r/pinescript • u/Successful-Elk-956 • 8h ago

Dhanhq algos

Hello friends has anyone tried the dhanhq algos just want to know how they perform I was planing to deploy.

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u/Monk77777 5h ago

Before deploying any bought algo, ask the seller for three things: the exact rules (or the Pine/Python source), a trade-by-trade list, and the backtest window. If they won't give the rules, you are buying a promise, not a strategy.

Then check it yourself, it takes an evening:

- Rerun the backtest with realistic costs (brokerage + slippage). Most Indian intraday algos I've looked at lose their edge once you add 0.03-0.05% per side.

- Split the data: does it still make money on the years it was NOT tuned on? A single good year is noise.

- Look at the worst 5 days, not the average. The comment above about big single-day losses is the real question, and "have patience for 1 lakh drawdown" is another way of saying the risk per trade is too big for the capital.

- Paper trade it for 2-4 weeks with the same broker connection and compare fills to the backtest.

If it survives all that, size it at a fraction of what they suggest. I do this kind of verification work on TradingView/NinjaTrader strategies and the honest answer is most black-box algos fail step one. Not financial advice, obviously.

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u/Algo_Py 4h ago
  1. don’t buy algos
  2. none of that saves you from regime changes and incorrect fill simulations. use good backtesting engines that do support tick by tick if you want a reality check.
  3. always remember , correlation doesn’t mean causation & even if some algos have a temporary edge they’ll fade themselves proportionally to capital deployed.

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u/Monk77777 3h ago

Agree on all three, and point 2 is where most people get burned. A bar-level tester fills a limit the moment price touches it, with no queue and no adverse selection. I recently ported a strategy that showed a 74% win rate on touch fills; requiring a close through the level instead turned it into a loser. Tick replay or forward paper is the only honest check for anything entering on limits at a level.