xarlor
587 posts
msg #159138
- Ignore xarlor |
5/29/2022 5:50:27 PM
During the non-stop bull market of the past few years I would sometimes use Mobius' Supertrend indicator and scanner on ThinkOrSwim for entries and exits. As with all strategies, you have to adapt to changing market realities. I adapted the script for the current correction/bear scenario we are in.
I enter at the close and, this is very important, exit at the close of the next tick, full stop. It doesn't matter if the next tick is long or short, I exit. We are not in a trending environment and as such I'm not using this filter as a true Supertrend indicator. These are very quick trades, usually under a week
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