Can Supertrend be Redeemed in a Trend Following Strategy Backtest? 600,000+ Trades tested
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- Опубликовано: 13 июл 2024
- This is a followup to my last video which used a fixed profit target and stop loss approach. This time I'm testing the supertrend by letting it ride out the entire trend rather than a fixed profit target.
Be sure to check out the source video from TradingLab Channel:
• Highly Profitable DEMA...
This is for educational purposes only; I do not advocate for or against any trading strategy and I am not an investment advisor.
Thanks everyone for your support!
Great video! I really appreciate the thorough backtesting you've done to show the effectiveness of the supertrend indicator in a trend following strategy. I especially liked how you allowed the supertrend to ride out the entire trend rather than using a fixed profit target. It's clear that this approach can be very profitable. Keep up the great work!
nice work as usual :D Love seeing your channel grow!
So glad I found this channel!
Very Informative
Great vid. Would be nice to see how a scanner could be made in other languages...thinkscript, pinescript, etc.
Very great video again.
It would be so nice if you could compare LuxAlgo Premium with Market Cipher to see which one is better! Keep up the great work👍🏻
hey What is your Back testing engine?
I've read that simple price action with the 9 ema and a simple volume indicator works wonders on futures. Not sure if this is testable though lol
wrong, it is the 8 or the 10.
could you do a backtest XAUUSD on the OANDA server using multiple ema 20 on (1-hour tf , 4-hour tf and daily). the entry rule is when the price is emerging up from the bottom of 4H ema and the 1H ema < 4H ema < daily (the short rule is the opposite). the SL is the last low or the 1.6 ATR. The TP is the last high of the 30-minute candle. when the order is on 1R, cut half of the order size. Thank you.
the other thing that I am curious about is, what kind of indicator do you suggest to determine the trend of the market (trending or sideways), it will really help if you can identify and switch the strategy mode.
Great video! On the 5 minute candles the short trades seem to have done significantly better then the other timeframes. I assume you spotted this as well but chose not to look further into this? Why wouldn't this strategy work as a short only strategy on the 5 minute timeframe? Curious to hear your thoughts.
Great eye yes that’s right… so both yahoo and Td Ameritrade don’t let you download nearly as far back for 5min candles as they do for other timeframes, so the 5 min candle run is more recent data, where the market hasn’t been doing as well…I actually commented about it on my first super trend video ; it’s one of the main reasons I decided to add comparison to random entries, to help correct somewhat for market conditions; I suspect with more 5 min data (and every week i update my dataset) we would eventually find it not so favoring the short trades
@@seriousbacktester Thanks for your reply. I did see your last video, but in that simulation the random entries on the 5M Short side also perfomed well. In this simulation the strategy entries significantly outperform the random entries. Because the strategy is profitable over 46K+ trades and significantly outperforms random, doesn't that mean shortselling this strategy has an edge on the 5M timeframe?
@@jeroendrost4903 yes; you know, looking at it i think that is a fair assessment. I will caveat that even though there's a lot of trades, and a lot of datapoints, I have much less 5 min data than other timeframes, and the data only goes back to March 2022
@@seriousbacktester could you upload the code of your personal strategy to google colab? really tempted to test it out on forex data ... ive been trying it on a small account of mine for the past week and so far i havent lost a trade!!
Please could you release ur framework template for calculating statical significance or teach us how use it. You're practically the only person on RUclips doing something that factual and not discretionary
Can you take a strategy from the trade pro RUclips channel and test it pls? He has a great variety of strategies
would love to see your personal strategy on forex such as eurousd and potentially optimised for maximum profit
i also believe shorting would work as good as longing on forex aswell
also i noticed that u can generate more gain the further the price is behind the 200 ema
yeah, because you won`t do the hard work for yourself.
If you are loosing 24% per year, doesn't that mean that you would gain 24% if you take the opposite side of the trade?
Really interesting content! Thanks a lot.
Perhaps another interesting strategy to test as trend following strategy could be the Turtle trading strategy.
I dont thing the code / backtester you created is publicly available right? Else i would really like to play around with it!
Please can you back test and myth bust "The Turtle training program", that was 1983 experiment by Richard Dennis to find out wheather trading can be taught or was it something more like a natural born gift. The Turtle training program was proven to be success as novice turtle traders gained more than $175,000,000 in 5 years. Turtle's was trained to be trend followers and strategy they were following was Donchian Channel Breakout. So my thought is, that can the Turtle trading system, Donchian Channel Breakout with other program related rules be profitable after all it have similarities to non profitable SuperTrend strategy. It was great success in 80's but can it be still profitable trading system in 2022? Thanks in advance and God Bless all 16 cores of your CPU 🙏
Lol thanks; funny you should mention donchian as I had plans to test that and got sidetracked… I will investigate Turtle training! That’ll make a cool thumbnail graphic too
this has nothing to do with the commentator . but with out some kind of direction on when to Buy or Sell this is like Flipping a COIN . NOW if the Buy Sell is triggered at a HIGH or LOW of a CYCLE that should Work . input this into your TEST . this would be a BIG change . in P/L . Trading from 1967 .
I exit with a SMA
Discord channel when? 😮 For coding and tech. And possibly some crap ideas that the clickbait channels post!
So literally no strategy works?
Looks like 98% don’t 😢
@@quietmoodmusic Try 100 percent. Those strategies that seem to work stop working when you go live. Trading is just garbage. I am beginning to think the whole industry is scam.
@@omairtech6711 Nope I found one that works on this channel, so like I said 98% lol. I'm honestly thinking the same too. For every strategy that is decent you get like 100 crap ones.
hey man nice work can you share this code with us ?
I would be glad to pay for the testing framework if he offers it
this is not good supertrend strtegy thats why. please can you backtest TradeIQ Supertren+ CCI strategy? got quite familiar i think it has good potential. thank you in advance.