mgc (propfirmpinescripts) — Strategy by AutomatedTrader101
By AutomatedTrader101
Performance Metrics
- Author: AutomatedTrader101
- Symbol: COMEX_MINI:MGC1!
- Timeframe: 30 minutes
- Win Rate: 41.6%
- Profit Factor: 1.509
Description
Daily Regime + VWAP Reclaim Trend StrategyA trend-following intraday strategy that trades pullback reclaims within an established daily regime.How it works:Daily regime filter: Uses daily EMA(5)/EMA(10) to establish a higher-timeframe bias (only trades long in uptrends, short in downtrends)EMA stack confirmation: Requires 9/21/34/50 EMA alignment on the trading timeframe to confirm trend structureSession VWAP + 1 SD bands: Calculated from RTH session start; entries require price to reclaim beyond the 1-SD bandVolume filter: Entry bar must exceed the 20-period volume averageRisk management: Stop placed beyond the entry bar's high/low (capped at 50 ticks), fixed 3:1 reward-to-risk targetSession/frequency limits: Trades only within a defined RTH window, max 3 entries per day, force-flat at session endNotes:Designed and tested on futures — backtest thoroughly on your instrument/timeframe before live useNo repainting: all higher-timeframe data uses lookahead_offThis is a mechanical trend/pullback system, not a reversal or mean-reversion strategyPast performance in backtesting does not guarantee future results — use proper risk management and position sizing