CDLTRD Strategy [JustUncleL] v0.1 by MeliMillionaire247

By MeliMillionaire247

Performance Metrics

Description

his strategy is a heavily modified and automated version of the excellent Candlestick Trend Indicator v0.5 originally created by JustUncleL.I have engineered this specific version for Prop Firm Challenges and funded accounts, focusing on capital preservation while capturing high-probability trend moves.It retains JustUncleL's core Hull Moving Average (HMA) trend ribbon and candlestick pattern recognition, but adds a sophisticated "Defender" layer to filter out chop and manage risk automatically.🚀 Key Features:Trend & Pattern Entry: Trades are only taken in the direction of the Hull MA (20). It looks for high-quality reversals like Engulfing candles, Harami, Piercing Lines, and Pin Bars (Original logic by JustUncleL).The "Defender" Shield (ADX Filter): The strategy includes an ADX filter (default > 20) to completely ignore choppy, sideways markets where most trend strategies lose money.Prop Firm Risk Management:Daily Circuit Breaker: If the account hits a max daily drawdown (default 1.5%), the strategy hard-stops trading for the day to protect your evaluation.Time Enforcement: Automatically closes all positions at 1:00 PM (NY Time) to avoid end-of-day volatility and overnight holding rules.Aggressive Breakeven: Includes a "Move to Breakeven" trigger. Once a trade is 0.5% in profit, the Stop Loss automatically moves to the entry price to secure a risk-free trade.Ghost Automation Ready: This script generates pre-formatted JSON alert messages for Ghost automation (Buy, Sell, Exit), making it plug-and-play for automated trading.⚙️ Recommended Settings:Timeframe: 30 Minute (Optimized for MGC/Gold & MNQ)Stop Loss: 1.0% (Fixed)Breakeven Trigger: 0.5%Contracts: Set your fixed contract size in the inputs.Credits:Original Indicator: JustUncleL (Candlestick Trend Indicator v0.5)Strategy Logic & Automation: Modified by MeliMillionaireRelease NotesThis is the v0.2 update to the Prop Firm Defender strategy. It is a highly modified, automated version of the original Candlestick Trend Indicator by JustUncleL.This strategy is engineered specifically for passing Prop Firm Challenges on Gold (MGC) and Nasdaq (MNQ). It focuses on strict risk management, drawdown protection, and automated execution via Ghost.🔥 New in v0.2:Multi-Stage Take Profits: Added TP1 (Partial Close) and TP2 (Final Target) options. You can now lock in partial profits early (e.g., sell 50% at 1.5%) while letting the rest ride.Fixed Contract Sizing: Replaced percentage equity with a specific Contract Amount input (e.g., trade exactly 2 contracts) for precise position sizing.Ghost JSON Automation: The script now automatically calculates partial exits and generates the correct JSON for Ghost (Buy, Sell, Exit, Close 50%, etc.).🛡️ Core Features (The "Defender" Engine):Trend & Pattern Entry: Trades only with the Hull MA (20) trend. Detects high-quality reversals (Engulfing, Harami, Pin Bars).Choppy Market Filter (ADX): Automatically stays out of the market when ADX is low (< 10), preventing losses during consolidation.Daily Circuit Breaker: If your daily loss hits a set limit (default 1.5%), the bot hard-stops trading until the next session. This prevents "tilt" and protects your max drawdown.Aggressive Breakeven: Moves Stop Loss to entry once the trade is 0.6% in profit to secure a risk-free position.Time Enforcement: Automatically closes all trades at 1:00 PM (NY Time) to avoid end-of-day volatility.⚙️ Recommended Settings (MGC/MNQ):Timeframe: 30 MinuteStop Loss: 1.0% (Fixed)Breakeven Trigger: 0.6%Take Profit 1: 1.5% (Close 50%)Take Profit 2: 3.0% (or use Trailing Stop)Credits:Original Indicator logic: JustUncleLStrategy, Risk Logic & Automation: Modified by MELIMILLIONAIR247

Browse all 5,900+ TradingView Pine Script strategies

View on TradingView