SME Backtesting [TFO]

2023년 5월 3일

This strategy script is an extension of my Smart Money Essentials (SME) indicator and aims to provide a simplified means of backtesting complex trade models that incorporate a variety of Smart Money Concepts.

Among other things, Smart Money Essentials contains logic for:
- Market structure
- Fair Value Gaps
- Order Blocks
- Breaker Blocks
- Optimal Trade Entries
- HTF Market Structure

The Confluence section can then be utilized to build and test trade models from any combination of the included factors. As a basic example, we could test a strategy that only utilizes market structure. With Manual Exit turned off, we would simply be flipping long on bullish market structure shifts, and reversing short on bearish market structure shifts for the duration of the user-defined session.



As one might expect, such a simple strategy isn't expected to produce very reliable results by itself. However, we could build on these ideas by adding extra layers of Confluence, like looking for entries where Market Structure aligns with Order Block interactions. We could also turn on Manual Exit with a 40 tick stop loss and 80 tick profit target (10 points and 20 points, respectively, for ES futures), for more defined exit criteria.



One could expand on these ideas by adding factors like Fair Value Gaps, HTF Market Structure, etc. Any of the core pieces of SME can be used to build and backtest strategies that would otherwise be extremely tedious to do by hand, and as the SME indicator grows, so too will this backtesting script. Ultimately, the purpose of this is to make Smart Money Concepts more objective and easily testable so that users may better understand where these concepts may perform best.

2023년 5월 16일

릴리즈 노트

v1.1.0
- Re-enabled the Liquidity setting, as it impacts the size of the Optimal Trade Entry auto-fib

2023년 5월 23일

릴리즈 노트

v1.1.1
- Fixed an issue where the Optimal Trade Entry wasn't being utilized

2023년 7월 7일

릴리즈 노트

v1.2.0
- Added Premium & Discount to the confluence section, in addition to OTE
- Added optional entry delay

2023년 7월 28일

릴리즈 노트

v1.3.0
- Breaker Blocks have been updated to act similarly to Order Blocks, with their boxes being extended until mitigated, rejections that can be filtered by the current trend, etc.
- Added optional Rejection Strength parameters to all relevant Confluence features, where previously the default was locked at 1

2023년 9월 16일

릴리즈 노트

Updates to Author's Instructions for access. No version change

2023년 10월 6일

릴리즈 노트

v1.4.0
- Added a Confluence option to Wait for Rejections. With this enabled, price must form a local swing high/low in the selected POI (if any) in order to meet the Confluence criteria. This can serve as additional confirmation to see if price is potentially respecting said POI
- Removed the Confluence threshold to avoid confusion. It is now automatically calculated based on the selected Confluence factors
- Bug fixes

2023년 10월 20일

릴리즈 노트

v1.4.1
- Bug fixes

2023년 11월 17일

릴리즈 노트

v1.5.0
- Added Timeframe Continuity (TFC) as a major feature and a Confluence option that may be used in conjunction with all other major indicator features

2023년 11월 17일

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v1.5.1
- Minor bug fixes regarding MTF Structure and TFC

2023년 11월 29일

릴리즈 노트

v1.6.0
- Added dynamic Stop Loss and Profit Target options, in addition to the original fixed values
- Removed Liquidity's dependency on Pivot Strength
- Improved FVG logic and Displacement Strength sensitivity

2023년 11월 30일

릴리즈 노트

v1.6.1
- Bug fixes regarding new dynamic Stop Loss and Profit Target options

7월 8일

릴리즈 노트

v1.7.0
- Added analysis tables and filters for Day of Week & Time of Day
- Added Liquidity and External Confluence options
- Added ability to test indicator presets

7월 9일

릴리즈 노트

v1.7.1
- Bug fix regarding table text color

8월 7일

릴리즈 노트

v1.8.0
- Added FVG inversions and OB mitigations as optional confluence factors

17시간 전

릴리즈 노트

v2.0.0
- Revamped to reflect upgrades from Smart Money Essentials v2.0.0