This strategy, named "Supertrend - 4h Letterman", leverages the Supertrend indicator to identify and act on bullish market trends. Here's a summary of its features and warnings:
Features: Capital Allocation: Allocates 15% of equity per trade, ensuring a controlled risk-reward ratio. Commission and Slippage: Includes a 0.1% commission and a slippage value of 3 to account for real-market conditions. Date Filters: Allows users to specify a start and end date for trading, defaulting to January 1, 2018, through December 31, 2069. Trade Logic: Enters a long position when a bullish trend is detected. Exits the position when the trend reverses to bearish. Visualization: Plots the Supertrend levels with clear uptrend (green) and downtrend (red) visuals for easy monitoring. Risk Warning: Trading involves significant risk and may lead to loss of invested capital. Users are strongly advised to trade responsibly and consult with a financial advisor if unsure.
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