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Bjorgum Double Tap

Script from: TradingViewSwingPrice actionBreakoutReversalPattern

The Bjorgum Double Tap strategy detects "M" or "W" shaped Double Tops and Bottoms, signaling entries on pattern breakouts with predefined take profit and stop orders. Utilize the zig-zag method for pattern recognition, setting your stop loss at the pattern's invalidation point and take profit at an equal-legs projection. You can refine your exits using ATR-based trailing stops, which can be adjusted for tighter control through user-defined parameters and integrated with exchange alerts for prompt execution.

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ 15 min

5.88

Risk Reward

43.50 %

Total ROI

17

Total Trades

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ 1 h

5.45

Risk Reward

324.42 %

Total ROI

16

Total Trades

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ 2 h

3.65

Risk Reward

106.61 %

Total ROI

16

Total Trades

NextEra Energy Partners, LP (NEP)

+ Bjorgum Double Tap

@ 1 h

2.89

Risk Reward

75.43 %

Total ROI

17

Total Trades

The AES Corporation (AES)

+ Bjorgum Double Tap

@ 5 min

2.81

Risk Reward

12.93 %

Total ROI

16

Total Trades

Tilray Brands, Inc. - Class 2 (TLRY)

+ Bjorgum Double Tap

@ 5 min

2.79

Risk Reward

54.85 %

Total ROI

18

Total Trades

Ford Motor Company (F)

+ Bjorgum Double Tap

@ 1 h

2.69

Risk Reward

66.56 %

Total ROI

16

Total Trades

Charles Schwab Corporation (The) (SCHW)

+ Bjorgum Double Tap

@ 5 min

2.32

Risk Reward

20.81 %

Total ROI

18

Total Trades

AMC Entertainment Holdings, Inc. (AMC)

+ Bjorgum Double Tap

@ 1 h

2.11

Risk Reward

691.63 %

Total ROI

16

Total Trades

Carnival Corporation (CCL)

+ Bjorgum Double Tap

@ 1 h

2.07

Risk Reward

35.93 %

Total ROI

16

Total Trades

OP / US Dollar (OPUSD)

+ Bjorgum Double Tap

@ 15 min

2.04

Risk Reward

28.07 %

Total ROI

18

Total Trades

PayPal Holdings, Inc. (PYPL)

+ Bjorgum Double Tap

@ 15 min

1.97

Risk Reward

29.03 %

Total ROI

17

Total Trades
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Active Trades

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Bjorgum Double Tap 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.

40
Backtests run
1.9
Avg profit factor
+52%
Avg net profit
+15%
Avg annualized return
21%
Avg max drawdown
0.15
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 89% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto741.4+21%20%0.18
Stocks1,6372.0+56%20%0.14
Forex1112%

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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