Tap'n'Slap (TnS) v6.2 — Strategy by TedDibiase21
By TedDibiase21
Performance Metrics
- Author: TedDibiase21
- Symbol: CME_MINI:NQ1!
- Timeframe: 1 minute
- Net P&L: +21,954.00 USD (+2.20%)
- Win Rate: 40.8%
- Profit Factor: 1.584
- Max Drawdown: 9,349.50 USD (0.93%)
- Total Trades: 392
Description
█ OVERVIEWTap'n'Slap (TnS) is a price-action strategy designed for Micro E-mini Nasdaq (MNQ) futures. It identifies Fair Value Gaps (FVGs) — imbalances left by aggressive price movement — and enters when price "taps" back into these zones, aiming to capture the continuation move as price "slaps" toward the next swing pivot.█ HOW IT WORKS1. FVG Detection The strategy scans for bullish and bearish Fair Value Gaps based on a configurable lookback period. FVGs represent institutional footprints where price moved too quickly to fill orders efficiently.2. Entry Logic • Long: Price taps into a bullish FVG from above • Short: Price taps into a bearish FVG from below Entries are taken with market orders when conditions align.3. Take Profit Targeting Profits are targeted at recent swing highs (for longs) or swing lows (for shorts) identified via pivot detection. This provides logical, structure-based exits.4. Risk Management • Trailing Stop: Locks in profits as price moves favorably • Breakeven Protection: Moves stop to entry + offset after initial profit threshold • Max Stop Cap: Limits worst-case loss per trade (default: 75 points / \$450 on 3 contracts)█ KEY FEATURES✓ Pure price action — no lagging indicators✓ Institutional concept (FVG) for high-probability entries ✓ Dynamic profit targets based on market structure✓ Built-in risk controls with capped max loss✓ Optimized for MNQ 5-minute charts█ SETTINGSTrade Management• Trail Points: Distance for trailing stop activation• BE Profit Points: Profit threshold to move stop to breakeven• BE Offset Points: Buffer above breakeven for stop placement• Max Stop Loss: Hard cap on stop distance (protects against gap risk)FVG Settings• Lookback Period: How far back to scan for valid FVGs• Pivot Length: Sensitivity for swing high/low detection█ USAGE NOTES• Designed for MNQ (Micro Nasdaq futures) but adaptable to other instruments• Best performance observed on 5-minute timeframe• Recommended to backtest on your preferred session times• Default settings use 3 contracts — adjust position sizing to your risk tolerance█ DISCLAIMERThis strategy is for educational purposes. Past backtest performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose. Paper trade before going live.