of the pioneers of automated trading systems and computerized backtesting. So start with TradingView and see if it works for you. Automated If you want to do automated trading, then I would start with Metatrader. Order is perhaps the most flexible function as it can be used to both enter and exit positions. Curve fitting can give you false confidence that a trading system is much better than it really. Once you have a good grasp on the basics, the strange behaviour that you think you are seeing likely has a valid reason. Forex Tester looks like MT4, so it is easy to use. Even though the system is automated, you still need to check it on a regular basis. And there we have it I hope this provided an easy to follow overview of how to set a stop loss in pine-script.
An example below: The pros: No coding required You dont suffer from the look-ahead bias You can do it on demo without risking any real money The cons: If your trades are on the higher timeframe, it can take you months or even years. The idea is to hide the future data and go through the chart bar by bar, and objectively trade the markets (as though its live). We live in a great time. The order then sits there until it is triggered, expires or is cancelled. Of course, market conditions can change, but we will get into that in the section on the limitations of backtesting. In addition, it shall also show you how to plot the stop loss on the chart. So, you start looking for another trading strategy and the cycle rinse repeat itself. If you are new to trading, the minimum tick is the smallest amount that price can move from one level to another.
Backtesting forex tradingview