Some simple rules:
- setting is 20 periods and multiplier set at 3
- take entry on crossover but not for exits
- for exits, use 3-5 bar low in case of a long position and vice versa
- keep risk per trade under 1%
- expect half the signals to fail (true for all trading systems)
- expect lot of whipsaws in rangebound market
These are same rules for supertrend indicator and kplswing.
5 min:
15 min:
30 min:
60 min:
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