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

Script from: TradingViewLongTermScalpingTrend followingMomentumVolume

Strategy Myth-Busting #6 capitalizes on an automated approach to the "7% Profit Per Day" Scalping Strategy. It leverages adaptive PSAR, complemented with a 10-in-1 MA, Squeeze Momentum, and HawkEYE Volume Indicators. For long positions, PSAR below price, MA alignment, positive Squeeze Momentum, and green HawkEYE bars are required. Conversely, short setups demand PSAR above price, inverse MA positioning, negative Squeeze Momentum, and red HawkEYE bars, striving to outperform its manual predecessor.

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.

2,101backtests3 markets

10robust scoreranked median 52

0.49p-valueranked median 0.24

0/25pass 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 0.81 (p = 0.49), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 25 backtests with more than 15 trades passes our quality gate.

Robust score

10/100, 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.

0.81

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,101 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%
RNDR / US Dollar BINANCE:RNDRUSD	2H	+346%	4.18	17	78%

⚠Selected after the fact: these are the best 5 of 2,101 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 2,101 backtests, 0 of 25 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 = 0.49).

Strategies that passed our audit

Ranked strategies from the same family, ordered by robust score.

Passed our auditOBV PyrScalping · Trend following

71/100robust score

0/56backtests pass quality gate

View backtests →Passed our auditNifty & BN 2 Candle Theory Back Testing and Alert NotificationScalping · Trend following

60/100robust score

0/25backtests pass quality gate

View backtests →Passed our auditAndean ScalpingScalping · Trend following

55/100robust score

11/161backtests pass quality gate

View backtests →

Explore the best Trading & TradingView strategies

Stop trading blindly. Explore quality-gated backtests and improve your trading skills with data.

Start for free