SuperTrend BB Strategy [STB] by Shiroi-
By Shiroi-
Performance Metrics
- Author: Shiroi-
- Symbol: BINGX:BTCUSDT.P
- Timeframe: 5 minutes
- Win Rate: 38.8%
- Profit Factor: 0.463
Description
█ OVERVIEWSuperTrend BB Filter Strategy [STB] combines a standard SuperTrend with a Bollinger Bands SMA filter to reduce false signals in choppy markets.The core idea is simple — use the BB midline (SMA) to confirm trend direction first, then take SuperTrend signals only in that direction.█ HOW IT WORKSSuperTrend generates BUY/SELL signals based on ATR-derived trend lines. On its own, it tends to get whipsawed in ranging conditions.Bollinger Bands midline (SMA) acts as a trend filter:• Price above BB midline → long signals only• Price below BB midline → short signals onlyThis filters out a large portion of counter-trend noise.█ ENTRY / EXIT CONDITIONSLong Entry• SuperTrend flips bullish (direction change)• Close is above the BB midline (SMA)Short Entry• SuperTrend flips bearish (direction change)• Close is below the BB midline (SMA)Stop Loss : ATR(14) × multiplier from entry priceTake Profit: SL distance × Risk/Reward ratioAll signals trigger on confirmed bars only.█ DEFAULT SETTINGSSuperTrend• ATR Length : 10• Multiplier : 3.0Bollinger Bands• BB Length (SMA Filter) : 50• BB Multiplier : 2.0Risk Management• Stop Loss ATR Multiplier : 1.5• Risk/Reward Ratio : 1.5█ ALERTSThree alert conditions are available:• STB BUY/SELL — triggers on either signal (saves one alert slot)• STB BUY — long signal only• STB SELL — short signal onlyAlert messages include ticker and timeframe automatically.█ NOTES— This strategy is a fully original implementation. No external scripts or third-party code were used.— Backtested with commission 0.05%. Adjust in the Properties tab to match your broker.— Performed well on XAUUSD (Gold) Daily and Weekly timeframes in backtests.— Results vary by symbol and timeframe. Always verify on your target pair before live trading.— For better accuracy, confirm trend direction on a higher timeframe before entering on your target timeframe.