Automated Strategies

Supertrend

Developer: MooMooForex

The SuperTrend Strategy just might be one of the most flexible trending strategies you will ever use! With just about every configuration exposed to the user, you can customize, back-test, optimize, and get it to run however you want. Combined with its use of up-to three time-frames, you can have greater confidence in the signals generated.

The SuperTrend Strategy utilizes the Trend Strength indicator to determine trend direction and strength in the short term. For confirmations, it can be configured to use an additional longer time-framed Trend Strength indicator.

Identifying a Trend is great, but what is more important is the entry. The SuperTrend Strategy is capable of zooming in at lower time-frames to time the best entry. By utilizing the Commodity Channel Index (CCI) and Slow Stochastic (SSD) indicators, the strategy is able to detect when there has been a slight pull-back in price, which often makes the best entry time for a long trend.

Check out all the configuration inputs available below!

Additionally, the SuperTrend Strategy also comes complete with the following special features:

  • Supports 5 different types of Moving Averages: Simple, Exponential, Linear-Weighted, Smoothed, and Wilders.
  • Can automatically calculate your Take Profit Limit based on a Risk-Reward of your choosing.
  • Enhanced with “Smart Stop” which sets the stop order to be based off a configured range of recent highs or lows.
  • Stops and Limits orders are set on the trades immediately – no hidden logic inside the strategy meaning you can stop the strategy, and doesn’t interfere with other positions.
  • Enhanced email notification on signal indicating all trade inputs including stop loss and take profit values if applicable.

*Please note this strategy comes bundled with the Trend Strength indicator.

BUYING LOGIC

A buy signal is generated when

– There are no existing long positions for the strategy,

– The CCI crosses over from below the oversold threshold; and

– The %K or %D Slow Stochastic is equal to or below the configured oversold threshold; and

– Trend Strength is greater than configured threshold and the value is positive; and

– If configured to do so, confirms the Trend Strength on the longer timeframe.

The strategy will not open two positions simultaneously in the same direction.

The strategy is capable of opening hedged positions if the Allow Hedge Trades is enabled. Hedging is not available to clients of FXCM LLC (FXCM US).

SELLING LOGIC

A sell signal is generated when

– There are no existing short positions for the strategy,

– The CCI crosses under from above the overbought threshold; and

– The %K or %D Slow Stochastic is equal to or above the configured overbought threshold; and

– Trend Strength is greater than configured threshold and the value is positive; and

– If configured to do so, confirms the Trend Strength on the longer timeframe.

The strategy will not open two positions simultaneously in the same direction.

The strategy is capable of opening hedged positions if the Allow Hedge Trades is enabled. Hedging is not available to clients of FXCM LLC (FXCM US).

EXIT LOGIC

Close On Opposite: If this parameter is enabled, trade signals will close opposite positions.

Stops: A stop order is set, if configured to do so as per the specified configuration.

Limits: A limit order is set, if configured to do so, as per the specified configuration.

INPUTS

The following inputs are available in the strategy’s parameters window and can be defined by the app user:

  • Timeframe – The timeframe of the strategy.
  • CCI Periods – The CCI periods.
  • CCI Overbought – The CCI overbought level.
  • CCI Oversold – The CCI oversold level.
  • %K Periods – The SSD %K periods.
  • %D Slowing Periods – The SSD %D slowing periods.
  • %D Periods – The SSD %D periods.
  • Overbought – The SSD overbought level.
  • Oversold – The SSD oversold level.
  • Trend MA Periods – The number of periods to use to calculate the moving average.
  • Trend Averaging Method – The type of moving average to use in the Trend Strength. The following five calculation methods are supported:
    • Exponential Moving Average (EMA)
    • Linear Weighted (LWMA)
    • Simple (MVA)
    • Smoothed (SMMA)
    • Wilders (WMA)
  • Trend Sensitivity – Number of periods to use for the Trend Calculation. The smaller the number, the more sensitive the indicator is.
  • Trend Threshold – The value must be over this threshold to be open for trading long, or under the negative of this threshold for trading short.
  • Trend Timeframe – The timeframe to use for the Trend Strength calculation
  • Confirm with Superlong Trend – Use another longer time-framed trend calculation for confirmation of trend direction and strength.
  • Superlong Trend MA Periods – The number of periods to use to calculate the moving average.
  • Superlong Trend Averaging Method – The type of moving average to use in the Superlong Trend Strength. The following five calculation methods are supported:
    • Exponential Moving Average (EMA)
    • Linear Weighted (LWMA)
    • Simple (MVA)
Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

This automated strategy is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).

Forex Capital Markets, LLC. (“FXCM LLC”) is an independent legal entity and is not affiliated with John Colonna or MooMooForex. MooMooForex is not owned, controlled, or operated by FXCM LLC and John Colonna is not an employee, agent or partner of FXCM LLC.

*Links to third-party sites are provided for your convenience and for informational purposes only. FXCM bears no liability for the accuracy, content, or any other matter related to the external site or for that of subsequent links, and accepts no liability whatsoever for any loss or damage arising from the use of this or any other content. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Please read the linked websites’ terms and conditions.