Umar Ashraf Strategy [PickMyTrade] by PickMyTrade_Official

By PickMyTrade_Official

Performance Metrics

Description

UMAR ASHRAF STRATEGY [PickMyTrade]A multi-model intraday momentum strategy inspired by Umar Ashraf's trading methodology, built around Power of Three (PO3), VWAP dynamics, and order flow approximation all within Pine Script's capabilities.BACKTEST RESULTS — TSLA | 5-min | Mar 2025 – Apr 2026Metric ValueNet Profit +$29,138 (+29.14%)Buy & Hold Return $22,085 (22.09%)Strategy Outperformance +$7,053 vs Buy & HoldCAGR 27.82%Total Trades 213Win Rate 60.09%Profit Factor 1.63Avg Win / Avg Loss $588 / $543Largest Win / Loss $2,338 / $1,788Max Drawdown 12.46%Sharpe Ratio 0.54Sortino Ratio 1.40Commission Paid $16,944Initial capital: $100,000 | Commission: 0.1% | Slippage: 2 ticksOPTIMIZED SETTINGS USED (TSLA 5-min)Sweep Lookback: 10 bars | Sweep Margin: 0.5%ADX Length: 11 | ADX Min Strength: 21R:R Target: 4.0 | VWAP Reclaim Lookback: 5Min Body (ATR x): 1.0 | Volume Multiplier: 1.3SMT Divergence: ON (reference: QQQ)Max Trades/Day: 10 | Cooldown: 7 barsPartial TP at 1R: ON | Breakeven: OFFTRADING MODELSM1 — Power of Three (PO3) Sweep & RejectionDetects liquidity sweeps of PDH/PDL/PMH/PML followed by sharp rejection. The market fakes out weak hands, then reverses with volume. Highest conviction setup.M2 — VWAP Reclaim with DisplacementPrice reclaims VWAP after being below/above it, confirmed by a strong displacement candle and institutional volume. Requires HTF bullish/bearish bias alignment.M4 — Absorption ReversalIdentifies absorption candles (high volume + tiny body + long wick) at key structural levels. Combined with CVD delta divergence — the closest approximation to Umar's footprint chart reads in Pine Script.M5 — EMA 21 Pullback (Trend Continuation)On trending assets (NQ, Gold, BTC), price rarely sweeps key levels. This model catches pullbacks to EMA 21 in an active trend, with bias and EMA stack confirmation.ORDER FLOW ENGINESince TradingView cannot access real footprint/DOM data, this script approximates order flow using:Volume Delta via Close Location Value (CLV)Cumulative Volume Delta (CVD) — rising/falling trend detectionDelta Divergence — price new high but CVD not confirming = exhaustion signalAbsorption Detection — large volume + tiny body at structural levelsBlock Trade Detection — institutional-sized volume barsVolume Imbalance — buy% vs sell% skew per barRISK MANAGEMENTStructural Stop Loss: 3-bar swing low/high + ATR bufferMinimum R:R required before any entry fires (configurable, tested at 4:1)Partial TP at 1R (50% off), remainder runs to full targetBreakeven stop option (move SL to entry after 1R profit)Daily trade limit and cooldown between tradesDaily max loss circuit breaker (5%)EOD flat close at 15:55 ETFILTERSADX trend strength filter — no entries in choppy marketsEMA 9/21 intraday stack — trade only in direction of momentumEMA 50 long-term filter — prevents counter-trend tradesHTF 4H structural bias via price action (higher highs/lows)SMT Divergence (optional, tested with QQQ reference)US Morning Session 9:30–13:00 ET (auto-detects asset type)ASSET COMPATIBILITYWorks on Stocks, Futures (NQ, ES, Gold, Silver, BTC), Forex, and Crypto.Recommended timeframe: 5-minute chart.For futures, enable Fixed Qty mode and set contracts manually.Note: True order flow requires footprint chart data (Level 2, DOM, tape). This script approximates using volume delta analysis. Past performance does not guarantee future results. Settings shown are optimized for TSLA each asset requires independent optimization. For educational purposes.© PickMyTrade

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