NexTrade Strategy 1.1 - Backtest by Daniel_Rios
By Daniel_Rios
Performance Metrics
- Author: Daniel_Rios
- Symbol: OANDA:XAUUSD
- Timeframe: 30 minutes
Description
Structure, Liquidity, and Zones with Technical ConfirmationAn indicator based on Smart Money Concepts (SMC), designed for futures trading across timeframes ranging from 5 minutes to 4 hours. It integrates market structure, liquidity sweeps, Order Blocks (OB), and Fair Value Gaps (FVG) with a lightweight technical filter, generating alerts for each event.What it plots on the chart:Bollinger Bands (with configurable length and deviation).Order Blocks (OB): An opposing candle followed by a price move equal to or greater than a multiple (X) of the ATR. These are plotted in green (bullish) or red (bearish), extend to the right, and are automatically removed once the price closes beyond the zone. They are generated only on 30-minute charts or higher (adjustable).Fair Value Gaps (FVG): Three-candle imbalances that meet a minimum size threshold based on the ATR. These are removed once the price fills the gap.BOS / CHoCH: Breaks of Structure (BOS) calculated using confirmed pivots. A Change of Character (CHoCH) is labeled when a break occurs against the prevailing trend.EQH / EQL: Equal Highs and Equal Lows formed between two consecutive pivots, within a tolerance defined by the ATR.Higher Timeframe Context:4-hour trend: Derived from the market structure of the 4-hour timeframe, based solely on the most recently closed 4-hour candle (ensuring no repainting).Liquidity sweeps: Detected on 30-minute, 1-hour, and 4-hour timeframes, confirmed upon the close of the candle for that specific timeframe. Sweeps occurring on timeframes lower than the current chart timeframe are ignored, as they cannot be reliably reconstructed.Trading Signals:LONG / SHORT FAVOR: Signals aligned with the 4-hour trend, triggered when the price touches an Order Block or following a recent liquidity sweep, provided that a minimum number of technical confirmations are met (e.g., RSI, Stochastic, and position relative to the Bollinger Band mean). LONG / SHORT (Counter-trend): Against the 4H trend; also requires a recent CHoCH and FVG, along with additional confirmations.Each signal is marked only once—upon the transition to a new setup—and always at the candle close.