Execution Signals Breakout Strategy MTF by Latibonit15
By Latibonit15
Performance Metrics
- Author: Latibonit15
- Symbol: CME_MINI:MNQ1!
- Timeframe: 1 minute
- Win Rate: 54.4%
- Profit Factor: 2.036
Description
A mechanical price action breakout strategy for intraday futures (built on NQ/MNQ/ES/MES). Signals form on a higher timeframe; execution happens on the chart timeframe. Designed to run on a 1-minute chart with a 13-minute signal timeframe (both configurable — chart TF must be below signal TF).SIGNALS (detected on signal-TF bar close)- Failure to Go High — price exceeds the prior bar's high but closes back at or below it, leaving an upper wick (a trapped breakout)- Failure to Go Low — the mirror on the downside- Inside Bar — the full range held within the prior bar (compression)Each pattern can be toggled independently. Failures can be filtered by minimum range.ENTRYThe signal bar's high and low form a bracket. Within the next signal-TF window only, the first chart-TF close beyond either side enters in that direction — long above, short below. The market picks the side: a failure high that then breaks higher is traded long on the logic that clearing a level that just rejected shows strength.One shot per setup: if the window expires without a confirming close, the setup is void. Once one side triggers, the other side is dead — no flipping. A newer signal replaces an older pending one.RISK & SIZINGStop rests at the signal bar's opposite wick (touch fill). Target is an R-multiple of the entry-to-stop distance (default 2R, adjustable). Sizing: 1 contract on failures, 2 on inside bars. One position at a time.OPTIONAL TRADE MANAGEMENT (mutually exclusive, off by default)- Break Even Mode — after price moves a set number of points in favor, exit if a chart-TF close returns to entry- Close At Target Mode — bank the trade on the first chart-TF close beyond the point thresholdSESSIONEntries allowed from 6:00 PM ET; no signals or entries 4:00–6:00 PM ET; all positions force-closed 4:09 PM ET. Never holds overnight.ON-CHART TOOLS- Position boxes — every trade is marked with its risk (red) and reward (green) zones, frozen on chart after the trade closes- Day-Set Levels — each evening at 6 PM the script deploys that day's context like pivots: previous RTH session high/low (yellow) plus Hourly Flip Engine levels (blue) — prices where RTH 1-hour candles flipped color, invalidated when a later RTH 1-hour body closes through them, filtered to within 2× daily ATR of the RTH close. Each set spans one full session and stays on chart as history. Levels are visual context only — they do not gate trades.- Session VWAP (purple)ALERTSTwo conditions: Entry (position opened) and Exit (position closed).BACKTESTING NOTESFills use process_orders_on_close — entries fill at the confirming chart-TF close. Test on a 1-minute chart for execution precision. Results depend on the session template; use extended hours data so evening and pre-market signals are included.