BTC WaveTrend R:R=1:1.5

Script from: TradingViewSwingMomentumMean reversionTrend following

This strategy leverages the Wavetrend indicator by Lazy Bear to initiate long positions when Wavetrend1 crosses over Wavetrend2, given they are below an established threshold to avoid overbought conditions. A stop loss is placed at the lowest of the last three bars with a risk to reward ratio set at 1:1.5.

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.

2,291backtests3 markets

33robust scoreranked median 52

0.17p-valueranked median 0.24

10/217pass 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 1.92 (p = 0.17), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

10 of 217 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.

1.92

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,291 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Newmont Corporation NYSE:NEM	1D	+6,280%	1.19	562	55%
Freeport-McMoRan, Inc. NYSE:FCX	4H	+4,468%	1.26	525	61%
Datadog, Inc. NASDAQ:DDOG	2H	+1,675%	1.50	243	34%
Energy Transfer LP NYSE:ET	4H	+939%	1.38	334	70%
Newmont Corporation NYSE:NEM	1H	+917%	1.32	790	29%

⚠Selected after the fact: these are the best 5 of 2,291 runs, not what to expect from this strategy.

Is BTC WaveTrend R:R=1:1.5 profitable?

Not reliably, based on our tests. Across 2,291 backtests, 10 of 217 with more than 15 trades pass our quality gate. The best result is +6,280% on Newmont Corporation (1D, 562 trades). On average, its results are statistically indistinguishable from chance (p = 0.17).

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