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Free SuperTrend Pullback SMA Strategy – Crypto Scalping (DODGE) - PineScript preview

Free SuperTrend Pullback SMA Strategy – Crypto Scalping (DODGE) - PineScript

by prayags 0 196 0
Strategy Trend Following TradingView
40.0% WR 1.16 PF 20.0% DD No Repaint

This strategy is built around the concept of combining trend-following and retracement trading techniques using the SuperTrend indicator on a higher timeframe (HTF) and a Simple Moving Average (SMA) on a lower timeframe. Core Concept: Utilizes a dual-timeframe approach where the higher timeframe SuperTrend indicator sets the market direction (bullish or bearish trend). Entries are executed on the lower timeframe, specifically after a brief pullback identified by the price crossing the SMA, capitalizing on short-term retracements within the larger trend. How It Works: Bullish Scenario: SuperTrend indicates bullish direction on the HTF. Wait for the price to dip below the lower timeframe SMA (pullback). Long entry triggers when price subsequently crosses back above the previous bar's high. Bearish Scenario: SuperTrend indicates bearish direction on the HTF. Wait for price to rise above the lower timeframe SMA (pullback). Short entry triggers when price crosses below the previous bar's low. Clearly marked entries, take-profits (TP), and stop-losses (SL) based on defined Risk:Reward (R:R). Key Parameters & Recommended Settings: Higher Timeframe: 45-minute (configurable). ATR Period (SuperTrend): 10 Factor (SuperTrend): 3.0 SMA Period: 30 Risk:Reward Ratio (R:R): 1.4 (configurable) Performance Metrics (Backtested on TradingView) Total Trades: 47 Win Rate: 40.43% Profit Factor: 1.158 Max Drawdown: $28.34 (0.00%) Total Return (P&L): +$12.58 Ideal Usage Scenarios: Optimized for volatile assets, particularly cryptocurrencies like DOGE. Performs best in trending market conditions with frequent, clear pullbacks. Known Limitations & Risks: Moderate win rate; requires disciplined risk management.

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