BigBeluga - Backtesting

The Backtesting System (SMC) is a strategy builder designed around concepts of Smart Money.

What makes this indicator unique is that users can build a wide variety of strategies thanks to the external source conditions and the built-in one that are coded around concepts of smart money.

🔶 FEATURES

🔹 Step Algorithm

Crafting Your Strategy:

You can add multiple steps to your strategy, using both internal and external (custom) conditions.

Evaluating Your Conditions:

The system evaluates your conditions sequentially.
Only after the previous step becomes true will the next one be evaluated.
This ensures your strategy only triggers when all specified conditions are met.

Executing Your Strategy:

Once all steps in your strategy are true, the backtester automatically opens a market order.
You can also configure exit conditions within the strategy builder to manage your positions effectively.

🔹 External and Internal build-in conditions

Users can choose to use external or internal conditions or just one of the two categories.

Build-in conditions:

• CHoCH or BOS
  
• CHoCH or BOS Sweep
  
• CHoCH
  
• BOS
  
• CHoCH Sweep
  
• BOS Sweep
  
• OB Mitigated
  
• Price Inside OB
  
• FVG Mitigated
  
• Raid Found
  
• Price Inside FVG
  
• SFP Created
  
• Liquidity Print
  
• Sweep Area
  

Breakdown of each of the options:

• CHoCH: Change of Character (not Charter) is a change from bullish to bearish market or vice versa.
  
• BOS: Break of Structure is a continuation of the current trend.
  
• CHoCH or BOS Sweep: Liquidity taken out from the market within the structure.
  
• OB Mitigated: An order block mitigated.
  
• FVG Mitigated: An imbalance mitigated.
  
• Raid Found: Liquidity taken out from an imbalance.
  
• SFP Created: A Swing Failure Pattern detected.
  
• Liquidity Print: A huge chunk of liquidity taken out from the market.
  
• Sweep Area: A level regained from the structure.
  
• Price inside OB/FVG: Price inside an order block or an imbalance.
  

External inputs can be anything that is plotted on the chart that has valid entry points, such as an RSI or a simple Supertrend.

• Equal
  
• Greather Than
  
• Less Than
  
• Crossing Over
  
• Crossing Under
  
• Crossing
  

🔹 Direction

Users can change the direction of each condition to either Bullish or Bearish. This can be useful if users want to long the market on a bearish condition or vice versa.

🔹 Build-in Stop-Loss and Take-Profit features

Tailoring Your Exits:

Similar to entry creation, the backtesting system allows you to build multi-step exit strategies.
Each step can utilize internal and external (custom) conditions.
This flexibility allows you to personalize your exit strategy based on your risk tolerance and trading goals.

Stop-Loss and Take-Profit Options:

The backtesting system offers various options for setting stop-loss and take-profit levels.
You can choose from:

• Dynamic levels: These levels automatically adjust based on market movements, helping you manage risk and secure profits.
  Specific price levels: You can set fixed stop-loss and take-profit levels based on your comfort level and analysis.
  
  Price - Set x point to a specific price
  
• Currency - Set x point away from tot Currency points
  
• Ticks - Set x point away from tot ticks
  
• Percent - Set x point away from a fixed %
  
• ATR - Set x point away using the Averge True Range (200 bars)
  
• Trailing Stop (Only for stop-loss order)
  
  🔶 USAGE
  
  Users can create a variety of strategies using this script, limited only by their imagination.
  
  
  1. Long entry : Bullish CHoCH after price is inside a bullish order block
     
  2. Short entry : Bearish CHoCH after price is inside a bearish order block
     
  3. Stop-Loss : Trailing Stop set away from price by 0.2%
     
  
  
  
  
  Example below using external conditions
  
  
  1. Long entry : Bullish Liquidity Prints after bullish CHoCH
     
  2. Short entry : Bearish Liquidity Prints after Bearish CHoCH
     
  3. Long Exit : RSI Crossing over 70 line
     
  4. Short Exit : RSI Crossing over 30 line
     
  5. Stop-Loss : Trailing Stop set away from price by 0.3%
     
  
  
  
  
  🔶 PROPERTIES
  
  Users will need to adjust the property tabs according to their individual balance to achieve realistic results.
  
  An important aspect to note is that past performance does not guarantee future results. This principle should always be kept in mind.
  
  🔶 HOW TO ACCESS
  
  You can see the Author Instructions to get access.