This is a well-known strategy by using 3 different Supertrends and a trend-defining EMA, feel free to play around with the settings, a backtest on 8h ETHUSDT pair brought some good results using the 233EMA and investing 75% of a 10k start capital
the idea is to have at least 2 super trends going green above the trend-EMA to go long and exit by turning 2 super trends red (idea: 1 super trend in red could initialize a take profit) shorts work vice versa The EMA shows in green for uptrends and in red for downtrends, if it is blue no Signal will be taken because the 3 super trends are not all above or below the trendline(EMA)
- Fixed a minor input error - Added ATR stoploss, and commented out the percentage stop loss - Added time window to backtest - Added exit on risk/reward is met - This version is only buy...wait for next update adding shorts and more
As always, thanks for your ideas, likes, and support. Feel free to mess around with the settings and give me your feedback.
its very good strategy sir. Thanks for sharing with us. Can you make changes for sell side also so that in downtrend also we can catch profit. thanks in advance.
Gionson
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Hello, it doesn't work with short positions, can you help? BTW very good job man
theasgard
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@Gionson, thank you for your feedback! Personally I'm short in time at the moment ;) It is planned to update this indicator in the future so it can handle shorts, too. Please be patient and give me some time.
Gionson
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@theasgard, yeah, i'm writing becouse it's a good script, but take few operation in an year
Babyfun
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Hey, i can't find indicator moonshot waves. Can you help me?
theasgard
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@Babyfun, you can't find it, because I never published this indicator. There is only one private instance. This here is about "ms hypertrender" as you can see in the description and in the code. Alternativly to moonshot waves you can use the "Firefly Oscillator by LazyBear" it gave me the idea to make moonshot waves ( and it looks like it gave the idea to marketcipher, too).