About this Strategy This supertrend strategy uses the Heikin Ashi candles to generate the supertrend but enters and exits trades using normal candle close prices. If you use the standard built in Supertrend indicator on Heikin Ashi candles, it will produce very unrealistic backtesting results because it uses the Heikin Ashi prices instead of the real prices. However, by signaling the supertrend reversals using Heikin Ashi while using standard candle close prices for the entries and exits, it corrects the backtesting errors and gives you a more realistic equity curve. You should set the chart to use standard candles and then hide them (the strategy creates the candles).
This strategy includes:
Plotting of Heikin Ashi candles
Heikin Ashi Supertrend
Long and Short Entry Signals
Move stop loss after trade is X% in profit
Profit Target
Stop Loss
Built in Alertatron automation
Alertatron Trade Automation Integration For Alertatron integration, be sure to configure the strategy settings and "Enable Webhook Messages" before creating an alert with {{strategy.order.alert_message}} in the body of your alert message. Be sure to enable webhooks and point it to your Incoming Alertatron webhook URL.
Notes
While this strategy does pretty well during trending markets, It's worth noting that the Buy and Hold ROI is much better during peak times of the bull market
Not financial advice. Do not risk more than you can afford to lose.
Great work! Lengthy code, but like the Heiken Ashi plus ATR. :)
Master_Harmonic_Trader
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please i want a version for this strategy without average price for both long and short positions ! . i want it to open a single trade at one time , either one long or one short
lakshmanand88d
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Nice
aboali61091
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hi
MKDAS82
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not showing
defigate
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Hello, do i have to replace anything inside the alert message to {{strategy.order.alert_message}} when using alertatorn, right?
Its not showing backtesting results.