200 EMA Daily Filter - 6 Contracts / 6 TP — Strategy by twohaibi31
By twohaibi31
Performance Metrics
- Author: twohaibi31
- Symbol: CME_MINI:MNQ1!
- Timeframe: 4 minutes
Description
This strategy has been tested primarily on MNQ (Micro E-mini Nasdaq-100 Futures).It may also work on other futures, indices, or symbols, but the settings will likely need to be adjusted for each marketThe strategy uses the 200 EMA together with the direction of the previous completed daily candle.Yesterday green → LONG trades onlyYesterday red → SHORT trades onlyIf yesterday's daily candle was green, wait for price to cross above the 200 EMA, then enter 6 contracts LONG.If yesterday's daily candle was red, wait for price to cross below the 200 EMA, then enter 6 contracts SHORT.When a trade opens:LONG → Stop Loss at the low of the entry candleSHORT → Stop Loss at the high of the entry candleThe strategy enters with 6 contracts. One contract is closed at each profit target:Each TP can be individually enabled or disabled, and all target distances can be adjusted in the strategy settings.By default, once the trade has moved 100 points into profit, the original entry-candle Stop Loss is removed.The 200 EMA then becomes the exit mechanism for all remaining contracts.After the trade has reached +100 points, if price crosses below the 200 EMA, close all remaining LONG contracts.After the trade has reached +100 points, if price crosses above the 200 EMA, close all remaining SHORT contracts.Green previous day → LONG only → cross above 200 EMA → enter 6 contracts → take profits progressively → after reaching +100 points, use the 200 EMA to protect and exit the remaining position.Red previous day → SHORT only → cross below 200 EMA → enter 6 contracts → take profits progressively → after reaching +100 points, use the 200 EMA to protect and exit the remaining position.