Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN]

Script from: TradingViewLongTermScalpingTrend followingMomentumVolume

Automating the claimed "7% Profit Per Day" Scalping Strategy on BTCUSD, we've enhanced accuracy by refining the Parabolic SAR settings and incorporating both Squeeze Momentum and HawkEYE Volume Indicators. The strategy operates on a 5m or higher timeframe, with long entries signaled by Parabolic SAR beneath price and a supportive MA and volume configuration, and shorts indicated by Parabolic SAR above price with inverse MA and volume criteria. Results surpassed initial testing, indicating potential for further optimization.

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.

2,103backtests3 markets

27robust scoreranked median 52

0.57p-valueranked median 0.24

0/29pass 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 0.64 (p = 0.57), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 29 backtests with more than 15 trades passes our quality gate.

Robust score

27/100, 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.

0.64

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,103 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
EGLD / TetherUS BINANCE:EGLDUSDT	4H	+8,769%	4.80	16	46%
Novavax, Inc. NASDAQ:NVAX	1H	+1,877%	3.28	13	70%
IMX / TetherUS BINANCE:IMXUSDT	2H	+726%	1.73	33	58%
Paramount Global NASDAQ:PARA	1H	+522%	1.77	16	45%
Enovix Corporation NASDAQ:ENVX	1H	+393%	2.10	13	46%

⚠Selected after the fact: these are the best 5 of 2,103 runs, not what to expect from this strategy. All have fewer than 60 trades, too few to separate skill from luck.

Is Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN] profitable?

Not reliably, based on our tests. Across 2,103 backtests, 0 of 29 with more than 15 trades pass our quality gate. The best result is +8,769% on EGLD / TetherUS (4H, 16 trades). On average, its results are statistically indistinguishable from chance (p = 0.57).

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