SuperC BF 🚀 — Strategy by bennef
By bennef
Performance Metrics
- Author: bennef
- Symbol: BITMEX:XBTUSD
- Timeframe: 1 day
- Net P&L: +621,148.68 USD (+6,031.28%)
- Win Rate: 31.0%
- Profit Factor: 3.265
- Max Drawdown: 70,912.80 USD (16.49%)
- Total Trades: 58
- Sharpe Ratio: 0.556
Description
Based on some code from noro and kiasaki - thank you.A Super Trend is a trend over a long period of time. There are lots of existing scripts that generate signals based on the overall direction of an instrument. What if we combined this idea with a measure of Money Flow and added a filter to try to avoid choppy sideways action?I started with a super trend foundation and added an MFI calculation to account for volume flowing into and out of the asset. Then added a Rate of Change function to stay out of trades when there is not much up/down movement.INSTRUCTIONSBright green background = go longBright red background = go shortCOLOR OVERVIEWA white background means we don't tradeA green background means we have a long conditionA red background means we have a short conditionThe cloud is green when we have a long condition, red when we have a short condition.The cloud is yellow if we should be in a long already but the current candle is not satisfying all long conditions.The cloud is orange if we should be in a short already but the current candle is not satisfying all short conditions.The line at the bottom is MFI - this is green when the current candle is greater than the last, red when it is less than the last.SIGNAL GENERATIONA long condition is when MFI > MFI[1] AND we are not in a choppy market AND when price is above the super trend.A short condition is when MFI < MFI[1] AND we are not in a choppy market AND when price is below the super trend.We use a fixed Stop Loss of 2% here on the daily timeframe for XBT/USD.If we get stopped out from a long and we still have the conditions for a long, we re-enter. Same for short.