Built-in auto-tester
Check the indicator settings and the strategy's potential profit before trading begins👇
I used to spend hours and days analyzing a new trading strategy, and at the moment of the trade there still wasn't any confidence...
Now I test any trading strategy and settings in just a couple of minutes! 🙌
Automatic testing of your trading strategy
The built-in auto-tester will instantly show how well the selected settings fit your trading strategy and will help adapt the indicators for maximum results.
Evaluation is conducted for the recent periods:
for lower timeframes - 1 month and 1 year
for higher timeframes - 3 months and 3 years
Table with auto-testing statistics
No golden grails - it shows the real picture for your trading strategy - the statistics include all losses from triggered stops!
Number of trades - all BUY, SELL signals and the total number for the specified periods
Number of stops - how many unsuccessful trades there were that hit the SL
Win Rate - the ratio of successful trades to the total number
Total profit - peak profit from successful trades
Total loss - losses from SL on all unsuccessful trades
Average potential - the averaged potential price movement per trade taking SL losses into account
Net - the cumulative P&L of the strategy (total profit minus total loss)
The auto-tester cannot decide for you when and how you will close trades. Peak profit values that were reached during successful trades are taken into account.
Marking on the chart
On the chart itself you can display all signals for all time and study the execution of each.
This is very important for building a trading system - look for patterns in historical data to capture the biggest market moves and reduce the number of noisy signals.
Frequently asked questions
What is the Win-rate of the signals
You have access to detailed statistics on signals, taking into account stop losses and peak profits from successful trades. Keep in mind that the real Win-rate depends on your trading strategy and experience! On how and where you will lock in profit, which signals you will enter and which you will skip!
How much will I earn - what % profit per year?
You can enable auto-testing mode and view the potential of trades and profits. Real profit depends only on you and no one else - if you don't follow risk management, you can lose the entire deposit on the first trade. The indicator is not a magical Grail and does not make decisions for you - it only helps to analyze charts correctly.
Why not configure parameters for closing trades and precise testing?
The indicator very accurately shows levels from which you can open a trade and the nearest zones of interest as 🧲, which pull the price only at the moment of the signal, but cannot foresee future circumstances - news, manipulations, political and economic changes, etc.
After opening a trade you must monitor it on an ongoing basis using the lower indicator, trying to determine as accurately as possible the best moment to get maximum profit.
How many take-profits to use, in what quantity, whether to enable trailing - at which moment, for what size and percentage of movement, whether to move the stop to breakeven after a certain take or not - it is simply impossible to display such complex closing logic in the indicator.
Why can't the indicator be made into a trading bot?
The whole essence of Midas is the best analysis tools in one window; I trade only manually.
Buy & Sell notifications must not be used as an independent signal to open a trade!
They are only needed for automatic alerts so you don't have to watch the charts for hours...
In other words, the indicator is a tool for manual trading.
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