@charts4u I use tradingview(TV) pine script for backtesting. You will find pinescript towards the bottom of TV & you can code your strategies for any script. Enter your code, save it & add it to the chart. If you are code is right, you will see the results in the strategy tester
Sample code to get you started. You can take it forward from here. DM me if you need any help! I am not have answers to complex strategies - I am new to programming and learning ;)
With a small tweak to this strategy, you can avoid fake breakouts. But, I'd leave that to you to figure out your way!
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- If everyone is talking about it on social media and it has already broken out
- If a stock has moved up already for the last few days
- If a stock is up more than 10% already from breakout zone
- If your SL is deep
2⃣ Enter only on breakout & nowhere else if you're trading breakouts...
Buy only…
- above breakout zones (no entry in no-man land)
- above a key resistance zone after a stock consolidates
- 1-2% above resistance zone
- Identify entry points(set alerts on TV/set GTT in zerodha)