Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

Hello everyone!
hope i can gives a little value for everyone. Every trader wants to be a consistently profitable trader. In order to achieve that, we try to improve our trading system to fit our personality, risk profile and also increase our winning chance. Maybe this Super Trend indicator can be alternative tool to profitable trade.

SUPER TREND FORMULA
After googling around, searching for Super Trend calculation, I found that Super Trend indicator using 4 variables : High, Low, ATR, and coefficient. The basic formula is :
Basic Upper band : (High + Low) / 2 + ATR x Coefficient
Basic Lower band : (High + Low) / 2 – ATR x Coefficient

TRADING RULE
Using Super Trend indicator is simple. You can clearly take position by seeing this chart. You can use it on any time frame. Example below using 1H chart.


BUY
Open Buy when price cross and close above the upper band
Close Buy when price cross and close below the lower band

SELL
Open Sell when price cross and close below the lower band
Close Sell when price cross and close above the upper band


THERE IS GOOD TIME, THERE IS BAD TIME
There is no perfect system or indicator. Like any other indicator, there is always bad trade. We can add additional rule to our trading system to reduce open position or try to use it on different chart/time frame. These are some examples :

1. Use on bigger time frame than you usually use.
Bigger time frame means less trade, and sometimes less trade is more profitable.

2. Try to modifiy ATR period and/or coefficient value.
Below image is example Super Trend with ATR 10; Coefficient 3 and ATR 10 Coefficient; Coefficient 5 (thicker line)


3. Use additional indicator to identify trend or as confirmation. For example, use SMA 200.


4. Try to use it on renko chart.
Renko chart is price-based chart. Renko chart only concerned about the price movement. Below is example Super Trend indicator use on Renko 8 pips.


CONCLUSION
Super Trend indicator can be good alternative tool to profitable trade. It can be use on any time frame to fit our risk profile. Super Trend indicator can be used alone or combined with another indicator.
Hope this article is useful. Sorry for my bad English. Thank you. Happy trading everyone! Smile

Note: I have not create automated strategy using Super Trend indicator.

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