SuperTrend Reversals with Dollar-Based Profit Locks and Take Profit

Summary

This strategy uses SuperTrend direction changes to reverse between long and short positions. It calculates open profit in dollars using the instrument’s point value, then converts dollar risk and profit thresholds into price distances. An initial stop is set from a fixed dollar risk amount. Optional profit locks raise the stop to retain progressively larger amounts as open profit reaches successive trigger levels, and an optional hard take-profit can close the trade at a configured gain. The visible settings also specify ATR period, SuperTrend factor, fixed position size, and margin parameters.

The excerpt shows the entry and stop-management framework but ends partway through the label logic, so the complete exit implementation and remaining behavior cannot be confirmed. It contains no backtest report, performance evidence, or discussion of slippage and fees. The dollar thresholds depend on the instrument’s point value and the stated position size, so their meaning may change across markets or contract specifications. Profit locks and a hard target shape exits; the excerpt does not establish that they prevent losses beyond the initial stop in fast or gapping markets.

Key ideas

• SuperTrend direction flips trigger entries and close the position on the opposite side.
• Open profit is calculated in dollars using the instrument’s point value.
• A fixed dollar risk setting determines the initial stop distance from the average entry price.
• Optional profit locks move the stop to retain preset gains after open profit reaches defined thresholds.
• The excerpt is incomplete and provides no backtest results or evidence of performance.

Tags

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