Heikin Ashi Supertrend — Strategy by jordanfray
By jordanfray
Performance Metrics
- Author: jordanfray
- Symbol: BYBIT:ETHUSD.P
- Timeframe: 4 hours
- Net P&L: +1,438.05 USD (+1,407.61%)
- Win Rate: 49.7%
- Profit Factor: 2.255
- Max Drawdown: 139.10 USD (20.23%)
- Total Trades: 147
- Sharpe Ratio: 0.312
Description
About this StrategyThis supertrend strategy uses the Heikin Ashi candles to generate the supertrend but enters and exits trades using normal candle close prices. If you use the standard built in Supertrend indicator on Heikin Ashi candles, it will produce very unrealistic backtesting results because it uses the Heikin Ashi prices instead of the real prices. However, by signaling the supertrend reversals using Heikin Ashi while using standard candle close prices for the entries and exits, it corrects the backtesting errors and gives you a more realistic equity curve. You should set the chart to use standard candles and then hide them (the strategy creates the candles). This strategy includes:Plotting of Heikin Ashi candlesHeikin Ashi SupertrendLong and Short Entry SignalsMove stop loss after trade is X% in profitProfit TargetStop LossBuilt in Alertatron automationAlertatron Trade Automation IntegrationFor Alertatron integration, be sure to configure the strategy settings and "Enable Webhook Messages" before creating an alert with {{strategy.order.alert_message}} in the body of your alert message. Be sure to enable webhooks and point it to your Incoming Alertatron webhook URL.NotesWhile this strategy does pretty well during trending markets, It's worth noting that the Buy and Hold ROI is much better during peak times of the bull marketNot financial advice. Do not risk more than you can afford to lose.