New: Backtesting Exit Controls (Strategy Tester)
We’ve added long-requested exit controls to the Strategy Tester so your backtests can exit a trade the moment a target is hit — or at the close of the candle where it’s hit. This lets you choose between immediate exits and candle-close exits when using Take Profit, Stop Loss, or Trailing Stop.
Want your backtest to match how Trading Bots exit?
Bots always evaluate exits after the candle closes. In the Strategy Tester, check the “After candle closes” box on any exit you want to mirror bot behavior.
What’s new:
- Immediate exit (unchecked): Exit triggers the moment price meets your rule.
- Candle-close exit (checked): Exit is evaluated at the end of the candle where the rule was met (matches Trading Bot logic).
Why it matters:
On higher timeframes (e.g., daily), intraday moves can hit targets and then fade. Immediate exits capture the first touch; candle-close exits capture the official close. Now you can test both approaches and see the impact on results.
How to use it:
- Open Strategy Tester → Conditions → Exit Conditions.
- Add Take Profit, Stop Loss, or Trailing Stop.
- Choose your style:
- Leave After candle closes unchecked for immediate exits.
- Check After candle closes to match Trading Bot behavior.
Example:
- A daily Take Profit at +10% is tagged intraday.
- Immediate exit: trade closes at the intraday tag.
- After candle closes (bot-match): trade closes only if the candle finishes with the target satisfied at close.
New Strat Smart Checklists
In addition to the new exit functionality described above, we’ve also added two new Smart Checklists to the default selections available to all TrenSpider users. They were specifically created with The Strat trading community in mind, and they’re called:
- Core Strat Patterns 3x
- Full Time Frame Continuity
A Smart Checklist is a widget option that is accessible through the ‘Sidebar’ button. Simply click the sidebar button, select ‘Add New Widget’, then select the ‘Smart Checklist’ option.
Next, click the drop-down menu in the Smart Checklist and search either ‘Core Strat Pattern 3x’ or ‘Full Time Frame Continuity’. Select the checklist you’d like and the conditions will load automatically.
Core Strat Patterns 3x automatically scans for the type of bar that’s occurring on the Daily, Weekly and Monthly time frames. Using this script, you can quickly know what pattern is being formed on every time frame you’re interested in without having to have all the time frames on your chart at once. The green boxes within the smart checklist denote which type of candle is forming on each time frame.
Full Time Frame Continuity is a very commonly sought-after pattern for traders of The Strat and is defined simply as at least four major time frames all showing the same type of candle, either red or green. When all the major time frames are in agreement, there is more confidence in the continuation of price in the direction of the candle color. For this preset checklist, we’ve included every major time frame, from the 1-minute to the monthly, so that a trade can know instantly which time frames are in continuity and which are not! For instance, in the image below, we can easily see that all but the 5m and 65m candles are green!
We hope you find these are two simple, yet resourceful updates helpful and we look forward to adding more functionality related to The Strat and instant alerts in the future!
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