Bitcoin Supertrend Entries Filtered by EMA and Optional ADX

Summary

This Bitcoin trend-following script enters when the Supertrend direction flips, using a long entry only when price is above a long-term exponential moving average and a short entry only when it is below. An optional ADX filter requires trend strength to exceed a chosen threshold. The settings also include optional stop-loss and take-profit controls, plus chart color and marker options.

The excerpt supplies parameter defaults and shows assumptions for an hourly strategy, including position sizing, commission, and slippage. It contains no strategy report or measured results, and the source ends mid-execution section, so the complete exit behavior cannot be established from the supplied text. ADX filtering and risk orders are optional rather than necessarily active. The setup is a rule description, not evidence that the parameters perform well on Bitcoin or other markets; evaluation would require complete code and testing across appropriate data and costs.

Key ideas

• Entries are triggered by Supertrend direction flips filtered by price relative to an EMA.
• The optional ADX condition screens out signals when the trend-strength reading is below its threshold.
• Stop loss and take profit are configurable and disabled by default in the shown settings.
• The excerpt specifies commission and slippage assumptions but reports no trading results.
• The source is truncated, leaving the complete exit behavior unclear.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.