Market structure intraday ES futures strategy - BuySell Zones

2022년 3월 13일

This market structure strategy for ES Mini Futures optimized for intraday market analysis ( RTH ).
Entry condition identified by bearish and bullish market structure.

Support level (Green Lines) is identified based on different variations of price fluctuations followed by the close above the range.
Resistance level (Red Lines) is identified based on different variations of price fluctuations followed by the close below the range.
The idea is to spot areas where market players were fighting for the best price and one side finally won.

Bullish trend is identified by consecutive series of support levels developing in upside direction.
Bearish trend is identified by consecutive series of resistance levels developing in downside direction.

When market develops bullish trend , strategy sets LONG limit order at fresh support level .
When market develops bearish trend , strategy sets SHORT limit order at fresh resistance level .
If there is an open position no new entries are performed.

For longs initial stop is set at previous support level adjusted by ATR.
For shorts stop is set at previous resistance level adjusted by ATR.

Stop trailing is also based on market structure.
If new support level is identified, stop moves to previous support level .
If new resistance level is identified, stop moves to previous resistance level .
There are no target. Strategy either gets stopped at current stop level or exits at session end.

Strategy calculates position size based on the previous market structure and ATR.
Strategy performs compounding position sizing so as account amount increases so does amount of traded contracts.

Usage:
Add script to your favorites and apply it on ES1! 1 minute time frame setting regular trading hours.
Script will print the limit order as well as stop levels according to the rules described above. As trade will progress, script will print levels to move the stop to.

Settings:
I added an option to disable the support and resistance lines printing if you prefer to have clean charts.
You can also change risk % to best fit your trading style.
If you just want to use the support and resistance levels as indicator you can also disable the strategy execution.

Support and Resistance indicator itself is universal and can be used on any market or timeframe.
If you want the strategy to be optimized for other markets or timeframes or have other rule set in mind feel free PM me, we will create the solution that best fits your needs and styles.

Real life trading is not get rich scheme. It is continuous process that involves various steps and dedication. If you are willing to take this path please PM me to enable the strategy for you.

Enjoy!

2022년 3월 22일

릴리즈 노트

Added control for position sizing to change base capital after every trade.
Added previous trading setup cancellation when new trading setup is identified.

2022년 3월 22일

릴리즈 노트

Updated default settings

2022년 4월 1일

릴리즈 노트

Fixed bearish opposing zone filter.
Set the end of session to 3pm central to match the stock market.

2022년 4월 1일

릴리즈 노트

Updated default values

2022년 4월 7일

릴리즈 노트

Fixed bearish Stop Loss Logic

2022년 4월 12일

릴리즈 노트

Fixed re-entry after previous trade was stopped on confirmation bar

2022년 4월 13일

릴리즈 노트

Fixed after hours entry

2022년 4월 17일

릴리즈 노트

Added more room to trailed stop

2022년 4월 17일

릴리즈 노트

Chart adjustment

2022년 4월 19일

릴리즈 노트

Added exit on Trend reversal

2022년 5월 15일

릴리즈 노트

Changed ATR to 40
Added ATR based stop padding

2022년 6월 25일

릴리즈 노트

Added filter by Rollover Week