Multi-Timeframe Supertrend Strategy with Confirmations by dash2crash1
By dash2crash1
Performance Metrics
- Author: dash2crash1
- Symbol: BLOFIN:BTCUSDT.P
- Timeframe: 5 minutes
- Net P&L: +17.36 USD (+1.74%)
- Win Rate: 46.7%
- Profit Factor: 1.842
- Max Drawdown: 4.84 USD (0.48%)
- Total Trades: 60
Description
This is a multi-timeframe Supertrend strategy with a dual-exit system. In brief:Core Concept: Follow the trend using Supertrend as the primary engine.Entry:Long when Supertrend flips from red to green (bearish to bullish)Short when Supertrend flips from green to red (bullish to bearish)Filters (optional):RSI, EMA, and ADX confirmations to reduce false signalsExit (whichever comes first):Trailing stop loss (protects profits once price moves favorably)Opposite Supertrend signal (exits when trend reverses)Key Features:Works on any timeframe combination (e.g., use 1-hour Supertrend on 15-minute chart)Long/short direction can be toggled independentlyTrailing stop activates only after price moves a specified percentage in your favorIn essence: Ride the trend until either a protective stop triggers or the trend reverses, using higher-timeframe signals for cleaner entries.