A Long-Only Nasdaq Strategy with Cross-Market Filters and Equity Stops

Summary

This daily-chart strategy seeks long exposure using signals from the Nasdaq alongside market context from the S&P 500 and Bitcoin. Its main entry filter requires S&P 500 lows to remain above a 21-day EMA for several sessions, QQQ lows above short EMAs, no recent sequence of falling QQQ closes, and an S&P 500 ADX reading above a threshold. A separate Bitcoin condition can also authorize entry when its short-term trend, structure, and momentum align with the S&P 500. Position quantity is based on equity, leverage, and the chart’s closing price.

Risk and exit logic includes a hard percentage stop from average entry price, a maximum drawdown from peak trade equity, and QQQ weakness or broader trend deterioration exits. A crash and recovery state can defer ordinary exits until the S&P 500 recovers its prior high, subject to the hard stop. A stale-high filter also affects entries. The code offers adjustable parameters and an equity table, but the document reports no verified returns or challenge outcomes. It is long-only, holds across sessions, and relies on cross-symbol daily data; behavior may depend on chart symbol, timeframe, data alignment, and execution assumptions.

Key ideas

• Entries combine S&P 500 trend and ADX conditions with QQQ price filters, while a Bitcoin trend condition can provide an alternative signal.
• Position size scales with account equity and a leverage setting.
• A hard price stop and peak-equity drawdown rule constrain losses, while market weakness conditions govern ordinary exits.
• Crash-recovery logic may hold a position until the S&P 500 reaches its prior high, unless the hard stop is triggered.
• The supplied code describes a configurable strategy but gives no evidence of profitability or prop-firm success.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.