TM 50% Fib Strategy v2.5 by jferheart
By jferheart
Performance Metrics
- Author: jferheart
- Symbol: CME_MINI:MNQ1!
- Timeframe: 1 minute
- Profit Factor: 1.42
Description
TM 50% Fib Bot v2.5 (4H → 15M → 1M)CREDITThis script automates a version of Trader Mike's (@tradermike1234) failed 2 model, with some changes of my own. The model and the idea are his. My contribution is the time spent coding and testing it. The rules below are my interpretation, and any mistakes are mine.WHAT IT DOES1. Bias: when a 4H candle closes as a failed 2, a strong 2, or a 3 (TheStrat candle types), it sets a long or short bias for the next 4H candle only.2. Swing: it finds the 15M move in that direction, from the highest high to the lowest low of the last 24 candles (mirrored for longs), and draws a fib on it. The fib locks once found.3. Entry: it waits for price to pull back to the 50% level, then for a 1M market structure shift that leaves a fair value gap.4. Exit: the stop goes past the start of the swing. The target is 1:1 from the stop, taken at 95%.5. Session: entries from 02:00 to 16:00 New York time, all trades closed at 16:00, max 5 trades a day.HOW TO USE IT- 1M chart: the bot. Status table shows each step and why it is waiting.- 15M chart: a map of the swing and fib.- 4H chart: candle labels only.Every setting is adjustable, including text sizes, colors, and a white/black background toggle. A Settings table on the chart shows the current inputs.BACKTEST (strategy version, MNQ 1M, 4 contracts, $1.60 round-trip commission, NO slippage)- Last 365 days, the period I tuned on: +$29,678, 364 trades, 59.1% profitable, profit factor 1.42, max drawdown $6,480.- Oct 2024 to Oct 2025, not used for tuning: +$12,215, 443 trades, 53.1% profitable, profit factor 1.14, max drawdown $9,223.The second period is the more honest one. The edge is thin and slippage will reduce it.WHAT I LEARNED TESTING IT- A tighter stop behind the 1M pullback lost money. The wide stop is doing real work.- Requiring a 15M failed 2 before marking the fib did not add edge in my tests.- Holding the bias longer than one 4H candle hurt results.LIMITSThis is a backtest, not live results. It has not been traded with real money. Past performance does not predict future results. This is not financial advice, and I am not selling anything.