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The question is what type of trendfilter is to be used, momentum based or short term volatility. The SuperTrend uses short term volatility (a close below the stop line), the BrainTrend uses the Stochastics, the Parabolic Stop has an acceleration factor, which also incorporates a time element. The DevStop currently uses momentum, as the underlying trend filter is a moving average.
The weakness of using a moving average is that it is not related to the fact whether the bands are hit or not. By definition you would stay in a trade until your stop is hit, so the trendfilter should not turn red, while you are still in a long trade. If it does turn red, you should use that information to exit the trade, that is prior to your stop being hit, which is a contradiction.
The next question is, whether to use a stop-and-reverse concept. As it is my conviction that the DevStop should not be used to enter trades but to exit them based on volatility, there is no argument against the stop-and-reverse approach. That means that it will possibly best work combined with a trend filter based on volatility, if need modulated as the BrainTrend.
