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Hello there, I am asking $50 as a one-off to get access to the SuperTrail Indicator or Mr Bubbles gets it!

No ongoing costs etc and I am genuinely open to feedback as to what price you would think is fair if $50 seems too much. If you would like to go ahead so you can get started then you can use the link below to send payment and afterwards message me on TradingView to let me know and I can add you to the script. Very happy to refund you within 24 hours if you don't like it. It is super easy to set up and use. I'll help you if you get stuck. Set up instructions and requirements are at the end of this page.

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The SuperTrail in Action

SuperTrail Advantages

SuperTrail Indicator

Some ways that I and others use it include:

SuperTrail Example Strategy

How you trade should always be up to you. Your money, your risk, your decision. The image below is just one suggestion. You should always come up with your own plan that makes sense to you.

SuperTrail Strategy

In terms of entry, I typically wont buy a stock if its RSI(14) is below 55 or above 70. I will often set an alert on the RSI to wait until they are reached if a stock doesn't meet them. Other people like to combine the SuperTrail with a MACD or other popular momentum indicators.

As far as exiting the trade goes, the reason for the 5% to 6% initial stop in the image above is that's the maximum I want to risk losing if the trade goes the wrong way. Sometimes a stock might gap down after hours on bad news and sell for a much lower price than your stop, but these are infrequent, and better to get out than be wiped out. Likewise you might get stopped out and the next day the stock goes up. That's okay. Just buy back in again when you get an alert. Sometimes the SuperTrail will show you the "right" level might be higher than your risk appetite. eg 25% to 30% might be the right level for some more volatile stocks. You can choose to either not trade that stock, or you can set your maximum stop loss to say 15% even if the indicator suggests a higher amount. Statistically 15% seems to be the sweet spot for most stocks based on my own experiences with the SuperTrail and other peoples back testing in the suggested reading and other examples I have seen. Likewise on some stocks where the trail is less than 10% I will add a percent or two just to give the stock a bit more room to wiggle.

If you find different ways to use it successfully and come up with your own strategy, please let me know :)

Example of Pattern I Like

This is the kind of pattern I like where the stock has been going up nice and steadily, then had a pull back, and seems to be recovering again and going up. I like that the SuperTrail has resignaled a buy and is further supported by volume seems okay and the RSI is pointed up and has pushed up through 55 (current value not shown on the chart is 57) showing momentum is there. There is a chance it might retrace and come back down, but all I am trying to do is get the odds on my side and hope it continues up. My 6% stop will protect me though if it goes the wrong way and get me out of the trade.

Trade Station and SuperTrail Indicator

How I Find Trending Stocks

A super simple way is to use the built in TradingView screener, add some moving averages to your chart, and then set your yearly, monthly, and optionally weekly performance values to filter the list down to a manageable number. Look through the results for stocks where the price and the moving averages are all running together nicely in parallel. The whole slow and steady approach.

Once you have a list of suitable stocks in your watch list you can then go through them and work out which ones to potentially buy based on your own criteria. I typically look for stocks with an RSI pointing up but between 55 ( shows momentum) and 65 (not yet over valued) that have had a bit of a pullback recently, but look like they are heading up again. Super simple strategy anyone can follow and understand. Try it and see what you find. One of those the trend is your friend kind of things :)

Video: The Old Way. Finding Trending Stocks Using Moving Averages


* Click on the little [  ] box on the right of the video to view full screen or click here to watch on YouTube.

Video: The New Way. Finding SuperPerformance Stocks Using The Supertrail

The problem with using Moving Averages is they dont tell you much about the volatility of the stock. The SuperTrail does.

By setting it to a default value like 20% I can quickly skim through a list of stocks and find ones where I can buy and in theory hold them longer term because they are less volatile than other similar stocks in the same market - but still making the same or even better gains. Once I have created a short list of these stocks I can then go through them and choose which ones I want to buy, and what the correct "range" is I want to apply as a stop loss to help protect my profits when the trend changes or eventually ends.

In this video I show you how I can find stocks that have made 100%+ type gains over the last 12 months without too much volatility and might be worth keeping an eye on.


* Click on the little [  ] box on the right of the video to view full screen or click here to watch on YouTube.

More SuperTrail Examples

Trade Station and SuperTrail Indicator

Video: How I use the SuperTrail


* Click on the little [  ] box on the right of the video to view full screen or click here to watch on YouTube.

Video: How the SuperTrail works over time


* Click on the little [  ] box on the right of the video to view full screen or click here to watch on YouTube.

Video: Day Trading using 5 minute candles and 5% trail on a 1500% stock


* Click on the little [  ] box on the right of the video to view full screen or click here to watch on YouTube.

SuperTrail On Apple

SuperTrail On Apple

SuperTrail On Tesla

SuperTrail On Tesla

SuperTrail On Kogan.com

SuperTrail On Kogan

SuperTrail On Afterpay

SuperTrail On Afterpay

SuperTrail On Euro / US Dollar

SuperTrail On Euro / US Dollar

SuperTrail On Bitcoin

SuperTrail On Bitcoin

SuperTrail Across Timeframes

A common question I get is will the SuperTrail work across different time frames, and the answer is yes. The below charts are for the same stock (NIO) and look at how the SuperTrail value can be adjusted tighter and tighter depending on your desired timeframe and still achieve good results.

1 Day Candles. 26% SuperTrail. 1350% Run

SuperTrail Daily Candles

1 Hour Candles. 20% SuperTrail. 140% Run

SuperTrail Hourly Candles

1 Minute Candles. 0.6% SuperTrail. 2% Run

SuperTrail Minute Candles

1 Second Candles. 0.15% SuperTrail. ~1% Run

SuperTrail Second Candles

SuperTrail Alerts

When trading, I use alerts a lot. If I find a stock that I like the look of that is in say a downtrend and I want to buy when it starts to turn around, I will set an alert on the SuperTrail to alert me when a buy signal occurs. I typically just use email alerts and popups, but you can see from the image below there are a wide variety.

SuperTrail buy and sell alerts

Trailing Stops And How They Work

One of the advantage of the SuperTrail is that it will help you identify what trailing stop level to set that will keep you in the trade for longer based on your risk appetite and own judgement. I cover this in a suggested strategy a bit further down, but what I will often do is place a stop order around 6% below my buy price to protect against any significant losses, and then I will just add the value the SuperTrail tells me (eg I used 8% in the diagram below) to the trail part of the order. There is an example showing how I add orders into my trading program further below as well.

As the stocks price goes up, the trailing stop loss will also go up. Never down. This means that it will try and protect you from losses when the stock does something unusual. You want to try and set a level that allows you stay in the trade during normal pullbacks, but get out if there is a deeper correction. This could be caused by bad news, a change in market sentiment, a deeper issue with the overall market etc. Sometimes the stock might gap down and you will sell below your desired stop price, but at least you are out and can potentially avoid a much deeper correction.

How trailing stops work

Do Trailing Stops outperform Traditional or No Stops and if so what percentage is best?

The short answer is yes. Personally, I like statistics and numbers. I want evidence as to why one strategy might be better than another. These articles below were part of what inspired me to look for how to best protect my downside, and lock in profits and look for a better solution than what was already available. As to what percentage is best, it is completely up to you. Have a look at the stock and see what you think makes most sense over the period you want to buy and hold the stock. But do have a look at the videos and documents below. They will show you that a 15-20% trailing stop loss might be around the right level for many stocks. I had read these years ago but it wasn't until I built and started using the SuperTrail that I realised how insightful these studies were, and I've read dozens of papers (literally) with similar findings. I just liked these the best and thought they were worth sharing.

Watch: The Science of Stop Losses - One of my favorites, and one of those big aha moments. This video gives you an idea of statistically why wider stop losses can be a good thing.

Read: The truth about Stop Losses that nobody wants to believe - A great document that looks at various studies and compares how no stop loss vs stop losses vs trailing stops all perform and what level stops give the best performance.

Example of how I set stops in my Trading System

Depending on what trading system you use, there is a variety of ways to set a stop. Ideally when I place my order, I want to set a stop loss roughly 5-6% below my buy price with a percentage trailing stop that will kick in when the price has gone up sufficiently. This gives my stock the time to "grow" and move around while ensuring that I dont lose much more than 5% of my initial investment if the trade goes the wrong way. Some brokers will only support stop orders. Thats okay - you just have to keep remembering to move your stop loss up as the price goes up.

I use Interactive Brokers via their app (shown below) and I have to use a two step process. When I buy a stock I put a 5% stop (not a trail) below my buy price at the time I place the order. The next day (or whenever I remember) I then delete that stop and put in a new stop order with the same stop value AND a trail percentage like shown below. In this case I have a 12% trail set. So max downside is in theory 5% not including stocks that gap down. Eventually the trail will kick in and you will see that "Stop Price" start to move up. The reason why I have to cancel the first stop is because Interactive Brokers app wont let me place a trail as a stop when I place the order. A bit of a pain, but not too bad. Dont forget to make sure you are using a percentage trail not a value. The exception is micro / penny stocks where a value may be better. The time in force means keep running it until it triggers.

SuperTrail Trailing Stop Loss

Requirements

The SuperTrail is designed to work only with TradingView at this stage. You can use it on a free account, but I would recommend you sign up for at least their Pro Plan for $14.95 a month. When they have their annual Black Friday / Cyber Monday type specials they will often have 50% off type deals, so then I would upgrade to an annual plan and lock in some savings. It is tax deductible and if you are trying to be serious and risking hundreds or thousands of dollars a year trading, $15 / month shouldn't be something you consider a major barrier. It's worth it.

The advantages of having a paid plan is it gets rid of the advertising pop ups but more importantly will give you access to purchase live data packs. Yes another add on, but I would consider this optional if you are a more long term buy and hold. All you are really doing is finding your trailing levels based on price action over a period of time, so data being delayed 15 to 20 minutes isn't going to matter to you. Your trading system / broker will use live data to action any stops even if the indicator alerts that you see are slightly delayed. Live data should be mandatory though if you are short term or a day trader. Paid plans also give you more alerts and a bunch of other useful items. I think the bottom Pro Plan though is enough for 90% of people. Pricing for the live data packs is a bit hidden but you can find it down the bottom of the pricing page under the heading "Available markets".

Setup Instructions

Once you are happy to go ahead and have paid, I need to manually add you to the indicator on TradingView in order for you to use it but you can do the following at any time. Go to the link below and click on the add to your favorites button. The SuperTrail should then appear in your list of indicators under favorites. Add it to one of your charts, but often it might say not authorised, so you just refresh the page and it activates and you should be good to go. It wont work until I have added you. Have a play with it and if you have ANY problems let me know. Very happy to answer any questions you might have.

https://www.tradingview.com/script/eH13A5ZO-SuperTrail/

Other Resources

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Hope you like it,

Angus