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[Thread] ⚠️ Small warning about Bots/automated strategies on TradingView - even if you're not a developer some of you may be thinking of subscribing to someone's paid-for bot after seeing their apparently impressive results, you should read this first..
#bots #tradingview #ats
#bots #tradingview #ats
I've done fairly extensive research here: T.V.s backtester is a bit buggy making its backtest results questionable. These bugs can manifest in many spurious 'false positives' here's what I've found:
#1 Heikin-Ashi; this is a well known problem. HA candles can be useful in a bot's algo. But their Open & Close price is not the same as the *real* O & C and it's the HA values which T.V. uses to calculate profit & loss. It can be wildly wrong and produce runaway false positives.
Trying to cram as much chart data in a screen with the TSI and stoch RSI. First chart is a daily chart with 1d tsi basic settings and 3d stoch RSI. Second chart is weekly with basic tsi and stoch. $xbtusd $btcusd $btc #bitcoin 
Sorry for the crappy charting, I'm doing this in between things at work and can't access full trading view website for some reason. I'm trying to see where we are right now in this bear market compared to the bear market of 2013-2017. Price peaked at 1136 in Nov. 2013.
Then a two year bear market followed through all the way to January 2017. And for more than 3 months, we have a maximum buy opportunity period, where averaging down between 150-300$ had the maximum reward. This is what we are looking for right now.
