Supertrend By GemScope — Strategy by GemScope
By GemScope
Performance Metrics
- Author: GemScope
- Symbol: BYBIT:PIEVERSEUSDT.P
- Timeframe: 5 minutes
- Net P&L: +4.05 USDT (+0.42%)
- Win Rate: 32.9%
- Profit Factor: 0.988
- Max Drawdown: 135.60 USDT (12.17%)
- Total Trades: 246
Description
Supertrend by GemScope – Strategy SummaryThis is an **automated trading strategy (Pine Script v5)** based on the **Supertrend indicator**, enhanced with **EMA filtering**, **percentage-based stop loss**, and **visual trade analytics**.---### 🔹 Core Strategy Logic* Uses **Supertrend (ATR-based)** to detect market trend direction* Trades **trend reversals and confirmations*** Works on **both long and short positions**, or restricted to one side---### 🔹 Trade Direction Options* **Both Long & Short*** **Long Only*** **Short Only**---### 🔹 Entry Conditions#### 🟢 Long Entry* Supertrend flips to **bullish*** OR price crosses **above EMA 200*** Long trades are allowed by settings* If enabled: **price must be above EMA 200*** Supertrend must confirm **uptrend**#### 🔴 Short Entry* Supertrend flips to **bearish*** Short trades are allowed by settings---### 🔹 Position Sizing* Trade size is defined in **USD*** Quantity is calculated automatically based on market price* Quantity rounding is user-configurable---### 🔹 Stop Loss (Risk Management)* **Fixed percentage stop loss*** Automatically placed after entry* Works for both long and short positions* No take-profit levels (trend-based exits instead)---### 🔹 Exit Logic* **Short positions close** when: * Supertrend turns bullish * Price moves above EMA 200* **Long positions close** when: * Supertrend gives a short signal---### 🔹 Trend Protection* Optional protection to **avoid closing shorts prematurely below EMA 200*** EMA 200 acts as a **trend filter and support/resistance**---### 🔹 Visual Features* **EMA 200** plotted on chart* **Supertrend line** with color-coded direction* Real-time **entry & P&L labels** displayed on the right side* Indicator dashboard (RSI, MACD, ADX, ATR) shown in a table---### 🔹 Indicator Table Purpose* Shows **market strength and bias*** Helps identify whether **long or short positions are favored*** Uses: * RSI (momentum) * MACD (trend direction) * ADX (trend strength) * ATR (volatility)---### 🔹 Overall ObjectiveThis strategy is designed to:* Trade **strong trends*** Filter false signals using EMA 200* Control risk with **strict percentage stop loss*** Provide **clear visual feedback** for decision-making