Strategy Myth-Busting #1 - UT Bot+STC+Hull [MYN]

This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.

Our first one is an automated version of the "The ULTIMATE Scalping Trading Strategy for 2022" strategy from "My Trading Journey" who claims to have achieved not only profits but a 98.3% win rate. As you can see from the backtest results below, I was unable to substantiate anything close to that that claim on the same symbol (NVDA), timeframe (5m) with identical instrument settings that "My Trading Journey" was demonstrating with. Strategy Busted.

If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.

This strategy uses a combination of 3 open-source public indicators:

• UT Bot Alerts by QuantNomad
  
• STC Indicator - A Better MACD By shayankm
  
• Basic Hull Ma Pack tinkered by InSilico
  

Trading Rules:

5 min candles

Long

• New Buy Signal from UT Bot Alerts Strategy
  
• STC is green and below 25 and rising
  
• Hull Suite is green
  

Short

• New Sell Signal from UT Bot Alerts Strategy
  
• STC is red and above 75 and falling
  
• Hull Suite is red
  

Versionsinformation:

*** As represented by the backtesting results DO NOT use this strategy. This was purely developed and automated for educational purposes to validate such strategy ***


This is part of a new series we are calling "Strategy Myth-Busting" where we will take open public manual strategies and automate them, validating with TradingView's Backtesting engine.

Our first one is an automated version of the "The ULTIMATE Scalping Trading Strategy for 2022 gets 98.3% WIN RATE" strategy from My Trading Journey's YouTube channel.

If you know of or have a strategy you want to see on this new series of "Strategy Myth-Busting" or just have your own idea for one, Please feel free to message me.


This strategy uses 3 different indicators:

UT Bot Alerts by QuantNomad
STC Indicator - A Better MACD By shayankm
Basic Hull Ma Pack tinkered by InSilico


Trading Rules:

15 min candles

Long
New Buy Signal from UT Bot Alerts Strategy
STC is green and below 25 and rising
Hull Suite is green


Short
New Sell Signal from UT Bot Alerts Strategy
STC is red and above 75 and falling
Hull Suite is red