5 Price Action Setups — Strategy by asifhkin
By asifhkin
Performance Metrics
- Author: asifhkin
- Symbol: BITSTAMP:BTCUSD
- Timeframe: 1 minute
- Win Rate: 50.6%
- Profit Factor: 1.045
Description
OverviewThe 5 Price Action Setups strategy is a comprehensive algorithmic system designed for institutional-grade market analysis. It integrates trend identification, momentum exhaustion, and structural retests into a single, cohesive framework.How to TradeThe strategy is optimized for 15-minute timeframes but is versatile across multiple assets.Trend Identification: The EMA cross (20/30 period) identifies the primary direction. The EMA color changes dynamically (Green for Bullish, Red for Bearish) to confirm the market bias.Entry Signals:Pullbacks: Enters when price retests the 61.8% Fibonacci zone within an established trend.Momentum Exhaustion: Detects entries when price hits supply/demand zones with contracting body sizes and declining volume, signaling a potential reversal.Triple-Touch: A structural confirmation setup that identifies failing highs/lows in trend-aligned pullbacks.Exit Strategy: The strategy employs dynamic Take Profit levels based on structure (highest/lowest highs/lows) and smart Stop Loss levels based on ATR, ensuring a favorable risk-to-reward ratio.Key FeaturesAutomated Buy/Sell labels and Trend Change triangles.Built-in alert conditions for entry signals and trend reversals.Risk management via max_positions to prevent over-leveraging.