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Double SuperTrend Fit for low Stagnation MT4

Demo downloaded: 84

Published: 4 July 2022

Current version: 221.9

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Double SuperTrend Fit for low Stagnation MT4

Experts
Smarterbot Software
Version: 221.9
Updated: 8 October 2022
Activations: 10

This expert trading tool utilizes two Supertrend indicator lines, one for trend (slow) and the other as entry triggers (fast), with a powerful custom optimization metric to help traders find the best systems with low stagnation and high net profit.

Long Entry:

Traders enter a long position when the bar opens above the ST Line Slow and the current bar opens above the ST Line Fast. Long Exit:
The current bar crosses down the ST Line Fast. Short Entry:
Traders enter a short position when the bar opens below the ST Line Slow and the current bar opens below the ST Line Fast. Short Exit:
The current bar crosses up the ST Line Fast.

Other features include the ability to set Take Profit and Stop Loss as a percentage of price, which is suitable for stocks, cfd indexes, cryptocurrencies, and forex. It also allows for setting entry and closing times for added control over trades. Additionally, it has a limit on the number of trades by the day and a trailing stop that only starts when a defined profit is reached.

Optimization options includes searching for the best systems with Stagnation (-days), +Profit -Stagnation, +Profit -DD -Stagnation, +Profit -Loss% -Stagnation and +Profit -DD -Loss% -Stagnation.

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Version 221.9 2022.10.08

Entry Conditions updated

*Long Entry ST Fast(two options)*
1- [*] The bar opens above ST Fast after opening below it
2- [ ] The bar opens below ST Fast after opening above it

*Long Entry ST Slow(two options)*
1- [*] The bar opens above ST Slow
2- [ ] The bar opens below ST Slow

Long Exit (true/false):
[*] The bar opens above the ST Fast

New 2 optimization metrics included:
* +Profit -Loss% -Stagnation
* +Profit -DD -Loss% -Stagnation