TFS: MBO Backtest — Strategy by HPotter
By HPotter
Performance Metrics
- Author: HPotter
- Symbol: CME_MINI:ES1!
- Timeframe: 1 hour
- Net P&L: +24,762.50 USD (+24.55%)
- Win Rate: 61.3%
- Profit Factor: 1.245
- Max Drawdown: 15,925.00 USD (12.42%)
- Total Trades: 351
- Sharpe Ratio: 0.282
Description
MBO indicator is the third component of TFS trading system. This indicator was developed by Bryan Strain and Mark Whitley. The idea of MBO is similar to moving average convergence/divergence (MACD) indicator. It is calculated by subtracting the 200-day moving average from the 25-day moving average. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.