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Not necessarily. You have probably seen the following disclaimer in many places: "Past performance is no guarantee of future results".

Just because backtesting shows that a strategy was profitable in the past, there is no guarantee whatsoever that it will continue to stay profitable in the future.

For more information on this subject, please see Investopedia's article on backtesting: Backtesting and Forward Testing: The Importance of Correlation .

If you base your live trading decisions on the information gathered from backtesting, please remember that you do it at your own risk.

Very unlikely. Many assume that if a trading strategy produces good results on a 1-hour Bitcoin / USD chart, the same strategy applied on a 30-minute Ethereum / USD chart will show similar results. However, this is rarely the case. Every market and chart timeframe will produce different backtesting results. One strategy showing positive backtesting results in one market may produce disastrous results in another market.

No. Each market and time frame requires different settings. Hence, it would not make sense to fine-tune any of the strategies, as everyone will be using them on various markets/timeframes.

The scripts use a combination of technical analysis indicators to decide whether it is a good time to enter a trade.

Once a position is open, it will be closed as soon as the take profit or the stop loss is hit (or if an early position exit condition becomes true).

Each script has its own set of indicators. Some use an EMA & ATR; others use Divergences & Stochastic RSI crosses.

The technical analysis indicators used in the strategies are all well documented on the internet.

We do not keep any of the indicators used secret. Every indicator is called by its well-known name. For further information please see the next question.

We build indicators that use well-known technical analysis algorithms for producing buy and sell signals. When you use our indicators, you will fully understand why it produced a buy or a sell signal.

Most companies that sell trading indicators online tend to provide traders with tools that function as a black box . A black box is a system that produces information without revealing anything about its inner workings. Once you add such an indicator to your chart, all you have to do is sit back and wait for the buy/sell signals to pop up. Once they show up, you have no idea why a particular signal appeared. This is because you don't know what algorithm the indicator uses to produce those signals; the company considers the algorithm proprietary. Because of this, people tend to think that the makers of such indicators possess knowledge that others don't. This is rarely the case, however. Instead, what usually happens is that they repackage well-known, decades-old technical analysis indicators (e.g. they rename Bollinger Bands' upper and lower bands to "Northern Cloud" and "Southern Cloud") and sell them as their own creation. Unsuspecting beginner traders buy into this apparent magic, and they assume they have found the Holy Grail of trading.

On the other hand, there are systems that are fully open & transparent, with their inner working entirely exposed to the user.

These are called white-box systems.

We at Whitebox Software believe in transparency. We believe that magic has no place on the charts. Technical analysis has no magic to it, after all. On a standard candlestick chart, there are five pieces of information available to everyone: the open, high, low, and close prices of each candle and the volume that was traded during those candles. Every technical analysis indicator sold on TradingView uses some or all of these values to suggest whether it considers a particular asset to be bullish or bearish.

The indicators and strategies we built all use a combination of well-known, documented, decades-old algorithms to produce their signals. We call each indicator by its name, so you don't have to wonder why the script decided to open a position.

No, the scripts are not open-source.