ETH Strategy Using Order Blocks, Fair Value Gaps, and ATR Risk

Summary

The available portion describes an ETH trading strategy that combines pivot-derived order block levels with fair value gap zones. It looks for price to move through a stored level and close back across it, or for price to revisit a recent gap while meeting candle-direction and EMA50 filters. A further candle-strength condition requires the candle body to exceed a fraction of ATR. The script also defines ATR-based stop distance and risk sizing inputs, including base, minimum, and maximum risk settings.

The document ends partway through its position-management logic, so the full entry, exit, and risk-adjustment behavior cannot be established from the excerpt. It supplies no backtest settings or performance evidence here. The displayed logic uses confirmed pivots and recent gap validity, but the excerpt alone does not show how orders are sized, where targets are placed, or how trade outcomes affect later risk. Any assessment of profitability or robustness would require the missing source and tested assumptions.

Key ideas

• The strategy identifies candidate order block levels from pivot highs and lows.
• It defines bullish and bearish fair value gaps and limits their validity to a recent lookback window.
• Entry conditions combine level or gap interactions with candle direction, EMA50, and ATR-based candle strength.
• ATR also informs the configured stop distance, while risk settings specify bounded percentage levels.
• The excerpt is incomplete and provides no performance results or full trade management rules.

Tags

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