Pleasure to present to you the first version of my palindromic script I called: Swing Trading Safely with Super Trend Signal (STSwSTS)
This script is a simple improvement of the MassEve script by our King pshai and is quite relevant in this bull market.
Thanks mate, you’re the best 🙂
It uses the required command:
The script uses two supertrends, one closer to the price (the TP ST) and one further (the main ST).
The script enters a long if both ST are below the price and when the price dips a bit on LTF.
Then it takes a safety TP once the price pumped a bit.
The long is kept until the TP ST flips, at which point the script takes some profit.
When the main ST flips bearish it exits the long.
A SL is included when a candle closes below some price defined relatve to the entry though it may not be useful on HTF because of the ST flip safety.
This script is mainly designed for HTF, though it may work on LTF for some pairs.
Many parameters to adjust to your needs!
You may experience some issues in Equity mode. The maximum nb of contracts which can be longed is not accurate in HBS, you may divide your equities by 4 in order to make it work fine.
Let me know if you run into some issues!
v2, v3 and v4 are planned and I may publish them in due time.
Short version for bear market is straightforward, spot version also, I may publish them later.