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Supertrend + Dziwne v2 by @DaviddTech

Supertrend + Dziwne v2 by @DaviddTech

šŸ“ˆ TradingView Strategy: https://www.tradingview.com/script/tpgNk88d-Supertrend-Dziwne-v2-by-DaviddTech/

šŸæ Watch video: https://www.youtube.com/watch?v=56YpTzUapuc

Strategy : [Supertrend + Dziwne v2 by @DaviddTech]
Video : The Most Accurate Buy Sell Signal Indicator
ā€“ 100% Profitable Trading Strategy TESTED
100+ Times

INDICATORS EXPLAINED There are 3 main indicators used in this trading setup, and each of these indicators has been explained below in detail.

Dziwne IndicatorĀ The Dziwne indicator is used to identify trends and also see where false trends have been created. It uses a combination of Heikin Ashi candles and EMAā€™s to do the same. It combines 2 indicatorsā€ the A-V2 indicator which shows a smoothened out version of the Heikin Ashi candles, and the B-V2 indicator measures the momentum of the trend and can be used to identify potential rejections of the trend.Ā 

QQE Mod IndicatorĀ The QQE indicator can be used to confirm the reversals of a trend in the same way as the RSI indicator ā€“ what it basically does is indicate when particular security is overbought and oversold. It can be thought of as a heavily smoothed version of the RSI indicator. The QQE Mod indicator used in this strategy is just a combined version of 2 separate QQEs that provide better signals.Ā 

SuperTrendĀ The SuperTrend indicator is mainly used by traders in order to understand the trend of the stock price ā€“ it indicates whether the market is currently bulli

sh or bearish on the stock. They work in a way very similar to the Moving Average indicators. Traders normally opt for using 2 or more SuperTrend indicators in conjunction with different periods to increase the reliability of this indicator. The two parameters that can you can tweak are the ATR period and the multipliers. The SuperTrend indicator also provides buy and sell signals. Ā 

SETTINGSFor this particular trading setup, the default settings were used for all the indicators.Ā 

A long position is initiated when the price is above the Dziwne indicator, the SuperTrend indicator is green (showing that it is a good time to buy), and the QQE Mod confirms the direction of the trend (blue QQE).Ā 

A short position is initiated when the price is below the Dziwne indicator, the SuperTrend indicator is red (showing that it is a good time to sell), and the QQE Mod confirms the direction of the trend (red QQE).Ā 

The risk-reward ratio was fixed at 1:2.Ā 

RESULTS AND ADJUSTMENTS Initial ResultsĀ The overall results were:Ā 

**Profitability**: 73.16% net profitĀ 

**Number of Trades: **101

**% of trades profitable: **38.61%Ā 

**Profit factor**: 1.131

**Drawdown:** 46.91%

AdjustmentsĀ Some additional indicators and settings that could be added in order to increase the win rate and reduce the risk employed are:Ā 

The profitability can be improved by taking profits at multiple levels, however, this would reduce the net profit %.The risk-reward ratio or the EMAs can be adjusted for a higher

profit with a lower win rate.Ā The Flat Market indicator could be employed for reducing trades that are being carried out when the trend is about to end or the market is flat.Ā CONCLUSIONScalping has been proven to be one of the most profitable trading strategies out there, however, even when youā€™re scalping, you need to ensure that you have a high win rate so that the strategy is fruitful and profitable. Using the strategy discussed above, you will be able to profit in both bull and bear markets consistently. You can even tweak the settings to suit your level of risk and trading style, finding the right balance between the win rate and the net profit.Ā 

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