How do you backtest on TradingView?
Backtesting is a way to test if a trading strategy or setup would have made money in the past. A trader needs to backtest a strategy to determine if it’s likely to be profitable and worth the effort.
TradingView offers a very effective backtesting functionality. You can use its Strategy Tester tab to backtest strategies based on indicators.
This tool shows you how the strategy would have worked in the past. You can use the rewind tool to go back in time and look for trades from a year, month or week back. It also gives you a performance summary and details of each trade. There are 23 built-in strategies, and you can also make your own or use others shared by the TradingView community.
Can I access TradingView on mobile devices?
Yes, TradingView is available on both Android and iOS through its mobile app. The mobile TradingView app allows traders to monitor their trades, view charts, and perform analysis while on the go.
Where can I find tutorials and educational resources about using TradingView?
TradingView provides an extensive Help Center on its website, featuring tutorials, guides, and FAQs to help users navigate the platform efficiently. The TradingView community forum and blog also serve as valuable resources for information and perspectives shared by fellow traders.
How do I make TradingView dark?
You can choose whether to have light or dark charts and interfaces. To turn on the dark theme, click on your name at the top left corner of the chart. A drop-down menu will appear. The 5th item down on the menu says, “Dark Mode.” Click on this toggle, and the interface will go dark.
TradingView vs Autochartist
Traders can access TradingView independently of a broker by taking out a subscription. The cost ranges from free to US$59.95 per month. Other charting and analytical tools such as Trading Central and Autochartist can only be accessed via a broker’s platform. However, once you’ve joined the broker, you can then access the services provided by Trading Central and Autochartist for free.
One of the main advantages of TradingView over Autochartist is its ability to execute trades. While Autochartist can highlight a potential trade and give you information about possible changes, it is the trader who has the final say about opening and closing positions. With TradingView, by contrast, you can see the buy/sell button directly on your chart. You can also place limit or stop orders directly from your charts.
The other advantage of TradingView is that you can interact with other traders, follow their ideas or even post your own ideas – an option that is not available on Autochartist.