Two-Bar Fib Retrace Strategy [Futures]: backtest on crypto, and how the rule works

Two-Bar Fib Retrace Strategy [Futures] at a glance

Kind of rule	Time of day (session and opening range)
Buys or sells	It can buy, and it can bet on falling prices.
Built on	ATR, Fibonacci, SMA, VWAP
Where it was published	TradingView, by its author, as a Pine Script strategy
Tested on	27 cells: 13 coins, October 2021 to June 2026, no fee
Cells that placed a trade	22 of 27
Middle result before fees	−0.1%
Cells above zero	6 of 22
Middle drawdown before fees	0.5%
Page updated	2026-11-08

Two-Bar Fib Retrace Strategy [Futures] backtest results, every cell

Every cell is in the picture, not only the strongest. To the right of the black line is above zero. The orange line, when you see one, is the middle.

Each bar is the middle result for that chart speed. The number in parentheses is how many cells. The black line is zero.

Each bar is a group of cells with a similar result. The number on a bar is how many cells landed there. Bars to the right of the black line finished above zero.

How Two-Bar Fib Retrace Strategy [Futures] works

Rules in this group usually work like this. It only acts during set hours, such as the London or New York morning. Crypto never closes, so those hours are a choice, not a fact of the market. The question is whether those hours behave the same way on more than one coin. The next paragraph is this particular rule, which can be narrower than the group.

It can buy, and it can bet on falling prices. It acts only when several checks agree at once. It leans on ATR, SMA, VWAP; those names are explained on their own pages, further down. The exact line is in the list below, in the author's names, and you can skip that list. When it enters, it also sets a stop or a target, so a trade can close without a new signal.

Each trade uses a fixed size of 1. It holds one trade at a time.

The exact condition, from the code

Same rule, translated from the code, in the author's names. You can skip this list if the paragraph above was enough.

Enters long when (impulse bull same or impulse bull mixed) and trend bull and bull wick in zone.
Enters short when (impulse bear same or impulse bear mixed) and trend bear and bear wick in zone.
On entry, places a stop at (the previous low − SL Offset Beyond Bar 2 Wick (points) (1)).
On entry, places a stop at (the previous high + SL Offset Beyond Bar 2 Wick (points) (1)).

Buys or sells	It can buy, and it can bet on falling prices.
Tools it calculates	ATR, Fibonacci, SMA, VWAP
A second chart speed	Yes. It also looks at a second chart speed.
Only at certain hours	Yes. It only acts during set hours.
Adding to a trade	It holds one trade at a time.
How much it trades	Each trade uses a fixed size of 1.
Cost the author assumed	The author assumed a trading cost of 2.5 per contract.

Default settings

The test used the defaults in the middle column. Nothing was turned to help a coin.

Setting	Default	Group
Min Body % of Range	0.5
SL Offset Beyond Bar 2 Wick (points)	1
Show SL Line	on
Show 50-61.8% Retrace Zone	on
Enable VWAP Trend Filter	on
Show VWAP Line	on
Volume MA Length	20
ATR Length	14
Show Signal Labels	on
Show Dashboard	on
Lookback Period	1 Week
Timeframe Limit	30
Label Size	Small
Show Labels	on
Show Session High/Low Levels	on
Show Mitigated Levels	off
Combine Overlapping Labels	on
Show True Day Open Line	on
Show Prev Week High/Low	on
Prev Week Style	Dotted
Show Previous Day H/L	on
Show Wednesday Levels	off
Show Tuesday Levels	off
Show Monday Levels	off

and 6 more settings, left at the author's defaults.

How the backtest was run

Every strategy was tried the same way, on the settings the author published.

The years are October 2021 to June 2026. The prices are from Bybit, for 13 widely traded coins, mostly on hourly, 4-hour and daily charts, with some faster charts. That was 47,242 tries. The window stored in the files is 2021-09..2026-06.

599 rules produced a finished try. A rule that finished above zero on at least 12 cells, before any fee, was tried again with a fee of 0.12 percent per side. Only buys are counted in that second try. 273 rules got it.

The method, the aggregate results and a downloadable table are on the study page. What the desk does with the results beyond these pages is its own.

Before any fee, it was tried on 27 cells. It placed a trade on 22 of them. 6 of the cells that traded finished above zero (27.3%).

It was not run a second time with a fee. That second pass happens only when at least 12 cells finished above zero before fees. 273 rules got that pass.

Cells tried	27
Cells that placed a trade	22
Finished above zero	6 (27.3% of the cells that traded)
Middle result, before fees	−0.1%
Strongest cell, the top of the range	BTC hourly: +50.0%
Weakest cell, the bottom of the range	ETH 4-hour: −1.1%
Middle drawdown, before fees	0.5%

Label: backtest · old prices, zero commission · Oct 2021 – Jun 2026. Hypothetical results; see the risk disclosure.

How to read the result

How to read the number

The median of every cell that traded is the result. No fee has been taken off, so the number is a ceiling. A fee comes off each trade, and this page does not guess that cost, because this rule did not get the second pass where the fee is applied. The weakest and the strongest cells are not a result on their own.

The middle drawdown, on the cells that traded, was 0.5%.

What this does not show

The useful question is whether the same hours work on other coins. Crypto has no closing bell, so the hour is a choice.

Nothing on this page was fit to the cell that finished highest. One coin, one chart speed, or one strong stretch is a single row. It is not the rule. Other years, another exchange, or another fee would be a different measurement.

Questions about Two-Bar Fib Retrace Strategy [Futures]

What is Two-Bar Fib Retrace Strategy [Futures]?

Two-Bar Fib Retrace Strategy [Futures] is a session and opening range trading strategy published on TradingView as a Pine Script. In plain terms it is a rule of the kind this site calls time of day. It can buy, and it can bet on falling prices. It is built on ATR, Fibonacci, SMA, VWAP. This page reads the rules from the code and reports what they did on old crypto prices.

How does Two-Bar Fib Retrace Strategy [Futures] work?

Is Two-Bar Fib Retrace Strategy [Futures] profitable in a backtest?

Before any fee, 6 of 22 cells that traded finished above zero, and the median of those cells was −0.1%. No fee has been taken off, so that number is a ceiling. The rule did not reach the second pass where a fee is charged on every trade.

Where can I find the Two-Bar Fib Retrace Strategy [Futures] script?

It is published on TradingView by its author. Search TradingView for the title to find the original script. This page is an independent reading and is not affiliated with the author.

What does backtest mean on this page?

Backtest means the rule was replayed on old prices from Bybit. No real money moved. Every number on this page carries that label, and old prices do not promise anything about new ones.

Words used on this page

Backtest: The rule was tried on old prices. No real money moved.
Cell: One coin on one chart speed. Bitcoin every 4 hours is one cell. Bitcoin once a day is another.
Chart speed: How often a new price bar is drawn. 15m means every 15 minutes, 1h means hourly, 4h means every 4 hours, 1D means once a day.
Fee, per side: A cost taken each time the rule trades. Per side means once on the way in and once on the way out.
Median: Line the cells up from the biggest loss to the biggest gain. The median is the middle one. Half the cells did better and half did worse.
Drawdown: The deepest fall from a high point along the way, as a percent of the account at that high.
Above zero: The account finished with more than it started.

The indicators Two-Bar Fib Retrace Strategy [Futures] uses

Each has its own page: what it measures, how it is read, where it misleads.

"Two-Bar Fib Retrace Strategy [Futures]" was published on TradingView by its author, under the author's own license. This page is an independent reading of those rules and of what they did on these old prices. It is not written with the author, and it is not a recommendation. Not every detail survives the translation onto this page, so read the original before you rely on it.

Two-Bar Fib Retrace Strategy [Futures]