Pullback Strategy (Candle Analysis) New Version

Script from: TradingViewSwingPullbackTrend followingMomentumCandlestick

The Pullback Strategy (Candle Analysis) New Version utilizes candlestick patterns indicating a pullback for entry signals. Entry is made within two candles post-confirmation at 16:00. A tighter stop loss is set at 0.25 ATR, while take profit employs a 1.5 risk-reward ratio. The strategy filters trades using a 200 EMA, ensuring bullish scenarios above the moving average. For backtesting uptrends, a specific time filter is applied. The strategy is best applied in uptrends for higher efficiency and recommended to combine with technical analysis for additional confluence. Avoid usage during downtrends to prevent a decrease in win rate. Manual trade management is advised for potential profit extensions, with a consideration for pyramid trading based on R-Expectancy values and discretionary profit-taking above R1.5 targets.

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.

2,095backtests3 markets

36robust scoreranked median 52

0.36p-valueranked median 0.24

2/174pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

–

Repainting audit

Not run yet.

✓

Script availability

Closed-source, still published on TradingView.

Statistical edge

Average t-statistic 1.19 (p = 0.36), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

2 of 174 backtests with more than 15 trades pass our quality gate.

Robust score

36/100, 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.

1.19

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,095 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Carnival Corporation NYSE:CCL	1D	+1,234%	1.94	154	29%
United Airlines Holdings, Inc. NASDAQ:UAL	1D	+731%	2.41	151	32%
Unity Software Inc. NYSE:U	1H	+693%	1.67	349	32%
Transocean Ltd (Switzerland) NYSE:RIG	1D	+579%	1.91	171	43%
Novavax, Inc. NASDAQ:NVAX	4H	+464%	1.24	255	62%

⚠Selected after the fact: these are the best 5 of 2,095 runs, not what to expect from this strategy.

Is Pullback Strategy (Candle Analysis) New Version profitable?

Not reliably, based on our tests. Across 2,095 backtests, 2 of 174 with more than 15 trades pass our quality gate. The best result is +1,234% on Carnival Corporation (1D, 154 trades). On average, its results are statistically indistinguishable from chance (p = 0.36).

Strategies that passed our audit

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

Passed our auditIchimoku 4H crypto strategy -- LONG ONLYTrend following · Momentum

74/100robust score

7/115backtests pass quality gate

View backtests →Passed our audit1 minute crypto strategy (MTF ZigZag)Pullback · Trend following

81/100robust score

5/83backtests pass quality gate

View backtests →Passed our auditPure Morning 2.0 - Candlestick Pattern Doji StrategyTrend following · Momentum

75/100robust score

10/113backtests 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