Send download link to:PTZ SUPER TREND STRATEGY V2 MULTI ATM
PTZ SUPER TREND V2 AUTOTRADER ATR with Multiple Stop & Target Options
A Complete Guide to Using SuperTrend with Fixed, ATR-Based, and Trailing Stops
Introduction
The PTZ SUPER TREND V2 AUTOTRADER ATR is a widely used trend-following approach that helps traders identify potential entry and exit points based on price movements and volatility. Our PTZ SUPER TREND V2 AUTOTRADER ATR, developed by PropTraderz, enhances the traditional SuperTrend indicator by integrating multiple stop-loss and profit target methods, allowing users to fine-tune their risk management.
This guide will walk you through the mechanics of the strategy, how signals are generated, and how to effectively use the three different stop & target methods available:
- Fixed Stop & Target (Ticks-Based)
- ATR-Based Stop & Target (Dynamic Volatility-Based)
- ATR-Based Trailing Stop (Adaptive to Market Conditions)
How the SuperTrend Strategy Works
The SuperTrend strategy is based on the concept of calculating an upper and lower trendline around price action. The trend changes from bullish to bearish (or vice versa) when price crosses these levels.
Step 1: Calculating the SuperTrend Indicator
The SuperTrend bands are calculated as:
- Upper Band = Median Price − (ATR × ATR Multiplier)
- Lower Band = Median Price + (ATR × ATR Multiplier)
Where:
- ATR (Average True Range) measures market volatility over a set period.
- ATR Multiplier determines the distance of the SuperTrend band from the price.
A Buy Signal occurs when the price crosses above the lower band, flipping the trend to bullish.
A Sell Signal occurs when the price crosses below the upper band, flipping the trend to bearish.
Trade Management: The Three Types of Stops & Targets Methods
1) Fixed Stop & Target (Ticks-Based) [Default]
💡 Best for traders who prefer a structured, predefined risk-reward ratio.
- Stop-Loss and Profit Target are set at a fixed number of ticks from the entry price.
- This method ensures that trades have a consistent risk-reward approach.
- Ideal for scalpers or day traders who want precise exit levels.
🔹 How to Use:
- Set your Stop Loss (ticks) and Profit Target (ticks) values in the strategy settings.
- The strategy will automatically apply these levels to every trade.
✅ Example:
- Stop Loss = 150 ticks
- Profit Target = 200 ticks
2) ATR-Based Stop & Target (Dynamic Volatility-Based)
💡 Best for traders who want stops & targets to adjust based on market volatility.
- The stop-loss and target are calculated using ATR (Average True Range), which adapts to changing volatility.
- A higher ATR means wider stop & target levels; a lower ATR means tighter levels.
- This method is beneficial in volatile markets, where a fixed stop could be too close.
🔹 How to Use:
- Enable “Use ATR-based trailing stop” in the settings.
- The stop and target are calculated dynamically using ATR × a multiplier.
- Adjust the ATR Multiplier to increase or decrease the distance from entry.
✅ Example:
- ATR = 25 ticks
- Stop Loss = ATR × 2 → 50 ticks
- Profit Target = ATR × 3 → 75 ticks
3) ATR-Based Trailing Stop (Adaptive to Market Conditions)
💡 Best for traders who want a stop that follows price movements and locks in profits.
- Unlike the previous ATR method, this one trails behind the price as it moves in your favor.
- The stop adjusts dynamically to prevent early exits in trending markets.
- This is useful for swing traders who want to maximize profits while minimizing risk.
🔹 How to Use:
- Enable “Use Separate ATR for Trailing Stop” in the settings.
- Set Trailing ATR Period (number of bars used to calculate ATR).
- Adjust Trailing ATR Multiplier (higher values = wider stop).
✅ Example:
- ATR = 30 ticks
- Trailing Stop = ATR × 1.5 → 45 ticks below/above price
- If price moves up, the stop follows but never moves downward.
How to Choose the Best Stop-Loss & Target Approach
| Method | Best For | Pros | Cons |
|---|---|---|---|
| Fixed Stop & Target (Ticks-Based) | Scalping, day trading | Simple, predictable | Does not adapt to volatility |
| ATR-Based Stop & Target | Volatile markets | Adjusts to market conditions | Can be too wide in low volatility |
| ATR-Based Trailing Stop | Swing trading, trend following | Locks in profits, minimizes risk | Can get stopped out early in choppy markets |
Trade Execution & Visualization
The strategy plots entry & exit points on the chart:
✔ Buy Signals → Green Arrow Up
✔ Sell Signals → Red Arrow Down
✔ Stop & Target Levels → Dashed Lines
✔ Trailing Stop (if enabled) → Adapts dynamically
Each trade is also marked with text:
📌 “LEntry” → Long Entry Price
📌 “LExit” → Long Exit Price
📌 “SEntry” → Short Entry Price
📌 “SExit” → Short Exit Price
How to Set Up the Strategy in NinjaTrader
1️⃣ Load the Strategy
- Open NinjaTrader and go to Strategies.
- Select SuperTrendStrategyV2 from folder PropTraderz
2️⃣ Choose Your Stop & Target Method
- Use Fixed Ticks (default) OR
- Enable ATR-Based Stops under “Trailing”.
3️⃣ Set Parameters
- Adjust ATR Period & Multiplier for SuperTrend signals.
- Adjust Stop Loss (ticks) & Profit Target (ticks) for fixed stops.
- If using ATR-Based Stops, set the Trailing ATR Period & Multiplier.
4️⃣ Apply to Chart
- Click Enable to activate the strategy.
- Watch for buy & sell signals along with plotted trade entries/exits.
Final Thoughts: Which Stop & Target Approach is Right for You?
✅ If you prefer a structured approach: → Use Fixed Stop & Target (Ticks-Based)
✅ If you want stops to adjust based on volatility: → Use ATR-Based Stop & Target
✅ If you want an adaptive stop that follows price: → Use ATR-Based Trailing Stop
By providing multiple options, this strategy ensures traders can customize their risk management based on market conditions and personal trading style.
💡 Want to discuss this strategy with fellow traders? Join us on Discord!
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📢 Disclaimer
This strategy is for educational purposes only and should not be considered financial advice. Always test in a demo environment before using real capital.