Calculating Optimal Stop Loss and Profit Target Levels for TradingView Strategy with Excel
QuantNomad
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In this video I show a simple example of how you can find optimal Stop Loss or Profit Target for your TradingView strategy using only Excel. It's a very simple example, I find best strategy by Net Profit but you can find optimal SL and PT also based on Sharpe, Profit Factor, Max Drawdown you just need to spend bit more time on Excel to implement these metrics.
Here you can find Excel file I created during this video: https://github.com/QuantNomad/research/blob/master/optimal_sl_pt_excel/Optimal_SL_PT_Example.xlsx
In this Video I show how you can export trades metrics to Excel: https://youtu.be/yRVLOE5d8yo ... https://www.youtube.com/watch?v=2t3rNARUSFo
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