Introduction
SuperTrend Bulls Eye is the world's first self-optimizing SuperTrend indicator, revolutionizing trend-following strategies by automatically determining optimal settings across all markets, chart types, and timeframes.
Key innovations:
- Generation 3 Scanning: Identifies profitable signals and optimal settings simultaneously during scans.
- Auto-Optimization: Dynamically adjusts ATR Period and Multiplier parameters for peak performance.
How the Original SuperTrend Works
Core Principles
SuperTrend, developed by Olivier Seban, is a stop-and-reverse trend-following indicator that:
- Triggers long entries (green triangle) when trends reverse upward.
- Triggers short entries (red triangle) when trends reverse downward.
- Uses a trailing stop based on Average True Range (ATR).
Parameters Explained
| Parameter | Function | Example Settings |
|--------------|--------------------------------------------------------------------------|------------------|
| ATR Period | Lookback period for volatility calculation (e.g., 14 bars). | 5–45 |
| Multiplier | ATR multiple for trailing stop distance (e.g., 2x ATR). | 1–8 |
Limitation: Manual parameter selection leads to inconsistent results across assets/timeframes.
SuperTrend Bulls Eye: The Intelligent Solution
Key Features
Auto-Optimization
- Tests thousands of parameter combinations to find historically optimal settings.
- Platforms: NinjaTrader 8, TradingView, MotiveWave (auto); ThinkOrSwim (manual).
Performance Analytics
- Displays win rates, profit factors, and trade duration statistics.
Example metrics:
- Profit Factor: 2.1
- Win Rate: 68% (Longs), 64% (Shorts)
Generation 3 Scanning
- Scans for signals and optimizes settings per symbol in real time.
Platform Compatibility
| Feature | NinjaTrader 8 | TradingView | ThinkOrSwim |
|-------------------|--------------|------------|------------|
| Auto-Optimization | ✅ | ✅ | ❌ (Manual) |
| Alerts | ✅ | ✅ | ✅ |
| Strategy Builder | ✅ | ❌ | ✅ |
👉 Discover how SuperTrend Bulls Eye boosts trading performance
Optimization Techniques
Auto-Optimization (NinjaTrader/MotiveWave)
- Enable Automatically Optimize Parameters.
- Set parameter ranges (e.g., Multiplier: 1–4, ATR Period: 5–45).
- The indicator backtests combinations and selects the most profitable.
Manual Optimization (ThinkOrSwim)
Follow this 3-step process:
- Multiplier: Test values 1–8 (increment: 1).
- ATR Period: Test 5–25 (increment: 5).
- Fine-tune based on performance stats.
Advanced Features
Trading Styles
- Classic SuperTrend: Standard ATR-based trailing stops.
- Percent Trailing: Overrides ATR with fixed %-based stops (e.g., 2% trailing).
Scanning Workflows
NinjaTrader 8:
- Open Market Analyzer → Add SuperTrend Bulls Eye column.
- Enable Automatically Optimize Parameters.
- Scan by Profit Factor or entry signals.
ThinkOrSwim:
Use prebuilt scans for Buy/Sell signals or sort watchlists by Profit Factor.
FAQs
Q: How does SuperTrend Bulls Eye improve win rates?
A: By backtesting parameter combinations (e.g., 1,200+ tests in NinjaTrader) and locking in statistically optimal settings.
Q: Can I use it for crypto trading?
A: Yes! Auto-optimization adapts to volatile assets like Bitcoin (tested on 5m–4H timeframes).
Q: Is coding required for strategy integration?
A: No—compatible with NinjaTrader’s Strategy Builder and TradingView alerts out-of-the-box.
👉 Learn advanced SuperTrend scanning techniques
Conclusion
SuperTrend Bulls Eye eliminates guesswork from parameter selection, delivering data-driven signals with measurable edge. Whether day trading stocks or swing-trading forex, its self-optimizing engine ensures you’re always using the best possible settings.
Pro Tip: Combine with Percent Trailing mode for reduced whipsaws in choppy markets.