I use it on, but like listen, I’m going to give you 95% of it. You just have to do 5% of the work, people. I’m

Not just going to hand you something where you click the button and then just auto trades for you. Not the way it works. But, I’m here to help you out. We can get there. All right? So, basically, these are the defaults. I’m going to show you how to do it. So, basically, for something like this, I just don’t want to see uh all the lines. So, I’ll just have the 15-minute orb showing. So, this is a strategy that basically looks for

The sweep of the orb on one side, and then it comes back in the orb, and it takes the trade. So, being that there’s three different ones, I would start with one. So, basically, I look. Profit factor is one. I do two things. One, I go 90 days, and then I go for the full year. So, let’s do the full year. And some dummy is going to be like, “Oh, you didn’t do years worth of data. Well, dummy. Uh the market,

If you’re doing a TP stop with points, and the market is at 30,000 points versus when it was at 10,000 points, the TP stop loss when using points is going to be different. All right? It’s not using an ATR, it’s using a points. So, yeah. So, before some dummy says that, you just don’t know. So, all right. So, then I look for the year. So, here’s the year. And I’ll just be like, all right, cool. So, this is what the default

Setting gives you. Basically, you’d be up $12,000. Now, obviously, profit factor is 3.4. And some people don’t want to wait around. So, this is a problem with a lot of strategies. People aren’t going to wait. They’re going to be like, oh, you know, it hasn’t gone anywhere since June. Well, you know, that’s why I optimize in the last 90 days, and I’ll make changes. But, argument’s sake, say I did something like stop loss 15, TP 25. See what we get. All

Right. So, like that’s that’s not terrible, right? Just kind of trending up, trending up, trending up. Um you know, you could definitely go for more. I’m not going to sit here and and do this, to be honest with you. I’m just showing you that I manually make changes, and I’ll be like, oh, cool, like you know, maybe it didn’t start off great, but obviously the last 90 days it’s been ramping up, which means the settings are pretty good for the current

Market environment. But, this is kind of slow and steady. Drawdown’s only 2,000 for the year. This looks pretty good. 150k account, I can use two minis. Drawdown was only 2,000. Obviously, there might have been some intraday drawdown as well. Two minis, you’d be up 22,000. Great. Then I come in here. I shut this off because now we’re going to be testing something else, right? So then maybe I go to this one. And I say, “Hey, you know what? Like what this

Is only the 5-minute orb. Let me do something. I don’t even know if this is going to work. No. And I say, “Okay.” And all I’m looking for at this point is something that is profitable. That’s all I’m looking for. And then I’m going to add them all on. And I use this strat I’ll be honest with you. I use this strategy only on the 15-minute. And I combine this strategy with bias. So like if we’re just ripping, I’m not going

To play it back to come back down because if the market is ripping on good news or whatever it may be, I’m probably not going to sit here and take it. It’s like I don’t even know. I don’t even play that. I I don’t even know what this one would be either to be 100% honest with you. Uh but this is all I do is I sit here and manually mess around with all the settings until I get something that’s halfway

Decent. So like this is awful in the last 90 days. So then I’d be like, “Hey, you know what? Maybe on the IB cuz something that was working earlier on the year is not working.” So then I’ll say, “Hey, you know what? Let me find something on the IB that’s working the last 90 days.” And then I’ll run I’ll run maybe that. So then I don’t know, maybe I have to increase my stop. Maybe I go bigger. You know, I I

Don’t really know. And and that’s the best part about it is you’re you’re just kind of testing stuff out. You know, and you’re just going back and forth. Now you can use there’s an app called I think it’s optimize. It’s called uh here it is. Let me to show you what it’s called. So, basically this op opt OptiPie it’s like a plug-in that will manually do a lot of this will automatically do this. The problem is I haven’t used the updated

One, but if you have a lot of settings it’s not really good for it. If you only have like three settings or four settings it could be great. It’s like it will run this one pretty well and you can kind of set it in there. But this is kind of all I do is I’ll just play around and say, “Hey, like what am I looking for?” And that’s it. Um I only run the ES, like I said, on the 15-minute. It

Works. Um and I then I pair it with bias. So you know some of this stuff is good. I mean, is there an IB play that would work? Probably. I mean, I don’t really know because I don’t use it. So, I’m like I don’t know if the idea is to go lower or the idea is to go you know, something like this where it’s like super small stop big TP where it’s like it’s either going to go or it’s not going

To go. Um I don’t really know. So, it’s one of those things that you have to figure it out if you want to use it. Also, trading sessions. I’ve noticed sometimes when you trade when you turn the trading sessions to a different time you’ll get a much better uh So, [snorts] let’s see this. So, say this See what we got here. So, like the profit factor on this just Let’s see. So, this is 90. I’m just going to show you. So,

This is 1.8. >> [sighs] >> Let’s go full day. See, the profit factor actually drops because it takes it some of the days it basically would trade like say it traded down down down and then later on the day it pops through and then back. So basically you want to take these trades earlier in the day and you’ll have a much better profit factor. So [snorts] these are all things that you have to do. You know, you got to just put

In a little bit of effort like that’s it. Took me like I don’t know 5 minutes could have figured out some of them. Um you know, these aren’t my settings. I have my own settings. But it’s not terrible. The biggest problem with a lot of strategies is the fact that you would have to sometimes wait. Um like let’s go for the whole year custom date, right? So you know, this strategy is probably profitable for the for the year, right? Yeah, 11,000

Look, right? But like you might get caught in a spot like all of April and you end down and someone’s going to give up on that and be like oh the strategy’s awful whatever whatever. But it’s over a time it over time is what you’re looking for. Um you know, too many people walk away from a strategy because they didn’t make it they didn’t back test it they didn’t forward test it that when you get five days down they just leave

And like oh this isn’t going to work. While the reality is it’s it it will but you know, listen, not everyone’s going to split back test just like not everyone’s going to be profitable. You know, maybe back testing’s not for you. Maybe being profitable is not for you. So, it’s kind of to you if you want to put the time in, but a lot of questions came up. I figured I’d make this video. So, if you have any questions further than

This, find me on the live stream. I’m on there every single day. Ask questions and I’ll help you out.