Hello everyone.
And welcome to ride the trends
This system is tested to work from 1M to 1D timeframes.
Basic timeframe preferred is 1H
Here I want to share this trend following system that I call SUPATREND.
It is based on many things that I have learned during my trading carreer. Special thanks goes to Traderathome and whole Sonic R system thread. Wonderfull thread to learn trading
So here is the template for SUPATREND:
SUPATREND is based on Ichimoku with settings that I have found work very well in most cases. Entry/exit rules for SUPATREND system are based on what I have learned that works well.
Basic rule:
-After basic entry only entries to SUPATREND direction will be taken. Basic entry can be against SUPATREND coloring, cause most of the time SUPATREND crosses after price has already crossed SUPATREND. All scouts should be entered only long when SUPATREND is green and only short when SUPATREND is blue
Entry types
-Basic
-Scout
Basic entry is when price crosses SUPATREND:
Scout entry when price with divergence/hidden divergence to SUPATREND direction:
Scout entry when price visits SUPATREND and continues through S/R1:
Stoploss placement & when to BE:
SL moves to BE as soon as it's possible to avoid ranging market:
SL trails with S/R2 at the point of current candle:
Take profit conditions:
-Trail untill opposite signal
-TP when opposite divergence appears
-TP when hit monthly pivot
-TP when price touches S/R1
Divergence:
Price hits S/R1:
So there you have everything in nutshell. I will be posting examples with trades according these rules.
Please feel free to post own trades using SUPATREND template and following SUPATREND rules
Template and indicators are attached to this post:
IN THE ZIP FILE!
There are indicators used here and there is font that needs to be installed for minicharts to work.
TWO TEMPLATES
The one called Supa, in template folder is the one I'm using.
The one called Supa_new_build is more basic template to work with new metatrader build (600 or newer) that doesn't accept old indicators. With this template, you don't need to install any indicators. It uses basic indicators in metatrader 4.
And welcome to ride the trends
This system is tested to work from 1M to 1D timeframes.
Basic timeframe preferred is 1H
Here I want to share this trend following system that I call SUPATREND.
It is based on many things that I have learned during my trading carreer. Special thanks goes to Traderathome and whole Sonic R system thread. Wonderfull thread to learn trading
So here is the template for SUPATREND:
SUPATREND is based on Ichimoku with settings that I have found work very well in most cases. Entry/exit rules for SUPATREND system are based on what I have learned that works well.
Basic rule:
-After basic entry only entries to SUPATREND direction will be taken. Basic entry can be against SUPATREND coloring, cause most of the time SUPATREND crosses after price has already crossed SUPATREND. All scouts should be entered only long when SUPATREND is green and only short when SUPATREND is blue
Entry types
-Basic
-Scout
Basic entry is when price crosses SUPATREND:
Scout entry when price with divergence/hidden divergence to SUPATREND direction:
Scout entry when price visits SUPATREND and continues through S/R1:
Stoploss placement & when to BE:
SL moves to BE as soon as it's possible to avoid ranging market:
SL trails with S/R2 at the point of current candle:
Take profit conditions:
-Trail untill opposite signal
-TP when opposite divergence appears
-TP when hit monthly pivot
-TP when price touches S/R1
Divergence:
Price hits S/R1:
So there you have everything in nutshell. I will be posting examples with trades according these rules.
Please feel free to post own trades using SUPATREND template and following SUPATREND rules
Template and indicators are attached to this post:
IN THE ZIP FILE!
There are indicators used here and there is font that needs to be installed for minicharts to work.
TWO TEMPLATES
The one called Supa, in template folder is the one I'm using.
The one called Supa_new_build is more basic template to work with new metatrader build (600 or newer) that doesn't accept old indicators. With this template, you don't need to install any indicators. It uses basic indicators in metatrader 4.
Attached File(s)
Supatrend.zip
89 KB
|
2,246 downloads
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