SuperTrend Breakouts with Session and Price Filters

Summary

This strategy uses an ATR-based SuperTrend line to identify changes in direction. A close crossing the line can trigger a long or short entry, subject to an optional Moscow-time session window and a price threshold. Users can choose long-only, short-only, or two-sided trading. The described exit is a fixed percentage take-profit based on the entry price; the document gives 23 as the ATR period, 1.8 as the multiplier, and 1.5% as the default target. It also states that commissions are included and orders are processed on bar close.

The write-up notes that SuperTrend can lag during sharp reversals, fixed targets may exit strong trends early, and filters may exclude valid trades. It specifically acknowledges that the code does not set an explicit stop loss, leaving potential downside if a trade moves adversely before another exit signal. The provided excerpt shows signal and take-profit handling, but the supplied material does not present backtest results. Its claims about trend performance therefore remain unverified, and parameter choices and session settings may affect outcomes.

Key ideas

• ATR and a multiplier determine the volatility-adaptive SuperTrend line used for direction changes.
• Entries can be restricted by a Moscow-time session and an optional price threshold.
• The strategy supports long-only, short-only, and two-sided modes, with a fixed percentage take-profit.
• The document says the implementation lacks an explicit stop-loss condition and warns of SuperTrend lag and false signals in ranging markets.
• The material provides strategy rules and implementation details but no performance results.

Tags

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