We all must have come across this wonderful multicolored Rubik’s cube at some point of our life. Many of us must have enthusiastically tried a lot to solve this cube. Almost everyone must have left it halfway unsuccessfully. Rubik’s cube and trading are very much similar in all manners except the reward part, winning the cube won’t make you a lot of money, winning at trading would surely help you make lots of profits.
Supertrend is a trend following indicator, which has around 40-45% hit ratio in five minute time frame. This means out of hundred trades (long + short) taken on basis of supertrend, approximately 45% will hit the target and in 55% the stoploss will be taken out. Even with this hit ratio supertrend is a clear winner because of using trend following.