Take profit Multi timeframe

Script from: TradingViewSwingTrend followingMomentumScalping

This strategy leverages a risk-reward management system allowing traders to take profits based on percentage gains or by hitting resistance levels on higher timeframes. A prominent feature is the use of the Wave trend indicator. The recent update includes bug fixes, label refreshments, and enhanced multitimeframe resistance settings for more precise exit points.

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.

2,135backtests3 markets

31robust scoreranked median 52

0.24p-valueranked median 0.24

4/155pass 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 1.75 (p = 0.24), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

4 of 155 backtests with more than 15 trades pass our quality gate.

Robust score

31/100, 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.

1.75

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,135 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
United Airlines Holdings, Inc. NASDAQ:UAL	2H	+18,237%	1.43	921	84%
ServiceNow, Inc. NYSE:NOW	4H	+1,882%	2.08	352	60%
Constellation Brands, Inc. NYSE:STZ	2H	+1,032%	1.52	685	44%
Huntington Bancshares Incorporated NASDAQ:HBAN	2H	+929%	1.28	792	64%
Expedia Group, Inc. NASDAQ:EXPE	1D	+810%	2.30	312	61%

⚠Selected after the fact: these are the best 5 of 2,135 runs, not what to expect from this strategy.

Is Take profit Multi timeframe profitable?

Not reliably, based on our tests. Across 2,135 backtests, 4 of 155 with more than 15 trades pass our quality gate. The best result is +18,237% on United Airlines Holdings, Inc. (2H, 921 trades). On average, its results are statistically indistinguishable from chance (p = 0.24).

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