Automated Backtesting Tool for Trading Indicators

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Automated Backtesting Tool for Trading Indicators

Inspired by a conversation on:

AI Fire Daily

AI Fire Daily

#170 Max: How to Automate TradingView Indicators Without Coding (The Complete Guide)

Host: Max

Timestamp: 00:06:20 - 00:06:50

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Feather Flow

Direct Quote

"Click the strategy tester tab at the bottom of trading view. This is where reality hits you."

Market Gap

Traders often skip critical backtesting, leading to costly mistakes.

Many traders automate their strategies based on visually appealing indicators without rigorously backtesting them. This oversight leads to significant financial losses, as approximately 95% of visually perfect strategies fail when tested against real market data. Traders often lack the tools or knowledge to conduct thorough backtesting, which leaves them vulnerable to emotional trading decisions that can derail their performance. Without robust verification, traders may mistakenly trust the effectiveness of their strategies, resulting in wasted time and capital.

Summary

This business idea involves creating an automated backtesting tool specifically designed for traders using TradingView indicators. The tool would allow users to upload their Pine Script indicators and conduct comprehensive backtests to verify their profitability and performance metrics. By simplifying the backtesting process and providing detailed analytics, traders can make informed decisions before deploying their strategies. This service would target both novice and experienced traders who need reliable data to support their trading strategies, ultimately helping them mitigate risks and optimize their trading performance.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
High
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$3,000 - $6,000 MRR
Moderate (Most Likely)
$10,000 - $20,000 MRR
Optimistic
$30,000 - $50,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7.2/10
Found on October 4, 2025 • Analyzed on October 4, 2025 4:39 PM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your high difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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Similar Ideas

AI-Powered Automated Trading Strategy Builder

The business idea is to create an AI-powered platform that enables traders to automate their TradingView indicators without the need for coding skills. The platform would use AI tools to convert open-source Pine Script indicators into fully executable trading strategies. Users would simply need to input their chosen indicators, and the AI would handle the conversion and backtesting processes. This service would cater to both novice traders looking for automation and experienced traders wanting to optimize their strategies. The implementation would involve integrating with TradingView for real-time trading and using webhook functionality to automate trade execution based on the verified strategies.