Break even stop loss (% of instrument price)

Script from: TradingViewSwingTrend followingPullback

This strategy involves setting a stop loss at a predetermined percentage below the purchase price. Once the asset's price increases by this percentage, the stop loss is adjusted to the entry level, effectively reducing the potential loss to zero.

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.

2,105backtests3 markets

33robust scoreranked median 52

0.34p-valueranked median 0.24

1/144pass 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 1.17 (p = 0.34), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

1 of 144 backtests with more than 15 trades pass our quality gate.

Robust score

33/100, 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.

1.17

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,105 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
MicroStrategy Incorporated NASDAQ:MSTR	1D	+2,794%	1.84	128	48%
DraftKings Inc. NASDAQ:DKNG	2H	+881%	1.55	124	23%
FLOKI / TetherUS BINANCE:FLOKIUSDT	4H	+667%	1.32	155	53%
Credo Technology Group Holding Ltd NASDAQ:CRDO	4H	+551%	2.76	37	30%
E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1!	1D	+536%	2.65	112	24%

⚠Selected after the fact: these are the best 5 of 2,105 runs, not what to expect from this strategy.

Is Break even stop loss (% of instrument price) profitable?

Not reliably, based on our tests. Across 2,105 backtests, 1 of 144 with more than 15 trades pass our quality gate. The best result is +2,794% on MicroStrategy Incorporated (1D, 128 trades). On average, its results are statistically indistinguishable from chance (p = 0.34).

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