I tried Supertrend, PSAR... and I lost money overall. I tried several times but the same result. I tried backtesting in Amibroker for ST and they give excellent results, but in real time that doesnt seem to happen
I tried Supertrend, PSAR... and I lost money overall. I tried several times but the same result. I tried backtesting in Amibroker for ST and they give excellent results, but in real time that doesnt seem to happen
I tried Supertrend, PSAR... and I lost money overall. I tried several times but the same result. I tried backtesting in Amibroker for ST and they give excellent results, but in real time that doesnt seem to happen
SuperTrend works well only in trending market. In rangebound market, it would give you many loss making trades. So before you use SuperTrend you need to identify the phase of the market first.
I too find moving average strategies much better than super trend. MA crossovers will delay the entry...but MA slope and price crossing a single MA works well.
I tried Supertrend, PSAR... and I lost money overall. I tried several times but the same result. I tried backtesting in Amibroker for ST and they give excellent results, but in real time that doesnt seem to happen
U said Supertrend didn't work in Real trading.
Suppose u traded ST live for 3 months. Did u backtest it later for those 3 months ?
Do ur trades match with the backtest ??
If not why ?
Find out !!!
SuperTrend works but only with lots of filters and risk management tools and these filters & tools have to be designed keeping in mind one's own trading style and time frame. With proper filters in place, it can be made into a robust system with approx 45-50% success rate in the long run.