Double Tap: Session Reversals and Breakouts at Key Price Levels

Summary

The visible portion of this strategy combines reversal signals near prior-day or premarket extremes with breakouts through those levels. It tracks prior-day highs, lows, and midpoint, along with premarket and current-session extremes. A reversal setup looks for a candle with a long wick relative to its body near a prior-day or premarket high or low; the signal must also agree with a directional bias based on the prior-day midpoint and occur during designated trading sessions. The code limits reversal signals to three per day.

A separate break-of-structure section begins by detecting closes beyond premarket or prior-day levels, or beyond recent session extremes, and records the breakout high or low. The excerpt stops in the early-scout section before showing the rest of the entry rules, exits, or dynamic stop and target logic advertised in the strategy name. It includes ATR and risk-reward inputs but does not show their use in the provided portion. There is no market designation, backtest setup, or performance evidence, so the visible logic alone cannot establish how the complete strategy trades or performs.

Key ideas

• The strategy tracks prior-day levels, premarket extremes, and intraday highs and lows.
• Reversal candidates use wick-to-body comparisons near key levels and a bias defined by the prior-day midpoint.
• Reversal signals are restricted to selected sessions and capped at three per day.
• A breakout section detects closes beyond prior-day, premarket, or recent session extremes.
• The excerpt ends before the complete entry, exit, stop, and target rules are visible.

Tags

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