Strict 1-Trade/Day SMC + ORB — Strategy by Ross1992gg
By Ross1992gg
Performance Metrics
- Author: Ross1992gg
- Symbol: CME_MINI:MNQ1!
- Timeframe: 5 minutes
- Net P&L: +4,949.00 USD (+49.49%)
- Win Rate: 67.8%
- Profit Factor: 3.106
- Max Drawdown: 1,034.50 USD (9.89%)
- Total Trades: 59
Description
This is a trend-continuation strategy designed to capture intraday volatility after the initial market direction is established. It combines Price Action (Opening Range) to define the bias and SMC mechanics (CHoCH + FVG) for precise entries. The strategy strictly limits trading to one high-probability setup per day to combat overtrading. Key Components 1.The Setup (Opening Range)The strategy ignores the first 15 minutes of the Regular Trading Session (9:30 AM - 9:45 AM EST). The high and low of this period establish the Opening Range (OR).Bullish Bias: Price breaks above the Opening Range High (ORH).Bearish Bias: Price breaks below the Opening Range Low (ORL). 2. Entry Trigger (CHoCH + FVG)Once the bias is established, the strategy waits for a retracement to create a Change of Character (CHoCH) on a lower timeframe, coupled with a Fair Value Gap (FVG). Long Entry: Price breaks above the most recent swing high (CHoCH) and leaves a gap between the low of the current candle and the high of the candle two bars prior (Bullish FVG). Short Entry: Price breaks below the most recent swing low (CHoCH) and leaves a gap between the high of the current candle and the low of the candle two bars prior (Bearish FVG). 3. Risk Management & Exit Strategy Risk is defined immediately based on the opening range. Stop Loss: Placed at the opposite side of the Opening Range ($1R$ Risk).Initial Take Profit ($2R$): The first target is set to two times the range of the opening 15 minutes ($2R$).Immediate Trailing Stop (ATR): Immediately upon entry, a trailing stop loss based on $4 \times$ Average True Range (ATR) is activated to protect capital against sudden reversals. Advanced Management (Partial Exit): If the trade reaches $1R$ profit, or if the $10$ SMA crosses the $20$ SMA in the opposite direction of the trade, $50\%$ of the position is closed. Break-Even Move: If the position is still open $3$ hours after entry, the stop loss is moved to the entry price to guarantee a risk-free trade.best result on nq last 30days 59 trades, P/L +50%, max drawdown 10%, 67% win rate(40/59), profit factor 3.1.To ensure this strategy holds up under different market conditions, it is crucial to backtest it over a long timeframe (e.g., at least 2–3 years of data) to see how it handles both trending and choppy markets in NQ and ES. Once you have tested it, please share your results, specifically for: Total Net Profit, Max Drawdown, Profit Factor, Win Rate. Appreciate it and thanks.