Sovereign Trend Strategy [JOAT]

Sovereign Trend Strategy [JOAT] at a glance

Kind of rule	Joining a move (trend following)
Buys or sells	It can buy, and it can bet on falling prices.
Built on	ADX / DMI, ATR, EMA, RSI, SMA
Where it was published	TradingView, by its author, as a Pine Script strategy
Tested on	67 cells: 15 coins, October 2021 to June 2026, no fee
Cells that placed a trade	65 of 67
Middle result before fees	−99.9%
Cells above zero	1 of 65
Middle drawdown before fees	101.4%
Page updated	2026-11-08

Sovereign Trend Strategy [JOAT] backtest results, every cell

Every cell is in the picture, not only the strongest. To the right of the black line is above zero. The orange line, when you see one, is the middle.

How Sovereign Trend Strategy [JOAT] works

Rules in this group usually work like this. It waits until price is already moving, then joins that move. It is wrong in small ways many times, and right in a large way a few times. The hard part is the stretch where price chops around and every entry is a fake. The next paragraph is this particular rule, which can be narrower than the group.

It can buy, and it can bet on falling prices. It acts only when several checks agree at once. It leans on ATR, DMI, EMA, RSI; those names are explained on their own pages, further down. The exact line is in the list below, in the author's names, and you can skip that list. It gets out when another set of checks agrees. That line is in the list below too.

Each trade uses the whole account. It holds one trade at a time.

The exact condition, from the code

Same rule, translated from the code, in the author's names. You can skip this list if the paragraph above was enough.

• Enters long when x up and (not (Enable ADX Filter (off)) or ADX is at or above Min ADX (trend threshold) (18)) and RSI long ok and volume ok and base ok and the bar index is at or above warmup and not (Enable Date Filter (off)) and Allow Long Trades (on) and the number of open trades equals 0.
• Enters short when x dn and (not (Enable ADX Filter (off)) or ADX is at or above Min ADX (trend threshold) (18)) and RSI short ok and volume ok and base short ok and the bar index is at or above warmup and not (Enable Date Filter (off)) and Allow Short Trades (on) and the number of open trades equals 0.
• Closes the position when a long position is open and the number of open trades is above 0 and the low is at or below (the close − (Stop-Loss ATR Mult (1.8) × the 14-period ATR)).
• Closes the position when a long position is open and the number of open trades is above 0 and not (the low is at or below (the close − (Stop-Loss ATR Mult (1.8) × the 14-period ATR))) and not (tp1 hit) and the high is at or above (the close + (TP1 ATR Mult (2.5) × the 14-period ATR)).
• Closes the position when a long position is open and the number of open trades is above 0 and not (the low is at or below (the close − (Stop-Loss ATR Mult (1.8) × the 14-period ATR))) and not (not (tp1 hit) and the high is at or above (the close + (TP1 ATR Mult (2.5) × the 14-period ATR))) and tp1 hit and the high is at or above (the close + (TP2 ATR Mult (4.5) × the 14-period ATR)).
• Closes the position when a long position is open and the number of open trades is above 0 and not (the low is at or below (the close − (Stop-Loss ATR Mult (1.8) × the 14-period ATR))) and not (not (tp1 hit) and the high is at or above (the close + (TP1 ATR Mult (2.5) × the 14-period ATR))) and not (tp1 hit and the high is at or above (the close + (TP2 ATR Mult (4.5) × the 14-period ATR))) and Use Trailing Stop (on) and tp1 hit and the low ….

Buys or sells	It can buy, and it can bet on falling prices.
Tools it calculates	ADX / DMI, ATR, EMA, RSI, SMA
A second chart speed	No. It uses one chart speed only.
Only at certain hours	Yes. It only acts during set hours.
Adding to a trade	It holds one trade at a time.
How much it trades	Each trade uses the whole account.
Cost the author assumed	The author assumed a trading cost of 0.05 percent per side.

Default settings

The test used the defaults in the middle column. Nothing was turned to help a coin.

Setting	Default	Group
Fast SMEMA Length	2
Slow SMEMA Length	5
Baseline SMEMA	15
ADX Length	14
Min ADX (trend threshold)	18
Enable ADX Filter	off
RSI Length	14
RSI Bull Min	52
RSI Bear Max	48
Enable RSI Filter	off
ATR Length	14
ATR Smooth (squeeze filter)	20
Min Vol Ratio (ATR/AvgATR)	0.8
Enable Vol Ratio Filter	off
Enable Baseline Filter (close vs SMEMA baseline)	off
Stop-Loss ATR Mult	1.8
TP1 ATR Mult	2.5
TP2 ATR Mult	4.5
Use Trailing Stop	on
Trailing Stop ATR Mult	1.5
Max Bars in Trade	10
Allow Long Trades	on
Allow Short Trades	on
Enable Date Filter	off

and 7 more settings, left at the author's defaults.

How the backtest was run

Every strategy was tried the same way, on the settings the author published.

The years are October 2021 to June 2026. The prices are from Bybit, for 13 widely traded coins, mostly on hourly, 4-hour and daily charts, with some faster charts. That was 47,242 tries. The window stored in the files is 2021-09..2026-06.

599 rules produced a finished try. A rule that finished above zero on at least 12 cells, before any fee, was tried again with a fee of 0.12 percent per side. Only buys are counted in that second try. 273 rules got it.

The method, the aggregate results and a downloadable table are on the study page. What the desk does with the results beyond these pages is its own.

Before any fee, it was tried on 67 cells. It placed a trade on 65 of them. 1 of the cells that traded finished above zero (1.5%).

It was not run a second time with a fee. That second pass happens only when at least 12 cells finished above zero before fees. 273 rules got that pass.

Cells tried	67
Cells that placed a trade	65
Finished above zero	1 (1.5% of the cells that traded)
Middle result, before fees	−99.9%
Strongest cell, the top of the range	BNB daily: +2.3%
Weakest cell, the bottom of the range	AVAX hourly: −818.3%
Middle drawdown, before fees	101.4%

Label: backtest · old prices, zero commission · Oct 2021 – Jun 2026. Hypothetical results; see the risk disclosure.

How to read the result

How to read the number

The median of every cell that traded is the result. No fee has been taken off, so the number is a ceiling. A fee comes off each trade, and this page does not guess that cost, because this rule did not get the second pass where the fee is applied. The weakest and the strongest cells are not a result on their own.

The middle drawdown, on the cells that traded, was 101.4%.

What this does not show

The useful question, for a rule that joins a move already underway, is what it gave back in the choppy months when there was no trend to join.

Nothing on this page was fit to the cell that finished highest. One coin, one chart speed, or one strong stretch is a single row. It is not the rule. Other years, another exchange, or another fee would be a different measurement.

Questions about Sovereign Trend Strategy [JOAT]

Words used on this page

Backtest

The rule was tried on old prices. No real money moved.

Cell

One coin on one chart speed. Bitcoin every 4 hours is one cell. Bitcoin once a day is another.

Chart speed

How often a new price bar is drawn. 15m means every 15 minutes, 1h means hourly, 4h means every 4 hours, 1D means once a day.

Fee, per side

A cost taken each time the rule trades. Per side means once on the way in and once on the way out.

Median

Line the cells up from the biggest loss to the biggest gain. The median is the middle one. Half the cells did better and half did worse.

Drawdown

The deepest fall from a high point along the way, as a percent of the account at that high.

Above zero

The account finished with more than it started.

The indicators Sovereign Trend Strategy [JOAT] uses

Each has its own page: what it measures, how it is read, where it misleads.

• ADX and the directional movement index: how strong the trend is, not which way
• ATR (average true range): the volatility number behind most stops
• Exponential moving average (EMA): what it measures and where it misleads
• RSI (relative strength index): the formula, the 70/30 rule, and why it misleads in trends
• Simple moving average (SMA): the plainest average, and why it still runs half the strategies

"Sovereign Trend Strategy [JOAT]" was published on TradingView by its author, under the author's own license. This page is an independent reading of those rules and of what they did on these old prices. It is not written with the author, and it is not a recommendation. Not every detail survives the translation onto this page, so read the original before you rely on it.