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2x take profit, move stop loss to entry

Script from: TradingViewSwingMomentumVolatilityTrend following

Implement a dual take profit approach where the initial profit target secures gains and adjusts the stop loss to the break-even point. This tactic employs Bollinger Bands for volatility and Stochastic indicators for momentum, with annotations for crossovers. The second profit target aims for extended gains, with the trade exiting at either the second target or the adjusted stop loss.

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Premium users can access all backtests with a profit factor above 3

@ 4 h

5.06

Profit Factor

42.54 %

Total ROI

18

Spectral AI, Inc. (MDAI)

+ 2x take profit, move stop loss to entry

@ 15 min

2.23

Profit Factor

123.33 %

Total ROI

19

New Zealand Dollar/U.S. Dollar (NZDUSD)

+ 2x take profit, move stop loss to entry

@ DailyTradeSearcher backtest

1.58

Profit Factor

77.93 %

Total ROI

70

E-MINI RUSSELL 2000 INDEX FUTURES (RTY1!)

+ 2x take profit, move stop loss to entry

@ 1 h

1.43

Profit Factor

104.64 %

Total ROI

281

Euro Fx/U.S. Dollar (EURUSD)

+ 2x take profit, move stop loss to entry

@ 4 hTradeSearcher backtest

1.42

Profit Factor

56.62 %

Total ROI

284

Viatris Inc. (VTRS)

+ 2x take profit, move stop loss to entry

@ 1 h

1.37

Profit Factor

64.21 %

Total ROI

233

Viatris Inc. (VTRS)

+ 2x take profit, move stop loss to entry

@ 1 h

1.37

Profit Factor

64.21 %

Total ROI

233

Australian Dollar/U.S. Dollar (AUDUSD)

+ 2x take profit, move stop loss to entry

@ DailyTradeSearcher backtest

1.32

Profit Factor

30.46 %

Total ROI

74

U.S. Bancorp (USB)

+ 2x take profit, move stop loss to entry

@ 1 h

1.31

Profit Factor

32.58 %

Total ROI

222

Ford Motor Company (F)

+ 2x take profit, move stop loss to entry

@ 1 h

1.27

Profit Factor

39.79 %

Total ROI

250

PSQ Holdings, Inc. (PSQH)

+ 2x take profit, move stop loss to entry

@ 15 min

1.25

Profit Factor

557.60 %

Total ROI

153

Snowflake Inc. (SNOW)

+ 2x take profit, move stop loss to entry

@ 15 min

1.24

Profit Factor

280.62 %

Total ROI

209

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2x take profit, move stop loss to entry backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as swing by holding period.

62
Backtests run
1.2
Avg profit factor
+57%
Avg net profit
+16%
Avg annualized return
39%
Avg max drawdown
0.10
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 78% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto701.0+7%62%0.06
Stocks1,5021.2+58%40%0.09
Forex1221.3+41%27%0.08

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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