Liquidity run of a defined range during given timeslot and wait for price action reversal pattern (market structure break or candle pattern)

Tâche terminée

Temps d'exécution 90 jours
Commentaires de l'employé
Jonathan has proven to be an outstanding client. His trading ideas are exemplary and he is thoughtful, patient, and forward-thinking. It is very enlightening working with you, sir.
Commentaires du client
A real pleasure to work with this developper. My price action project was quite complex and he successfully passed this challenge I do recommend ++

Spécifications

The time that is given in the algorithm description is in GMT+1

1. Consider the range formed between 02:00 and 7:00AM that we will call "Asian range" (range timeslot must a parameters that can be modified)

2. Wait for any side of "Asian range" to be ran out between from 7:00AM until 9AM and note the last highest or lowest price formed after the liquidity run.
We will call this "Pending liquidity"

3. From 9AM to 9:30AM wait for the "Pending liquidity" to be ran.
NOTE :
If the liquidity run takes place out of this timeslot, the setup is not valid
This timeslot must be modified into a parameter

4. After the "Pending liquidity" is ran out, wait for (2 options)
    1) a market structure break in 1m timeframe that shows a reversal. (see attached snipet as an example)
        - Place a limit order into the most extreme 1 minute fair value gap (imbalance) that originates the market structure break (entry can be set a 0% or 50% of the fair value gap)
        - Stop loss is set behind the ultimate liquidity run
        - Take Profit would be 3R, 5R, Mid or other side of the Asian range (must be a parameter that can be changed ).
        - Lot size must be figured out as per a risk Percentage of the total balance
       
    2) an 5-min engulfing candle pattern that show a reversal.
For example,
    a bearish 5min engulfing if the high of the range has been ran out
    a bullish 5min engulfing if the low of the range has been ran out
    see attached snipet as an example

For a bearish 5min engulfing
    - Place a limit order at the opening price of the 5min bullish candle that precede the 5min bearish engulfing candle
    - Set the Stop Loss at the closure price of the 5min bullish candle that precede the 5min bearish engulfing candle
    - Take Profit would be 3R, 5R, Mid or other side of the Asian range (must be a parameter that can be changed )
    - Lot size must be figured out as per a risk Percentage of the total balance
    
 For a bullish 5min engulfing
    - Place a limit order at the opening price of the 5min bearish candle that precede the 5min bullish engulfing candle
    - Set the Stop Loss at the closure price of the 5min bearish candle that precede the 5min bullish engulfing candle
    - Take Profit would be 3R, 5R, Mid or other side of the Asian range (must be a parameter that can be changed )
    - Lot size must be figured out as per a risk Percentage of the total balance

Note, all placed orders are limit order. Those orders must have a duration before they expires. This duration must be a parameters

Invalidation rules:

1) Price hit mid or other side of the Asian range before pulling back to the entry price

Nice to have feature:

Adding confluence/confirmation based on the area when this setup occurs (supply or demand)

Must to have risk management feature :

- Once price hits a given take profit or threshold, the order must be placed at breakeven

Nice to have risk management feature :

- Being able to take partial profit with a desired percentage at each step

Répondu

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Développeur 6
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Publié : 8 codes
7
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Développeur 8
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(16)
Projets
35
23%
Arbitrage
4
0% / 50%
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Travail
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