FCPO Momentum Scalping with ATR, Session, and Risk Filters
Summary
This FCPO strategy combines candle momentum with volatility and trading-time filters. It looks for a candle whose body exceeds a minimum size and share of its full range, while ATR must fall between a floor and a ceiling. Presets set take-profit and stop-loss distances for different chart intervals; users can also set them manually. The script offers long, short, or two-way trading and limits entries by weekday, session, and maximum trades per day.
Additional controls include forced exits after a chosen number of bars, exclusions for intraday and Friday afternoon periods, and monthly profit or loss circuit breakers. The document provides code and parameter descriptions, but the excerpt does not include a complete strategy report or enough backtest data to assess performance. Its Malaysian market sessions and tick-based settings are specific to FCPO, and the stated preset performance claims are not supported by evidence in the supplied text.
Key ideas
- Entries require a sufficiently large candle body and an ATR reading within configured volatility bounds.
- Preset settings vary profit targets, stop distances, and candle-size thresholds by intended timeframe.
- Session, weekday, time-of-day, and daily trade limits restrict when new positions may be opened.
- Time exits and monthly circuit breakers provide additional trade and account controls.
- The supplied excerpt does not establish that the presets are robust or profitable.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.