Strategy What is super trend and how it works

[davidpato123]

The SuperTrend indicator is commonly used in Forex trading to identify trends and potential entry/exit points. A simple strategy might involve entering a long position when the price is above the SuperTrend line and in an uptrend, while entering a short position when the price is below the SuperTrend line and in a downtrend. Remember to combine this indicator with other tools and risk management techniques for a well-rounded trading strategy.

 

[Fin_Trader]

In addition to being able to see the trend and trade in its direction, we also need to be able to determine the beginning and end of rollbacks or price corrections, which will always occur when the price moves along the trend. After all, the most profitable entries into the market in the direction of the trend will be at the end of such corrections, so here you need to supplement your strategy with some more indicators or methods for determining the end of rollbacks for more accurate entries.