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5m Trend Continuation Strategy [With Dashboard]
Overview: This strategy is designed for Intraday Trading on the 5-minute timeframe. It focuses on capturing "Trend Continuation" moves by identifying pullbacks to the EMA and entering when the price resumes the trend. It includes a built-in Performance Dashboard and a strict Risk Management system.
📈 Strategy Logic:
The strategy combines Trend, Momentum, and Price Action:
Trend Filter (EMA 21):
Buy: Price must be above the 21 EMA.
Sell: Price must be below the 21 EMA.
Momentum Filter (RSI 14):
Trades are only taken if RSI is in favor (RSI > 50 for Buy, RSI < 50 for Sell).
Entry Setup (Pullback & Breakout):
The strategy waits for a valid pullback candle (Signal Candle).
Once a signal is confirmed, it marks a "Ready" level (High/Low + Buffer).
Entry: A trade is triggered immediately when the price crosses this level (Stop Limit Order).
Setup Validity:
If the entry is not triggered within Max Break Candles (default 3), the setup is automatically cancelled to avoid stale trades.
🛡️ Risk Management:
Stop Loss (SL): Placed dynamically at the recent swing High/Low with a buffer.
Target (TP): Calculated based on a fixed Risk:Reward (RR) Ratio (Default: 1.5R).
Intraday Square-off: Forces exit at a specific time (Default: 23:40) to close all positions before the market ends.
✨ Key Features:
Performance Dashboard: Shows Net Profit, Win Rate, Drawdown, and Profit Factor directly on the chart.
Alerts Included: Ready, Entry, Target, SL, and Setup Cancel alerts are pre-configured.
No Repainting: Uses bar confirmation for signals and real-time tick data for execution.
Clean Visuals: Plots Entry, SL, and Target lines on the chart for active trades.
⚙️ Default Settings:
Timeframe: 5 Minutes
EMA Length: 21
RSI Length: 14
Risk:Reward: 1.5
Buffer: 0.10 (Fixed Points)
⚠️ Disclaimer: This strategy is for educational purposes only. Past performance does not guarantee future results. Please backtest on your specific instrument before using it with real capital.
📈 Strategy Logic:
The strategy combines Trend, Momentum, and Price Action:
Trend Filter (EMA 21):
Buy: Price must be above the 21 EMA.
Sell: Price must be below the 21 EMA.
Momentum Filter (RSI 14):
Trades are only taken if RSI is in favor (RSI > 50 for Buy, RSI < 50 for Sell).
Entry Setup (Pullback & Breakout):
The strategy waits for a valid pullback candle (Signal Candle).
Once a signal is confirmed, it marks a "Ready" level (High/Low + Buffer).
Entry: A trade is triggered immediately when the price crosses this level (Stop Limit Order).
Setup Validity:
If the entry is not triggered within Max Break Candles (default 3), the setup is automatically cancelled to avoid stale trades.
🛡️ Risk Management:
Stop Loss (SL): Placed dynamically at the recent swing High/Low with a buffer.
Target (TP): Calculated based on a fixed Risk:Reward (RR) Ratio (Default: 1.5R).
Intraday Square-off: Forces exit at a specific time (Default: 23:40) to close all positions before the market ends.
✨ Key Features:
Performance Dashboard: Shows Net Profit, Win Rate, Drawdown, and Profit Factor directly on the chart.
Alerts Included: Ready, Entry, Target, SL, and Setup Cancel alerts are pre-configured.
No Repainting: Uses bar confirmation for signals and real-time tick data for execution.
Clean Visuals: Plots Entry, SL, and Target lines on the chart for active trades.
⚙️ Default Settings:
Timeframe: 5 Minutes
EMA Length: 21
RSI Length: 14
Risk:Reward: 1.5
Buffer: 0.10 (Fixed Points)
⚠️ Disclaimer: This strategy is for educational purposes only. Past performance does not guarantee future results. Please backtest on your specific instrument before using it with real capital.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.