T3 Explosive Moving Average BacktestA simple backtesting algorithm for my joke indicator T Explosive Moving Average
• Buys when it starts to ascend
• Sells when it starts to descend
• Switch the wires to reverse this logic
Some currencies show good results with 75 on daily, 65 (reverse wires) on 4h and 210 (reverse wires) on 1h
To be clear, this strategy has no stop-loss which leads to large drawdowns and unreliability of the backtesting data. It shows some performance but it is still a joke. And unless you like T3 moving average calculation, don't use it, perhaps.
Joke
WOW no repainting and no security() call! 100% real results!If you couldn't tell by the title, this is a joke lmao.
TV has an awful backtesting engine and I just wanted to prove this with a super simple script.
We buy when close > open
and sell when close < open.
That's it.
There is also some risk management and trade closing when we reach a certain drawdown, but wait!
TradingView doesn't know what equity drawdown is because they don't use tick data or any lower timeframe data! Wowow!
Ps - all tickdata for Forex & CFD historical data is free from Dukascopy if you want to perform your own backtesting ;)
Dukascopy Data
Enjoy
-DasanC
