Configurable Stop and Target Backtesting Across Parameter Combinations

Summary

This indicator is a configurable backtesting and parameter-search tool. It can test stop-loss approaches such as trailing, volatility-based, chandelier, moving-average, and SAR stops, along with take-profit methods based on volatility or risk-reward. Users can choose long, short, or both directions, select a price source, set a historical testing window, and sort or filter results by measures including trade count, net profit, win rate, profit factor, and drawdown. It also offers example modes for pivot points and external sources or signals.

The script exposes ranges and increments for parameters, divides combinations into parts, and displays trade levels and summary statistics. Its own notes flag limitations: some automatic stop modes do not work as expected, and the test window is constrained by computation load and platform limits. The supplied document omits much of the source and reports no actual results. Parameter search can identify candidates, but the described outputs alone do not establish out-of-sample performance or guard against overfitting.

Key ideas

• The tool compares configurable stop-loss and take-profit methods across parameter combinations.
• Results can be sorted and filtered by several trade and risk statistics.
• Users can restrict tests by direction, price source, and historical window.
• The documentation acknowledges implementation limitations in some automatic stop modes.
• No strategy results or out-of-sample validation are provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.