Confirmation Control
Confirmation Control settings are global and interact with Primary and Secondary Factions.
Last updated
Confirmation Control settings are global and interact with Primary and Secondary Factions.
Last updated
Specifies if signals will be fired upon confirmed candle closure or in real-time.
Confirmed signals are more reliable, but may delay entry/exit signals. Whereas, real-time signals are less reliable, but may provide more timely trade entries and exits.
All bot trading should be done on confirmed candles due to the possibility of signal repainting when using real-time data.
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 confirmation. This data will differ from backtest results obtained using the Pro Tester, which uses confirmed candles only. You will find more detail on backtesting Real-Time Confirmation Strategies in the Calculations Table section.
Sets the higher timeframe condition for all algorithms. If a higher timeframe other than ‘chart’ is set within an algorithm, the Master Higher Timeframe will not apply to that algorithm. The system uses the Higher Timeframe to determine the macro trend direction.
The Higher Timeframe trailer analyzes macro trends over 2000 candles at the resolution of the current timeframe in TradingView. For example, if a 1-minute chart is loaded, the maximum timeframe available for macro trend analysis would be 2000 minutes or 33.34 hours. In this case, if the Higher Timeframe is set to 12 hours, the maximum lookback period would be 2.78 candles, which is too short to allow trend analysis.
This example shows how the maximum lookback period must be considered when selecting a Higher Timeframe. The table below shows the maximum hours and days available at various current timeframes.
1 minute
33.34
1.29
5 minute
166.66
6.94
15 minute
500
20.84
30 minute
1000
41.67
1 hour
-
83.32
4 hour
-
333.33
12 hour
-
1000
Specifies if the Higher Timeframe trailer will analyze macro trends using confirmed candles or in real-time. This control allows confirmation type to be set independently for the higher and current timeframes.
Specifies the number of trends used to calculate Win Rate (%). The system will enter a Trading Halt if Win Rate (%) falls below the specified threshold. Win Rate (%) will be calculated in the background to determine when trading should resume.
Win Rate (Trends) also determines how many trends the Pro Trader will backtest and display in the Calculations Table.
0 = Win Rate (%) is not a technical requirement for trend prediction signals.
A value of 1 or more specifies the percentage Win Rate (%) required for signals to fire. If the Win Rate (%) falls below this value, the algorithm will enter a Trading Halt. No signals will be generated during a Trading Halt. Additionally, chart candles and the Calculations Table will appear grey. The system will continue to calculate Win Rate (%) in the background during a Trading Halt to determine when trading should resume.
Sets the percentage of a position to be closed when a Take Profit signal is generated. If set to 100%, the entire position is closed. If set below 100%, two or three incremental orders are created according to the Take Profit Units and Take Profit Mode settings in the Take Profit section. e.g. If Take Profit % = 60, Take Profit Mode = Manual, and Take Profit Units = 3, then:
20% of the position will be closed at Take Profit level 1
20% of the position will be closed at Take Profit level 2
20% of the position will be closed at the end of the trend.
See the Take Profit Order Size and Levels section for further details.
Sets the percentage of a position to be close when an exit signal occurs. Set to 0 to disable Scaled Exits or 100 to close a position entirely.
Scaled Exits can be used to close positions incrementally in order to secure profit. Settings to control the generation of exit signals are contained in the Scaled Exits section.
Specifies the percentage change in the counter-trend direction that will trigger the system to 'flip' a trend. If a drawdown exceeds this percentage after an entry signal is given, the system will interpret the trend as being in the opposite direction. This may prove useful in choppy market conditions or when trading based on acceleration indicators.
This setting should be engaged when using Ludicrous mode to force the reversal of trends already in the correct direction.
This experimental setting will reverse the direction of all trend signals. This may prove useful if a configuration is calling the majority of trends incorrectly.
Ludicrous mode should be used with Confirmation Type set to confirmed. Confirmation Surety % should also be activated to ensure trends in the correct direction trigger the appropriate signals.
When activated, ranging conditions will be signaled in real time instead of upon the close of confirmed candles. When the system enters Technical Ranging, a 'Ranging' signal is fired and chart candles and the Calculations Table will appear yellow.
Technical Ranging occurs when technical requirements are not met for the Pro Trader to fire trend signals. Numerous settings can contribute to this scenario. These will be indicated throughout this document.
Bull or bear trends end when the system enters a Technical Ranging condition. Consequently, Real-time Technical Ranging settings will affect profitability data shown in the Calculations Table, which assumes all trends are traded end-to-end.
Real-time Technical Ranging should be deactivated when bot trading due to the possibility of signal repainting. It should also be deactivated when backtesting strategies in the Pro Tester as TradingView does not support the examination of real-time data within candles.
When activated, Trading Halts will be signaled in real-time instead of upon the close of confirmed candles. No signals will be generated during a Trading Halt and chart candles and the Calculations Table will appear grey. This condition occurs if Win Rate (%) falls below the specified value or outside of user-specified Trading Hours.
Bull or bear trends end when the system enters a Trading Halt. Consequently, activating Real-time Trading Halt will affect profitability data shown in the Calculations Table which assumes all trends are traded end-to-end. Events that trigger Trading Halts are not susceptible to signal repainting, so this setting can remain activated when bot trading. However, Real-time Trading Halt should be deactivated when backtesting strategies in the Pro Tester as TradingView does not support the examination of data within candles.
This setting will not affect backtest data displayed in the Calculations Table or actual trades. Use the to backtest strategies that include risk management elements such as Take Profit.
The must be used to backtest strategies containing Scaled Exits as risk management elements are not reflected in Calculations Table data.