Fibonacci Retracements with Swing Structure and ATR Risk Controls
Summary
This document presents a futures-oriented strategy framework that combines swing detection, Fibonacci retracement levels, and risk controls. Its visible settings expose a choice between aggressive and conservative operating modes, a minimum impulse size, a minimum Fibonacci confluence threshold, and options for filtering trades by an EMA trend or a specified session. Swing detection can also be filtered by ATR, and a cooldown limits how soon another signal may occur.
The risk settings include an initial ATR-based stop and a trailing stop that activates after a specified favorable move. These controls suggest entries around retracements within detected price swings, with Fibonacci levels used to judge whether a setup has enough confluence. However, the supplied document is truncated partway through the script, so the full entry, exit, and target rules cannot be confirmed. It provides no backtest results or evidence that the framework is profitable; its many configurable thresholds would need careful out-of-sample evaluation.
Key ideas
- The framework combines detected price swings with Fibonacci retracement levels to assess possible entries.
- A minimum impulse size and confluence threshold can screen out smaller or shallower setups.
- Optional EMA and session filters constrain the conditions under which trades may be taken.
- ATR filtering and an initial ATR stop adapt parts of the setup to market volatility.
- A trailing stop can activate after a favorable move, but the truncated source leaves the complete trade logic unknown.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.