The Dual Supertrend strategy

 The Dual Supertrend strategy is a trading system centered around the Supertrend indicator, applicable across various platforms, with specific reference here to the TradingView platform. This strategy operates as a trend-following approach employing two slow and one fast Supertrend indicators.

Strategy Configuration:
Time Frame: 15 minutes or higher.
Instruments: Major currency pairs and indices.
Type of Strategy: Trend following.
Indicators:
Supertrend (14, 3)
Supertrend (21, 1)
Trading Rules:
Buy:
Enter a position when both Supertrends indicate a Buy signal.
Sell:
Enter a position when both Supertrends indicate a Sell signal.
Exit Position:
Place the stop at the level of the Slow Supertrend line.
Discretionary Profit Target:
Use discretionary profit targets.
Additional Considerations:
Limit to a maximum of two entries in the same direction.
This strategy is designed to capture trends in the market by relying on the consensus of two Supertrend indicators. The use of different time parameters for these indicators provides a balance between sensitivity and reliability. It's essential to exercise discretion in profit-taking, and a prudent risk management approach is maintained by setting the stop level at the Slow Supertrend line. The restriction of a maximum of two entries in the same direction adds a layer of caution, preventing overexposure to a single trend. This Dual Supertrend strategy can be effectively implemented on the TradingView platform, providing traders with a systematic approach to trend-following trading.