Super Trend Strategies for NIFTY: A Quantitative Approach
Developing Supertrend strategies for NIFTY. Quantifying for optimal results, including entry/exit, timeframes. TradingView backtesting.
SuperTrend Quantified strategies: Thread 🧵
#SuperTrend #Nifty
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Understanding the Super Trend Indicator
The Supertrend indicator combines ATR and a multiplier for trend identification and trailing stops. Popular for day and swing trading, let's quantify its versatility.
#Trendrooster #Algosculpt
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Strategy V1: Daily Timeframe – Long Only
Indicator: SuperTrend (10,3)
Entry: Long on SuperTrend buy signal
Exit: Exit long on SuperTrend sell signal
Key Stats
Profit: 18K NIFTY points
Drawdown: Extremely low (1/10th of profit)
Profit Factor: > 3
#Algosculpt
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Strategy V2:– Long Only
Indicator: SuperTrend (10,3)
Entry: Long on SuperTrend buy signal 60mins
Exit: Exit long on SuperTrend sell signal 120 mins
Key Stats
Profit: 18K NIFTY points
Drawdown: Extremely low
Profit Factor: > 2
#Algosculpt
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Strategy V3:– Long Only
Indicator: SuperTrend (10,3)
Entry: Long on SuperTrend buy signal 60mins
Exit: Exit long on SuperTrend sell signal 60 mins
Key Stats
Profit: 17K NIFTY points
Drawdown: Extremely low
Profit Factor: > 1.8
#Algosculpt
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Strategy V4:– Long Only
Indicator: SuperTrend (10,3)
Entry: Long on SuperTrend buy signal 30mins
Exit: Exit long on SuperTrend sell signal 60 mins
Key Stats
Profit: 19K NIFTY points
Drawdown: ~20%
Profit Factor: > 1.7
#Algosculpt
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Strategy V5:– Long Only
Indicator: SuperTrend (10,3)
Entry: Long on SuperTrend buy signal 60mins
Exit: Exit long on SuperTrend sell signal 15 mins
Key Stats
Profit: 11K NIFTY points
Drawdown: Extremally Low (1/10th of profit)
Profit Factor: > 1.9
#Algosculpt
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Strategy V6:– Long Only
Indicator: SuperTrend (10,3)
Entry: Long on SuperTrend buy signal 15mins
Exit: Exit long on SuperTrend sell signal 15 mins
Key Stats
Profit: 24K NIFTY points
Drawdown: Extremally Low (1/10th of profit)
Profit Factor: > 1.6
#Algosculpt
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Strategy V6:– Long Only
Indicator: SuperTrend (10,3)
Entry: Long on SuperTrend buy signal 15mins
Exit: Exit long on SuperTrend sell signal 15 mins
Key Stats
Profit: 24K NIFTY points
Drawdown: Extremally Low (1/10th of profit)
Profit Factor: > 1.6
#Algosculpt
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Further Scope:
SuperTrend performance is promising. Adding regime filters and short-side strategies could yield even better results.
Caution: Avoid excessive parameter tweaking to prevent curve fitting.|
Credit: Due credit to SuperTrend's creator and Tradingview.
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End of this thread 🧵
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