Optimized Super Trend Trading System

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Optimized Super Trend Trading System

Optimized Super Trend Trading System –  Hello friend of traders, on this occasion forextradingwin.com will give a tutorial on Optimized Super Trend Trading System.

The supertrend forex trading strategy is based on two indicators:

  1. the supertrend indicator (settings: 8, 1.5).
  2. and the SAR indicator (settings: 0.2, 0.2).
    Here’s the download link for the supertrend indicator mentioned above: SuperTrend_v1.2.

WHEN TO ENTER A BUY TRADE.

  1. Supertrend must be bullish (blue line).
  2. And SAR must give a buy signal (a green dot must form under a candlestick).
  3. Two types of orders can be placed, a market order or buy stop order 1-2 pips above the high of the candlestick where the SAR dot gives a buy signal.
  4. For stop loss, place it at least 5 pips below the low of the candlestick mentioned in step 3.
  5. Exit the trade when SAR indicator gives a sell signal.
Optimized Super Trend Trading System

Optimized Super Trend Trading System

WHEN TO ENTER A SELL TRADE.

You simply just do the exact opposite of what you did in a buy setup:.

  1. supertrend indicator must be red.
  2. The SAR indicator must give a sell signal (a green dot must form above a candlestick).
  3. You can place a sell market order or a sell stop order 1-2 pips below the low the candlestick where the SAR dot gives a sell signal.
  4. Place your stop loss at least 5 pips above the high of the candlestick mentioned in step 3.
  5. Exit the trade when the SAR indicator gives a buy signal.
Optimized Super Trend Trading System

Optimized Super Trend Trading System

DISADVANTAGES OF THE SUPERTREND FOREX TRADING STRATEGY.

  1. stop loss distances can be quite large.
  2. SAR indicator is a lagging indicator which means price travels ahead and the SAR indicator responds late.
  3. in a non trending market, this strategy will perform very badly.

ADVANTAGES OF THE SUPERTREND FOREX TRADING STRATEGY.

  1. In a nice trending market, this forex strategy has the potential to make a lot of pips quite easily.

That’s about the Optimized Super Trend Trading System, may be useful.

Tags: #Optimized #Super Trend #Trading System

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