Last updated
Last updated
The Calculations Table displays data from the Pro Trader's built-in backtester. The setting in the section determines how many trends will be backtested. If Win Rate (Trends) is set to a very high value e.g. 5000, the Calculations Table will backtest a maximum of 10,000 or 20,000 periods (candles) for TradingView Pro+ and Premium subscribers respectively. In this situation, the date will be determined by the timeframe (candle resolution) loaded on the chart.
The Calculation Table assumes all trends were traded end-to-end. Risk management elements such as , , , and are therefore not included in profitability calculations. However, these can be included when backtesting strategies with the .
The Pro Trader calculates profitability based on an order size of one contract per trade e.g. 1 BTC or 1 ETH per trade. The percentages shown in the Calculations Table for , , and are relative to the price of one contract (asset price) at the time of backtesting. Order size and type can be customized when backtesting with the .
TradingView does not allow backtesting of data within candles. Consequently, the Pro Trader must use estimated trade entries when backtesting trends based on real-time . These conservative estimates are taken when 70% of a candle that produces a real-time trend signal is painted. Horizontal lines beside the candle mark the estimated entry price (see image below).
Estimated entries are only used for backtesting and do not influence the timing of real-time signals. Calculation Table data based on real-time trends will differ from backtest results obtained using the Pro Tester, which uses confirmed candles only.
Calculations table data should be considered a relative measure of strategy profitability and not a forecast of profit. The past performance of a strategy does not predict future performance as market conditions will vary.