HIGHER HIGH LOWER LOW STRATEGY

Script from: TradingViewLongTermPrice actionBreakoutTrend following

This strategy identifies market entries by pinpointing the breach of a previous high or low within a chosen lookback period. It incorporates a safety check formula to mitigate the risk of fake-outs. Recommended for use with regular candles and line charts, it requires fine-tuning of settings and time frame selection for optimal performance.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

740backtests3 markets

12robust scoreranked median 52

0.53p-valueranked median 0.24

0/47pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.68 (p = 0.53), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 47 backtests with more than 15 trades passes our quality gate.

Robust score

12/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

0.68

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 740 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Ford Motor Company NYSE:F	2H	+11,408%	1.69	115	44%
Marathon Digital Holdings, Inc. NASDAQ:MARA	1D	+3,891%	1.58	12	90%
Palantir Technologies Inc. NYSE:PLTR	2H	+745%	3.27	17	38%
Plug Power, Inc. NASDAQ:PLUG	1H	+728%	1.20	108	87%
XP Inc. NASDAQ:XP	2H	+602%	3.06	18	31%

⚠Selected after the fact: these are the best 5 of 740 runs, not what to expect from this strategy. Most have fewer than 60 trades, too few to separate skill from luck.

Is HIGHER HIGH LOWER LOW STRATEGY profitable?

Not reliably, based on our tests. Across 740 backtests, 0 of 47 with more than 15 trades pass our quality gate. The best result is +11,408% on Ford Motor Company (2H, 115 trades). On average, its results are statistically indistinguishable from chance (p = 0.53).

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