[PickMyTrade] Trend strategy for Long by pickmytrade_io
By pickmytrade_io
Performance Metrics
- Author: pickmytrade_io
- Symbol: CME_MINI:MNQ1!
- Timeframe: 5 minutes
- Net P&L: +2,472.50 USD (+0.25%)
- Win Rate: 54.3%
- Profit Factor: 2.701
- Max Drawdown: 388.00 USD (0.04%)
- Total Trades: 35
Description
This strategy detects descending trend resistance using pivot-based trendlines and enters long positions when price confirms a breakout above a validated trendline. It is designed to capture bullish trend reversals with strict risk control and flexible exit management.The system focuses on structural market behavior rather than indicators, making it suitable for traders who prefer price-action-based decision making.USAGEThis strategy automatically builds trendlines from confirmed pivot highs. A trendline is considered valid only when price has interacted with it a user-defined number of times, ensuring that trades are taken only from well-formed market structures.A trade is triggered when price closes above a validated descending trendline while optional session and position limits are respected.All risk and position sizing are calculated automatically based on the selected risk amount and stop-loss distance.HOW IT WORKSThe strategy identifies swing highs using pivot logic and connects them into descending trendlines. Each trendline must meet a minimum number of touch confirmations before becoming eligible for trading.When price closes above a valid trendline, the strategy calculates:Stop-loss placement below the most recent pivot lowPosition size based on fixed monetary riskProfit targets based on the selected exit methodEXIT METHODSThree exit models are supported:Risk–Reward RatioUses a fixed multiple of the defined risk distance to set the take-profit level.Lookback Candle ExitExits trades when price shows structural reversal behavior based on recent candles.Fibonacci TargetsUses Fibonacci extensions derived from recent swing structure to trail profits dynamically.An optional trailing stop can also be enabled to protect open profits.FEATURESAutomatic pivot-based trendline detectionMulti-trendline or single-trendline operationDynamic position sizing based on monetary riskPivot-based stop-loss placementMultiple exit methodologiesOptional trailing stopOptional trading session filterFully visualized trendlines, stop levels, and profit targetsSETTINGSTrend DetectionPivot Length for TrendTouch NumberValidation PercentageOptional Pivot-to-Pivot ConfirmationRisk ManagementFixed Risk AmountDefault Contract Size OptionStop-Loss BufferTrailing Stop ToggleTake-ProfitExit Method SelectionRisk-Reward RatioLookback Candle LengthFibonacci Extension LevelsSession FilterEnable/Disable Session TradingTrading Session Time Window