Supertrend Indicator Strategy (11.07% profit/trade!) — Backtested

The SuperTrend indicator is a type of trend following indicator that was created by trader Oliver Seban. It signals the direction of a trend, its continuation, or changes in direction. Our backtest reveals that the indicator can catch most of the returns while avoiding the worst drawdowns, thus giving acceptable risk-adjusted returns.

We backtest the following trading rules:

➨ Buy when the close of a bar crosses above the previous value of the Supertrend indicator;

➨ Sell when the close of a bar crosses below the previous value of the Supertrend indicator;

In the image below you can see a trade example following the rules stated above.

You can find more info about this trading strategy here:

https://www.quantifiedstrategies.com/supertrend-indicator-trading-strategy/