Strategy Multiple Orders + Statistics Template - Educational

Script from: TradingViewSwingPrice actionTrend followingCandlestickPattern

This educational strategy template by Dave integrates multiple take-profit and stop-loss levels with custom statistics. Inspired by Fikira and CarnageCain, it allows users to define up to 4 trades per trend, each with its own SL/TP. The strategy calculates and displays probabilities of win/loss, average profit/loss, APPT, and the frequency of TP/SL hits, providing valuable insights for traders.

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.

1,649backtests3 markets

18robust scoreranked median 52

0.21p-valueranked median 0.24

4/84pass quality gatebacktests >15 trades

Audit details

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

✓

Repainting audit

7 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

✓

Statistical edge

Average t-statistic 2.18 (p = 0.21), above the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

4 of 84 backtests with more than 15 trades pass our quality gate.

Robust score

18/100, 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.

2.18

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 1,649 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Bank of America Corporation NYSE:BAC	4H	+664%	1.25	1,059	50%
HENRY HUB NATURAL GAS FUTURES NYMEX:NG1!	1D	+639%	1.10	1,024	50%
Citigroup, Inc. NYSE:C	1D	+532%	1.26	969	60%
iPath Series B S&P 500 VIX Short-Term Futures ETN AMEX:VXX	1H	+404%	1.15	1,893	51%
Snap Inc. NYSE:SNAP	1D	+391%	1.32	285	52%

⚠Selected after the fact: these are the best 5 of 1,649 runs, not what to expect from this strategy.

Is Strategy Multiple Orders + Statistics Template - Educational profitable?

Not reliably, based on our tests. Across 1,649 backtests, 4 of 84 with more than 15 trades pass our quality gate. The best result is +664% on Bank of America Corporation (4H, 1059 trades). On average, its results are statistically indistinguishable from chance (p = 0.21).

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