Set-up This Strategy is design to be used with NQ1! and MES1!
Trading window Start time: 10.15 AM EST Stop time: 2.00 PM EST Stick to this time to enable the strategy. You can use the parameters for this, or do it manually.
Backtest Start Date: Use any date and on time use 10.15 AM EST
Backtest Stop Date: Use any date and on time use 10.15 AM EST
Summary: This strategy should be considered a scalping strategy. It is based on four key indicators: the first is momentum, the second is the choppiness index, the third is VWMA, and the fourth is candlestick patterns.
By combining these four indicators through our algorithm, we have determined the optimal values for entering long and short positions. If VWMA is in an uptrend, the algorithm will favor long positions, and similarly, if it’s in a downtrend, it will favor short positions.
However, this strategy is not just about a single indicator or even a simple mix of the four mentioned above. The real value lies in the configuration parameters, which are based on rigorous analysis and real-time results. For entering long and short positions, a series of conditions must be met. If VWMA is in an uptrend, the algorithm will favor long positions, and similarly, if it’s in a downtrend, it will favor short positions. Additionally, momentum must be within specific band ranges, and the choppiness index should also be within its designated ranges. Finally, we look at the candlestick close on the 2, 3, and 5-minute charts for extra confirmation—green candles support long positions, while red candles support short positions.
The next critical step is determining where to enter the trade and where to place stop-loss and profit targets. This is crucial for controlling risk and minimizing drawdown. All the values and parameters mentioned earlier have been carefully derived from our backtesting process.
發布通知
Updated Sept 15th.
Added ATR Limit as a user-defined input parameter to set the maximum ATR value allowed before entering a trade.