CoinFlip Indicator + Strategy

Flip a coin every Monday.

Heads, go long. Tail, go short. Stoploss at 1 ATR, and Take profit at 1 ATR too. 1:1 risk to reward ratio.

After backtesting 2018, 2019, and 2020 with 28 major currency pairs. We are getting close to a 50% win rate with an 8% standard deviation.

Believe it or not, this simple performs better than lots of the popular indicators out there.

Don't believe me? Test it out yourself!!

Use this as a baseline for your backtest and expose all your other crappy indicators :)


As an indicator:
1. Use a daily chart
2. Green arrow below chart, go long, set a stop-loss at 1 x ATR, and take profit at 1 x ATR
3. Red arrow above chart, go short, set a stop-loss at 1 x ATR, and take profit at 1 x ATR

As an indicator:
1. In setting, set a year to test (default to 2020)
2. Go to the strategy tester and observe the stats

P.s. You can also set the period of the ATR to another value other than 14 periods.

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。