Live Prop Firm Trading - Trading Bot - 1 NQ

2024年12月16日

• How It Works:
  

This script uses a combination of chart patterns, price action, and volume analysis to detect key market conditions. When these specific conditions align, the script generates actionable trade signals that guide you in making informed decisions about when to enter or exit the market. However, it is important to note that this tool does not automate your trades entirely—it is designed to complement your decision-making process, providing insights while leaving the final call in your hands.

The script’s logic is built around market catalysts—such as significant price movements, changes in volume, and specific chart patterns—that indicate high-probability trade opportunities. These catalysts are identified by the script's calculations, which analyze price data in real-time. Once these patterns are detected, the script issues signals that correspond to potential market opportunities.

This script is most effective when used alongside the ADX (Average Directional Index) indicator. The ADX helps gauge market strength, allowing traders to manually decide when to activate the bot. For convenience, you can set manual alerts on the ADX indicator through TradingView to notify you when certain thresholds are met.
(Note: The ADX indicator is not part of this script and must be added separately.)

It’s important to emphasize that manual intervention is required to activate and de-activate the script based on market conditions. The script assists with identifying opportunities, but you remain in full control of your trades. This means you can adjust the activation of the script according to your risk preferences and market outlook. The script’s signals act as a guide, not a mandate.

• Backtesting Information
  

This tool was backtested daily in Excel from October 14, 2024, to January 2, 2025, covering 44 trading days with over 165 trades (precise count not specified). The testing focused on metrics such as drawdowns and daily P&L.

• Key Backtesting Results (1 NQ contract):
  

Biggest Drawdown per Day: -8 points (x$200 = -$1,600)
Biggest Monthly Drawdown: -11 points (x$200 = -$2,200)
Best Day Profit: 16 points (x$200 = $3,200)
Best Monthly Profit: 40 points (x$200 = $8,000)
Net P&L: 112 points (x$200 = $22,400) over 55 trading days.
Each 1 point is $10 price move on NQ which is also $200 with 1 NQ contract

Backtesting Notes:

Trades were executed during 10:30 AM - 2:30 PM EST, only when the ADX was below 23, indicating favorable conditions to activate the bot.
Win/Loss Ratio: 81%, but past performance is not indicative of future results.
The testing adhered to a $3,000 daily loss limit, which was not breached but remains a possibility in changing conditions.
Data was sourced from the NQ chart on a 1-second timeframe using limit buy/sell orders, not market orders.

• Slippage Disclaimer:
  

The backtesting assumes a slippage of $2.14 per trade (entry and exit combined), totaling $4.28 per round trip, based on my broker's typical costs. Actual slippage may vary depending on your broker and prevailing market conditions.

• What Makes This Tool Different:
  

Precision Signals: The script identifying specific market conditions with precision, providing reliable entry and exit signals based on calculated thresholds.
Manual Alerts Integration: While alerts are not built into this script, you can manually set alerts using the ADX indicator to enhance your decision-making and timing.
Manual Control: This script provides insights and automation, but you maintain full control. You decide when to act, ensuring your trades align with your risk tolerance and strategy.
Simplified Interface: Designed to be user-friendly, the script keeps charts clean and easy to read, ensuring you focus on actionable insights without unnecessary clutter.

• Important Reminders:
  

1. This script does not guarantee profits or success. It’s a tool to assist your trading, not a magic solution.
2. You need to have basic knowledge of how to use TradingView and its indicators like ADX to make the most of this script.
3. Using this tool responsibly is very important. Make sure you fully understand how it works before relying on it for your trades.
4. To automate this strategy you require to subscribe with a compatible trading software
5. The script is invite-only and subject to TradingView's Terms of Use. Sharing or replicating it without permission violates platform rules.

2024年12月17日

版本注释

Contract Change Update - Testing New Contract - Beta

2024年12月17日

版本注释

Contract Change Update - Testing New Contract

2024年12月17日

版本注释

Contract Change to NQH2025

3月17日

版本注释

Contract Change: NQH2025 to NQM2025