OPEN-SOURCE SCRIPT
Supertrend - 4h Letterman
This strategy, named "Supertrend - 4h Letterman", leverages the Supertrend indicator to identify and act on bullish market trends. Here's a summary of its features and warnings:
Features:
Capital Allocation: Allocates 15% of equity per trade, ensuring a controlled risk-reward ratio.
Commission and Slippage: Includes a 0.1% commission and a slippage value of 3 to account for real-market conditions.
Date Filters: Allows users to specify a start and end date for trading, defaulting to January 1, 2018, through December 31, 2069.
Trade Logic:
Enters a long position when a bullish trend is detected.
Exits the position when the trend reverses to bearish.
Visualization: Plots the Supertrend levels with clear uptrend (green) and downtrend (red) visuals for easy monitoring.
Risk Warning:
Trading involves significant risk and may lead to loss of invested capital. Users are strongly advised to trade responsibly and consult with a financial advisor if unsure.
Let me know if you’d like further refinements or additional clarifications!
Features:
Capital Allocation: Allocates 15% of equity per trade, ensuring a controlled risk-reward ratio.
Commission and Slippage: Includes a 0.1% commission and a slippage value of 3 to account for real-market conditions.
Date Filters: Allows users to specify a start and end date for trading, defaulting to January 1, 2018, through December 31, 2069.
Trade Logic:
Enters a long position when a bullish trend is detected.
Exits the position when the trend reverses to bearish.
Visualization: Plots the Supertrend levels with clear uptrend (green) and downtrend (red) visuals for easy monitoring.
Risk Warning:
Trading involves significant risk and may lead to loss of invested capital. Users are strongly advised to trade responsibly and consult with a financial advisor if unsure.
Let me know if you’d like further refinements or additional clarifications!
Script de código aberto
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Aviso legal
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