Supertrend Reversals with ATR Stops, Break-Even Exits, and Early Closure
Summary
This strategy takes long or short entries when the direction of a Supertrend indicator changes, using confirmed direction values. A separate EMA-and-ATR channel is plotted for context, but the shown entry conditions are driven by Supertrend changes rather than channel crossings. Position size is set as a percentage of equity, and orders are processed on bar close.
Risk controls include an optional stop placed an ATR multiple from the entry price, a break-even stop activated after a specified favorable percentage move, and an optional early exit on a direction change in a second, faster Supertrend. The script plots current stop and break-even levels. The document identifies the RIVERUSDT pair as its intended market, but gives no backtest statistics or evidence for the promotional claims about performance and optimization. ATR-based stops are recalculated from current ATR, so their distance can change over time; users should evaluate that behavior, execution assumptions, and parameter sensitivity before relying on the strategy.
Key ideas
- Entries follow confirmed changes in Supertrend direction, with opposing changes generating short or long signals.
- An EMA-centered channel expanded by ATR is displayed but does not drive the shown entries.
- An optional ATR stop is calculated from entry price and current ATR.
- A break-even exit can activate after a favorable percentage move, and a second Supertrend can trigger early closure.
- The document names RIVERUSDT as the target pair but supplies no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.