Inspired by YouTube (again) I decided to backtest this strategy.
Here is my Triple Supertrend + Stoch RSI + 200 EMA v0.1 --
The Strategy : Uses the 3 supertrends. 200 EMA Stoch RSI
-- LONG -- * When over 200 ema and a Stoch RSI Cross happens below the oversold 20 then we wait for the 2 or 3 Supertrends to pass to green. -- SHORT -- * When under 200 ema and a Stoch RSI Cross happens above the overbrought 80 then we wait for the 2 or 3 Supertrends to pass to red.
NOTES : This was proven to be much better on manually backtesting. So, if you do spot a problem please DM me.
WARNING: - For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE. - Plots EMAs and other values on chart. - This script to change bars colors.
Release Notes
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Reset if 50 line is past.
Release Notes
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Set stop loss to one of the SuperTrend lines and Multiply by 1.5 for profit. To use this please use custom take profit in the settings.
@Professionaltrader101, i found 100% :) but not make much profit.... Damn if could change code this could be nice... as this can long trading sell and so make short buy!
Imperial_Peak
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thanks this helps clarify my suspicious with all these youtube traders lately. The "strategy" is for the bin. Spreads and Commission would destroy this.
torresbitmex
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This indicator has a bug in signal generation when the alert alarm is turned on. Although it did not enter the strategy test, there are cases where a signal is generated. I don't know if this is a repaint.