Rule-Based Elliott Wave Strategy by xitaxuta

어제

Strategy Description

This is a rule-based Elliott Wave–inspired trading strategy designed for lower timeframes (e.g., 1-minute).
The strategy converts Elliott Wave concepts into objective, testable rules using swing pivots, Fibonacci retracements, and momentum confirmation.

The core idea is to trade Wave-3 continuation moves after a valid Wave-1 impulse and Wave-2 corrective pullback have been identified.

How it works

Wave 1 Detection
Identifies an impulsive move using pivot structure and a minimum ATR size filter to avoid noise.

Wave 2 Validation
Waits for a corrective structure (A–B–C–like behavior) and validates it using Fibonacci retracement rules (default ~38%–78%).

Entry Logic
Trades are triggered only on confirmation, not anticipation:

Longs: break above corrective resistance (Wave B)

Shorts: break below corrective support (Wave B)

Risk Management
Stops are placed at the true Wave-2 extreme, invalidating the Elliott count if hit.
Position sizing is based on a fixed percentage of account risk.

Targets
Partial profits are taken at R-based levels, with optional continuation targets using Wave-3 Fibonacci extensions.

Momentum Filter
RSI is used as a confirmation filter to align momentum with the expected Wave-3 direction.

Design Philosophy

No subjective wave drawing

No prediction of tops or bottoms

Structure → confirmation → execution

Focused on high-momentum continuation, not reversals

This strategy is best suited for active intraday trading and performs optimally in markets with sufficient volatility.

Important Notes

Elliott Wave concepts are approximated using objective rules.

The strategy waits for confirmation and may appear “late” by design.

Results depend on market conditions, timeframe, and parameter selection.

16시간 전

릴리즈 노트

🚀 Rule-Based Elliott Wave Strategy

Designed for Momentum Expansion & Precision Entries

This is a proprietary, rule-based trading strategy inspired by Elliott Wave principles and engineered for lower-timeframe momentum trading.

The goal is simple:
identify high-quality continuation opportunities and enter as momentum expands, while strictly controlling risk.

Rather than subjective wave counting or discretionary pattern guessing, this system is built around objective market behavior, allowing it to be tested, optimized, and executed consistently across different market conditions.

🔹 What makes this strategy different

Focuses on early participation in strong directional moves

Designed to avoid chop and low-quality setups

Uses adaptive market context instead of fixed indicators

Fully systematic and backtest-friendly

Built with risk control and capital preservation as a core priority

🔹 Who this is for

Traders who like Elliott Wave concepts but want clear, mechanical execution

Scalpers and intraday traders seeking structure + momentum

Traders who prefer rules over discretion

Anyone looking for a repeatable, disciplined framework

⚠️ Important Notes

This script is intended for educational and research purposes.
No strategy guarantees profits, and proper risk management is essential.