Super Trend Daily BF 🚀 — Strategy by bennef
By bennef
Performance Metrics
- Author: bennef
- Symbol: BITMEX:XBTUSD
- Timeframe: 1 day
- Net P&L: +659,807.69 USD (+6,850.43%)
- Win Rate: 51.1%
- Profit Factor: 3.457
- Max Drawdown: 82,152.83 USD (12.00%)
- Total Trades: 45
- Sharpe Ratio: 0.576
Description
Oct 14, 2019Super Trend is based on volatility and attempts to show the overall greater trend of a market. Thanks to everget for the idea of improving the Super Trend code. Thanks to kiasaki for ROC code.The idea here is to enter a trade upon trend reversal (unless we have a white background - this indicates choppy/sideways market).INSTRUCTIONSFollow the background color for signals of a trend reversal.Bright green = longBright red = shortWhite = no tradeWe use a fixed stop loss here of 6% but I have included the option to apply an ATR based stop loss in Settings. No take profit. No re-entering until we get an opposing signal.I use a Rate of Change function to detect when we should stay out due to choppy sideways price action.This strategy was optimised for XBT/USD on Bitmex 1 day chart, ideal settings for other pairs will differ.Oct 15, 2019Release NotesAdded a switch for Longs and Shorts in settings. If you want only longs, turn off shorts. Vice versa.