Cross-Asset Trend Filters and Equity Drawdown Controls for Strategy Entries

Summary

The supplied script begins a long-only strategy framework that combines signals from SPY, QQQ, Bitcoin, and the chart's current instrument. It calculates daily moving averages and uses Bitcoin trend, price structure, and one-day momentum to form a bullish condition, with SPY's short average as an additional assist. SPY's all-time-high tracking drives a crash state and an entry filter when highs have been stale unless price is sufficiently above its long moving average. The visible risk controls include a hard stop, a peak-equity drawdown limit, and a QQQ weakness stop.

The document is cut off partway through the equity drawdown calculation, so the complete entry and exit logic cannot be established from the provided text. It includes no backtest configuration or results. The cross-asset filters rely on daily data while the strategy may run on another chart timeframe, and the excerpt does not show how those signals are synchronized or how all risk controls are applied. The title's claim about passing prop firm challenges is not evidence of that outcome.

Key ideas

• The visible script combines daily SPY, QQQ, and Bitcoin indicators with current-chart averages.
• Bitcoin trend, structure, and momentum contribute to a bullish market filter.
• SPY all-time-high tracking is used to identify a large drawdown and restrict entries after stale highs.
• Visible risk inputs include a hard stop, peak-equity drawdown limit, and QQQ weakness stop.
• The supplied excerpt ends before the full strategy logic and contains no reported backtest results.

Tags

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