Renko SuperTrend Reference

For more information visit the retailer site HERE. 

The SuperTrend Reference Trader algo for cTrader enables you to trade any financial instrument in a variety of different ways.

(Provided sample algo is a LIGHT DEMO version, NOT the complete version, and not for LIVE accounts!)

SERIAL: 1234

Use case: Semi-Automated or Automated

Swing Trade
You can use it as a means of Swing Trading, making use of the configurable SuperTrend indicator. 

Increase the SuperTrend ATR Multiplier for larger Swings, or decrease it for faster-paced trading.
Trade pullbacks either on traditional charts with Japanese Candlesticks, or use it effectively on Renko charts.

We have included both the number of pullback bricks (or candles), and the number of Trigger bricks (or candles). The results are incredible, as it provides you with granular control of exactly how you want to trade the market.

For instance, you can configure the algo to take sell trades in a downtrend, once we have seen a pullback of two renko bricks, and a drop of three renko bricks. This translates into taking trades upon trend confirmation, and frequently when support has failed.

You can also trade more aggressively, by configuring the algo to take a trade once a certain price increase or price drop has occurred. This ensures that you take trades once the price is as good as you want it to be, always on the backdrop of current trend.

Scaling in and out of Trades
You will also find the option of scaling in the direction of trend, with a flexible multiplier setting. This means you can benefit from scaling as conservatively or aggressively as you want.

These are just some of the snapshots of what this incredible algo can do. Check out the retailers website for more information.