Using Trading View for finding the best trades

L

Lord Darkseid

I was messing around with Trading View to find the best potential trades for the next trading day. I came across from this interesting strategy called Machine Learning: kNN-based strategy and an indicator called Smoothed Moving Average. I experimented with Apple and SPY today and it showed a win rate of 88% with Apple and SPY with a win rated of 83%. Have any of you guys had the same success with the indicator and strategy? Does this apply to the next trading day? I am skeptical about it but would like to hear your views on this before I take action on Monday.
 
Not a strat trader so can't comment beyond saying ... check out their Anchored VWAP indicator (I use settings of 0.618 / 1.0 / 1.618 for the bands). Here it is applied to Apple yesterday showing repeated buys could have been made on lowest level 1.618 during a choppy messy day! AVWAP is started on swing lows after IB initial balance.
! Apple AVWAP.png


Note you add additional AVWAP's to same chart. Starting one from 9:30am opening bell lines up similar to the one above, which increases probability of a successful trade if properly managed after entry.
 
How exactly is the winrate calculated? (You should be skeptical.)

For example... If price increased even 1 cent then drops a dollar that's prolly a winrate in their books.

Winrate is not important btw! The only thing that truly matters is that your winners are much bigger than your losers.
 
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