Supertrend and Heikin Ashi Entries with Configurable Risk Controls

Summary

This strategy combines Supertrend, which uses average true range bands to indicate trend direction, with Heikin Ashi candle direction as an entry filter. It enters long when the trend signal is bullish and the candle is bullish, and enters short when both point down. The template offers several stop-loss and take-profit approaches, including fixed amounts or percentages, ATR-based levels, recent highs or lows, and risk-reward targets. It can also close and reopen positions when a new signal arrives.

The document lists configurable indicator, entry, and exit settings and a BTC/USDT futures backtest period, but reports no measured results. It cautions that Supertrend can lag reversals, candle filtering cannot prevent losses, and poor exit settings or frequent re-entry can increase losses, costs, and slippage. The described options are a framework for testing; the text does not establish that any configuration is profitable or that the filters improve win rate.

Key ideas

• Supertrend provides the directional signal, while Heikin Ashi candle direction can filter entries.
• The strategy supports both long and short trades and can optionally replace an open position on a new signal.
• Stop and target methods include fixed levels, percentages, ATR, recent highs or lows, and risk-reward settings.
• Lagging signals, imperfect candle filters, exit placement, and repeated entries are stated risks.
• The published futures backtest configuration has no accompanying performance evidence.

Tags

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