A Multi-Factor Trading System with Confluence-Based Entries and Risk Controls
Summary
This strategy combines several technical frameworks in a configurable system: opening-range levels, market structure, order blocks, fair value gaps, liquidity sweeps, premium and discount zones, Fibonacci levels, volatility regimes, oscillator divergence, and short-period RSI mean reversion. Entry frequency can be adjusted through strictness and minimum confluence settings, with options for partial setups. Trend, volume, volatility, momentum, and session calculations provide additional context for trade selection.
Risk controls include a per-trade risk setting, reward multiple, adaptive profit target and trailing stop options, end-of-day exits, and a daily trade cap. The script also provides chart annotations, alerts, and a performance dashboard. The supplied code is truncated and includes no reported backtest results, so the excerpt does not establish how the components interact in practice or whether the strategy performs well. The many filters and adjustable settings also make results sensitive to configuration and market selection; evaluation would require complete code and careful out-of-sample testing.
Key ideas
- The system combines price structure, gaps, order blocks, liquidity, Fibonacci levels, and oscillator signals.
- A confluence score and entry mode govern how many conditions are needed for a trade.
- Trend, volume, volatility, and trading-session filters provide additional context.
- Risk settings include trade-level sizing, target and stop options, session exits, and a daily trade limit.
- The code excerpt is incomplete and provides no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.