Strategy to the test: Profit Maximizer PMax

TradingView indicator: Profit Maximizer PMax

How does it really perform?

Tested on 28-09-2020

Both MOST and SuperTrend Indicators are very good at trend following systems but conversely their performance is not bright in sideways market conditions like most of the other indicators. Profit Maximizer - PMax tries to solve this problem. PMax combines the powerful sides of MOST (Moving Average Trend Changer) and SuperTrend (ATR price detection) in one indicator. - Kivanc Ozbilgic

The strategy in StalexBot

Profit Maximizer PMax

The Profit Maximizer PMax is not hard to configure. The buy signal on the indicator appears when the 10 moving average (of the type you selected on the PMax, in this test we used Vidya), crosses above the PMax.

Backtest results

Once every 14 days we test a popular indicator on TradingView on historical data, to see how profitable running this indicator would have been. This week we test the Profit Maximizer PMax by KivancOzbilgic. We tested the Profit Maximizer PMax on multiple pairs and multiple timeframes:

Tested pairs

  • BTC/USDT
  • ETH/USDT
  • LINK/USDT

Tested timeframes

  • 30m
  • 1h
  • 2h
  • 4h

Backtest range

In our backtests for this series, we always test the same period for all pairs, to keep results comparable. We have selected the period of January 1st 2020 until June 30th for all our backtests, as they feature all kinds of market situations.

BTC/USDT backtest

30m backtest

1H backtest

2H backtest

4H backtest

BTC/USDT backtested from 01-01-2020 until 30-06-2020 on different timeframes

Timeframe
Strategy change
Strat vs market
Trades (won/lost)
Max drawdown
Download
30m
103.74%
75.65%
50 (21/29)
-27.08%
Download 30m strat
1h
-1.77%
-29.86%
39 (13/26)
-33.09%
Download 1h strat
2h
3.93%
-24.16%
24 (8/16)
-35.55%
Download 2h strat
4h
52.02%
23.93%
4 (2/2)
-12.69%
Download 4h strat

ETH/USDT backtest

30m backtest

1H backtest

2H backtest

4H backtest

ETH/USDT backtested from 01-01-2020 until 30-06-2020 on different timeframes

Timeframe
Strategy change
Strat vs market
Trades (won/lost)
Max drawdown
Download
30m
42.97%
-32.34%
62 (21/41)
-33.55%
Download 30m strat
1h
4.63%
-70.68%
40 (11/29)
-43.91%
Download 1h strat
2h
55.12%
-20.19%
16 (6/10)
-17.46%
Download 2h strat
4h
121%
45.69%
7 (4/3)
-26.26%
Download 4h strat

LINK/USDT backtest

30m backtest

1H backtest

2H backtest

4H backtest

LINK/USDT backtested from 01-01-2020 until 30-06-2020 on different timeframes

Timeframe
Strategy change
Strat vs market
Trades (won/lost)
Max drawdown
Download
30m
96.13%
23.07%
60 (20/40)
-38.51%
Download 30m strat
1h
64.22%
-8.84%
31 (11/20)
-35.48%
Download 1h strat
2h
26.02%
-47.04%
19 (7/12)
-51.33%
Download 2h strat
4h
70.69%
-2.37%
12 (7/5)
-42.98%
Download 4h strat

Conclusion

The PMax indicator by Kivanc Ozbilgic truly is a wonderful indicator. Even if it may not always beat the market, you will feel safe using this indicator, as the drawdowns you will see with PMax are often less when compared to drawdowns the market has. The combination of MOST and SuperTrend is a great find: as you see in the backtests, it finds a way to trail bigger moves, while still being able to react quickly to immediate trend changes. This makes it a perfect indicator to consider using in your trading strategy.

Take a look at another backtested strategy in this series:

What is StalexBot?

StalexBot is a trading bot that executes trade orders on your exchange based on the strategy you choose to run. It currently operates on Binance spot and Binance futures, as trading bots perform the best on platforms with high trading volume.

StalexBot helps you save valuable time by trading automagically with strategies, so your crypto account can grow while you sleep, work or do nice things!

Securely hosted

Your StalexBot runs on its own server and is always monitored by our team. The calculations the bot has to iterate require enough computing power, which we ensure by hosting the bot for you.

You're in control

The crystal clear user interface of StalexBot makes you instantly feel in control and know what is happening. You can easily change strategies and stop, start or restart your bot at any time.

Advanced strategies

Using our state of the art 3D strategy builder, you can build complex strategies in minutes and run just seconds after that. We're always there to help you to build your strategy too.

Powerful insights

View the performance of the bot per day in raw data and charts to see how it is performing. Using this information, you can decide to tweak your strategy and get the most out of it.

Device flexibility

StalexBot works perfectly on desktop, tablet and mobile phone. Leaving your workstation? Almost all features from the desktop version work on tablets and phones!

Telegram integration

Connect your StalexBot to a Telegram bot to keep you informed via the Telegram chat about positions opening and closing. Also use commands like /positions, /monitor and /balance!