Pinbar trailing stop strategy

Script from: TradingViewSwingPrice actionTrend followingReversalCandlestickPattern

This strategy triggers trades based on the pinbar pattern, setting take profits and stop losses as multiples of the pinbar's size. Long or short positions are opened according to the pinbar's direction, with take profits placed 'X' times above its high point, and stop losses 'X' times below its low point. Detailed implementation and source code are available at the provided GitHub repository.

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.

1,665backtests3 markets

36robust scoreranked median 52

0.46p-valueranked median 0.24

2/102pass 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 0.88 (p = 0.46), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

2 of 102 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.

0.88

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 1,665 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Transocean Ltd (Switzerland) NYSE:RIG	4H	+401%	3.01	52	17%
FTX Token / TetherUS BINANCE:FTTUSDT	4H	+173%	1.11	210	73%
Renault EURONEXT:RNO	4H	+149%	1.99	98	17%
Litecoin / TetherUS BINANCE:LTCUSDT	4H	+122%	1.10	321	62%
Coinbase Global, Inc. NASDAQ:COIN	2H	+101%	1.28	114	52%

⚠Selected after the fact: these are the best 5 of 1,665 runs, not what to expect from this strategy.

Is Pinbar trailing stop strategy profitable?

Not reliably, based on our tests. Across 1,665 backtests, 2 of 102 with more than 15 trades pass our quality gate. The best result is +401% on Transocean Ltd (Switzerland) (4H, 52 trades). On average, its results are statistically indistinguishable from chance (p = 0.46).

Strategies that passed our audit

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

Passed our auditPure Morning 2.0 - Candlestick Pattern Doji StrategyPrice action · Trend following

75/100robust score

10/113backtests pass quality gate

View backtests →Passed our auditBjorgum Double TapPrice action · Trend following

53/100robust score

0/31backtests pass quality gate

View backtests →Passed our auditIchimoku 4H crypto strategy -- LONG ONLYTrend following · Price action

74/100robust score

7/115backtests 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