SuperTrend Flip Trading with Dollar Stops, Profit Locks, and Take Profit
Summary
This strategy trades reversals in SuperTrend direction: a bullish flip enters long and a bearish flip enters short, with opposite signals also closing positions. It converts dollar risk and profit thresholds into price distances using the instrument’s point value. An initial stop is set from entry, while optional profit-lock levels move the stop to preserve a portion of open gains; a separate hard target can close the trade at a selected dollar profit.
The script also plots the active stop and marks entries, exits, lock thresholds, and take-profit events. These features describe the rules and their visualization, but the document provides no performance results or market-specific validation. The dollar calculations are based on the instrument’s point value and position assumptions, so users would need to assess how they apply to their chosen market and test execution, costs, and parameter choices independently.
Key ideas
- Entries follow bullish and bearish SuperTrend flips, and opposite flips can close positions.
- An initial stop distance is derived from a dollar risk input and the instrument’s point value.
- Profit locks step the stop toward entry as open profit crosses configured thresholds.
- A separate optional limit order sets a hard take-profit level.
- The document describes implementation rules but supplies no evidence of strategy performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.