Strategy_500 - Turtle Soup NY V5 M5 Sweep by Fran_Pineda
By Fran_Pineda
Performance Metrics
- Author: Fran_Pineda
- Symbol: VANTAGE:SP500
- Timeframe: 5 minutes
- Net P&L: +143.64 USD (+1.44%)
- Win Rate: 35.3%
- Profit Factor: 1.633
- Max Drawdown: 136.10 USD (1.35%)
- Total Trades: 34
Description
**Strategy_500 – Turtle Soup NY M5 Sweep**This strategy is based on a New York session liquidity model using a predefined 3-hour range.The first step is to build the range between **06:00 and 08:59 New York time**. Once that range is completed, the strategy waits for price to take liquidity above or below the range during the active trading window, from **09:00 to 12:00 New York time**.The logic is simple:Price must first sweep one side of the 3-hour range.For a **long setup**, price must take the low of the range. After that, the strategy waits for a 5-minute Turtle Soup confirmation: the current M5 candle must sweep the low of the previous candle, recover back above that previous low, and close bullish. The entry is taken at the close of that confirmation candle.For a **short setup**, price must take the high of the range. After that, the strategy waits for a 5-minute Turtle Soup confirmation: the current M5 candle must sweep the high of the previous candle, reject back below that previous high, and close bearish. The entry is taken at the close of that confirmation candle.The stop loss is placed beyond the manipulation extreme, using a configurable buffer. The take profit is placed at the opposite side of the 3-hour range.To avoid poor-quality trades, the strategy only enters when the potential setup offers at least a **1:1 risk-to-reward ratio**. If the trade does not reach the minimum RR requirement, no position is opened.The idea behind this model is to avoid entering immediately after a range sweep. Instead, it waits for a second layer of confirmation on M5, trying to capture a cleaner liquidity reversal after the market has trapped breakout traders.**Main concepts:*** 3-hour New York range.* Liquidity sweep of the range high or low.* M5 Turtle Soup confirmation.* Entry at the close of the confirmation candle.* Stop loss beyond the sweep extreme.* Take profit at the opposite side of the range.* Minimum RR filter of 1:1.* One trade per day.This is a liquidity-based reversal strategy designed to study how price reacts after sweeping a key intraday range during the New York session.