Strategy_501 de FranPineda by Fran_Pineda
By Fran_Pineda
Performance Metrics
- Author: Fran_Pineda
- Symbol: VANTAGE:SP500
- Timeframe: 5 minutes
- Net P&L: −87.20 USD (−0.87%)
- Win Rate: 45.0%
- Profit Factor: 0.675
- Max Drawdown: 163.93 USD (1.64%)
- Total Trades: 20
Description
**Strategy_501 de FranPineda**Strategy_501 is a New York session liquidity-based strategy built around a predefined 3-hour range.The model first creates a range from **06:00 to 08:59 New York time**. Once that range is completed, the strategy starts tracking the highest high and the lowest low formed by the M5 candles after the range closes.The active entry window runs from **09:00 to 12:30 New York time**.The strategy does not enter immediately after a liquidity sweep. Instead, it waits for price to take one side of the 3-hour range and then places a pending stop order at the opposite post-range extreme.For a **long setup**, price must first take the low of the 3-hour range. After that, the strategy places a buy stop order at the highest M5 high formed after the range close. The stop loss is placed below the lowest M5 low formed after the range close, with a configurable buffer.For a **short setup**, price must first take the high of the 3-hour range. After that, the strategy places a sell stop order at the lowest M5 low formed after the range close. The stop loss is placed above the highest M5 high formed after the range close, with a configurable buffer.The take profit is always calculated using a fixed **1:1 risk-to-reward ratio**. It is not limited to the opposite side of the 3-hour range. If the opposite range level is not far enough to provide a full 1R target, the take profit is extended until the 1:1 RR level is reached.If no entry is triggered before **12:30 New York time**, the pending setup is cancelled and the strategy waits for the next trading day.If a trade is still open at **16:00 New York time**, the stop loss is moved to break even.**Core logic:*** 3-hour New York range: 06:00–08:59 NY.* Entry window: 09:00–12:30 NY.* Liquidity sweep of the range high or low.* Pending stop entry at the opposite post-range M5 extreme.* Stop loss beyond the post-range extreme with buffer.* Take profit always at 1:1 RR.* Break even rule at 16:00 NY.* One trade maximum per day.* Designed for the M5 timeframe.The purpose of this strategy is to study how price behaves after taking liquidity from a key intraday range and whether a later breakout of the post-range structure can offer a cleaner continuation toward a fixed 1R target.