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TradeConfirmType - Each of the Epic indicators is a little different, but most of them provide an 'early entry' notification option, or a confirmed setup, and then a double confirmation.Trade Position: - This is to choose if you want to only show testing and strategy reports for buy/long, sell/short or both.This allows you to use one strategy on your charts without having to add/remove studies and strategies everytime you want to run some backtesting reports. You must first enable the setting to display backtesting. Enable Backtesting - Although you have added the thinkorswim epic indicator as a 'Strategy' and not just a study, you still have the ability to enable and disable backtesting.thinkorswim backtesting indicator basic settings This is because trading different stocks or futures really require different setups and small changes can extremely give you very different results.īelow I will cover the same general settings all of our indicators support, with minor tweaks or changes from indicator to indicator for anything specific to that specific functionality. So as we got started with each indicator we wanted to make sure we had the absolute best options for each indicator and backtesting.

If you have been looking around for indicators for a while, you know the biggest problem is that there are so many out there, majority are not documented, and even more important so many of them have not been backtested for a strategy to see if the results for buying and selling a stock would really (historically speaking) work as a successful strategy. we trade with them too! The only indicators we don't have backtesting for are the ones simply related to watchlists or for Epic Labels as these are extremely useful when trading but there really isn't a way to backtest against them.

We want to get the absolute best results because, well. Just got the new blog setup and wanted to start the first post off related to one of the most critical topics on indicators for thinkorswim or other platforms like Nina Trader.įor the most part all of our indicators are heavily backtested against multiple timeframes and multiple types of trades from stocks to futures etc.

Td ameritrade bearish credit stop loss thinkorswim