WVMTS INDICATOR offers you possibility to back test idea in NinjaTrader® Backtesting window and as well optimize trades so you get an (personal strategy).
Some interesting you tube vid’s that can be used in this step:
Interesting is that WVMTS INDICATOR offers you so many ideas what to trade, when and how.
You are also ready to implement trading idea into an automated trading system useing Ninja Trader platform
One maybe end up with some new strategies ..looking charts.. Maybe you spot for example that (Gap Up) after P7 works really well. (see BDGE stock, attached charts)
If you trade it in sync with a trend and maybe use options you can build up some small accounts ?!?
That is why i made this indicator Backtesting “friendly”
You can play with LineBreak , PointandFigure and Kagi chart
Attached also is an clip where you can see Strategy Analyzer testing P10 and P1010 patterns ( on SP500 stocks) 10y and 20y in the past
This is just an example and not a trading strategy or suggestion
You will see that there is no commission included and slippage..and off course, many more things need to be checked… accuracy of TP and SL spots ..on the very end an Walk Forward Optimization
That is far away from “true” testing but at least you made a first step in a whole process and you can know where you stand
First i did 20y and than 10y of backtesting which you will see in this very clip
You can do it for futures, stocks
I mainly test stocks and try to pair it with option trades
But with so many Patterns you have ton of possibilities
You can pair trades/entries with a trend ( trade just longs for example if W and D are in sync.)