Who Is It For?
Similar to WiseOwl 1.2.1 is perfect for new traders wanting a helping hand to get started.
Experienced traders looking for a reliable, time-saving assistant.
We focus on 2 simple settings:
Trading Mode: Choose your preferred strategy, such as Sport, Balanced, or Aggressive, tailored to match your trading style and risk tolerance.
Entry Timeframe: Select the ideal timeframe for your analysis and execution, ranging from 1 minute to daily charts.
1.Customizable Date Range
a. Select a specific time period for backtesting to evaluate historical performance accurately. b. Ensures users can tailor the strategy to suit different market conditions.
2. Trading Modes for Different Styles
b. Offers multiple predefined trading modes, such as Conservative, Eco, Balanced, Sport, and Aggressive. a. Adjusts key settings dynamically based on the selected mode.
3. Entry Signal Optimization
Entry Timeframe Flexibility: Choose from 1-minute to daily timeframes to match your trading style.
4. Advanced Risk Management
a. Dynamic Stop Loss (SL): Uses ATR to adjust stop-loss levels based on market volatility. b. Trailing Stop Loss: Automatically updates to lock in profits as the market moves in your favor. c. Allows users to manage trades more effectively, reducing risk in unpredictable markets.
5. Automatic Trade Execution
Integrates seamlessly with TradingView’s built-in strategy function to execute trades automatically during backtesting and forward testing.
6. Visual Feedback
Real-time alerts for key events, including: a. Entry signals (Buy or Sell). b. Exits at trailing Stop Loss levels. Keeps traders informed even when they are not actively monitoring the charts.
Enhanced Features with Backtesting Metrics
Proven Performance with WiseOwl Strategy providing you with real data, real results. Backtested performance metrics you can trust.
The WiseOwl Strategy provides enhanced backtesting metrics that offer traders valuable insights into its performance. Net Profit demonstrates the total profit generated during the backtesting period, showcasing the strategy's potential profitability in both monetary terms and percentages. Total Closed Trades reveals the number of trades executed, helping traders understand the strategy's activity level and manage capital effectively. The Percent Profitable metric highlights the percentage of winning trades, reflecting the strategy's consistency and reliability.
With a Profit Factor of 3.47, the strategy proves highly efficient, comparing total profits to total losses, where a value above 1 signifies profitability over time. Max Drawdown measures the largest loss from peak to trough, enabling traders to evaluate risk and capital preservation. The Average Trade metric indicates the expected return per trade, helping set realistic profit expectations. Lastly, the Average Number of Bars in Trades provides insights into the strategy's holding period, helping traders determine whether it's better suited for short-term or long-term trading. These comprehensive metrics ensure transparency, enabling traders to make informed decisions with confidence.
Easy To Read Signals
Transparency You Can Trust
Detailed backtesting metrics provide a clear view of the strategy's past performance, building confidence with every customer. See exactly how the strategy has performed in real market conditions.
Optimized Decision-Making
With insights like Max Drawdown and Profit Factor, you can easily align the WiseOwl Strategy with your risk tolerance and profit expectations. Choose a strategy that works for your trading goals.
Proven Performance
With a high success rate and consistent results, the WiseOwl Strategy delivers reliability you can count on. Make every trade with confidence, knowing the strategy has been tested and validated.
Customizable to Your Style
Whether you're a scalper or a long-term investor, our strategy adapts to your personal trading style. Tweak settings like timeframes or trading modes to achieve your unique financial goals.
Benefits of Displaying These Metrics:
1. Entry Signals:
Blue arrows indicate optimal entry points. These signals are based on a combination of dynamic market analysis, ensuring high-probability setups.
(Example: The blue arrows in the chart highlight precise entry opportunities.)
2. Exit Signals:
Purple arrows mark the exit points. They indicate when the price has reached a favorable profit level, or when it's best to exit based on trailing stop-loss settings.
(Example: The purple arrow shows a successful exit with a 22.73% profit.)
3.Performance Highlights:
Visual markers like profit percentages are overlaid directly on the chart, giving you instant feedback on trade performance.
(Example: The “+22.73% Profit” label simplifies profit tracking.)
Disclaimer: Lumanex provides tools and resources for informational purposes only. We do not offer financial advice or guarantees of performance. Trading involves significant risk; past results are not indicative of future outcomes. Use our products at your own discretion and responsibility.