Profit Sniper Strategy Finder Quick Guide

Chome Extension to help you find the best settings for ProfitSniper Automatically

This tool will help you accelerate your work when finding, backtesting and finetuning multiple strategies for Profit Sniper 3.0 in TradingView by tweaking hundreds of different indicator's values automatically in the background.

Some traders using and supporting the tool:

@Jur_NL, @Hairo, @GimGack

For using this tool, you will need a license of Profit Sniper 3.0, the Ultimate Indicator Tool for Scalp and Swing Traders in all Markets.

Join a friendly Trading Discord community and a strong support team at www.profitsniper.com and check out their youtube channel. Disclaimer: I'm not affiliated with Profit Sniper Development Team. I'm just a fan and heavy user of this indicator.

Welcome to the world of profitable trading.

This tool will help you accelerate your work when finding, backtesting and finetuning multiple strategies for Profit Sniper 3.0 in TradingView by tweaking hundreds of different indicator's values automatically while you do other stuff.

ATTENTION: You should have basic knowledge on how Profit Sniper 3.0 works before using this tool effectively.

Credits to @ebola5114 for designing the amazing new UI

The extension contains some cool extra features like:

Random Numbers: Randomize the search within a set range of values. For example, in the image below, the finder will try 10 different random values among 100 and 200.

COPY TO PS: It will copy all the values in the BT Indicator to the ProfitSniper Indicator, including the dropdown fields, so you don't need to do it manually. To use it just open the main PS Indicator popup window and click "COPY TO PS" button.

Export to CSV: let you export all the results in a csv file.

1. INSTALLATION

Please visit this link in the Chrome Store:

https://chrome.google.com/webstore/detail/profit-sniper-strategy-fi/opdmehohhkdbnjihfleldcpjenmghobl

2. ENVIROMENT SETUP

To start using the PS Strategy Finder, you previously need to have added, selected and active the "BT Profit Sniper" indicator. And the Strategy Tester tab, with the Overview tab, enabled. The extension will open automatically the BT popup window if it is closed.

3. How to use the extension

Before using the extension, is utterly important that you set some correct initial values, according to the coin and market conditions. Things like Trading Mode, TP/SL format (dollar or percentage), Take Profit, Stop Loss, among others, should be selected first. Otherwise you will end up with random negative results and this extension won't add value to your Profit Sniper Strategies.

Setting the ranges

The extension can look for upto 3 different variables at the same time, but if you switch on RANDOM ITERATIONS option, you can run any number of variables at the time. In the above image, we are looking to backtest results for only the first 2 variables. Always use the format x-y. For example, numbers from 10 to 50 (10-50).

The bigger the range, the most time it will take. But you can change browser tab and the extension will keep working. Is advisable that when you change tab, you let the extension running on a separate browser window.

IMPORTANT: Depending on the memory ram you have, is not advisable to run more than 5k or 10k iterations each time. The amount of iterations depends on the current ram available. When you finish a large session, close the that tab and open a new one to flush memory.

You can click on "Extra Settings" switch, to show all other BT PS fields.

Increment Switch (Or working with decimal values)

There are certain occasions when you have to deal with decimals on some fields. For this, you can turn on the "Increment" switch and choose the decimals increments which should be calculated by the extension.

In the image above, the extension will look for values from 2 to 3 in incremeants of 0.1. For example: 2.1, 2.2, 2.3, etc. You can also use 0.01, which are used on some small value coins like XRP.

When using "Increment" switch for decimals, please be aware you need to follow some rules for using it correctly. Example:

For a 0.5-1.5 range, write 5-15

For a 1.1-2 range, write 11-20 — or 2-3.3 is 20-33

For a 12-15, write, 120-150 -— or 9.1-12.3 is 91-123

*This is only when using the Increment Switch.

Checking the results

Once your set ranges are selected, click the "RUN" button. The wider the ranges are, the more time it will take to backtest. For this reason, start with a small test range in one variable, to see how the extension works. For example "Entry Ribbon Length: 10-20".

See how the progress bar reaches 100%.

Once done, you can click the "RESULTS" button. Results will be ranked from the top best "Net Profit" results.

Clicking the ranking position number, will load the values used in the backtesting into the BT Profit Sniper popup window.

Once you're satisfied with the results in the BT, you can use the "COPY TO PS" function (only available in Premium), to send the strategy to the main PS indicator.

Changelog

v1.3 Added COPY TO PS function
v1.2.5 Fixed some bugs
v1.2 New redesigned GUI
v1.1 Added extra settings fields, Added "Increment" fields
v1.0 Initial version