Fibonacci Structure Trading with Swing Breaks and Trailing Stops

Summary

This strategy combines confirmed swing pivots, market-structure breaks, and Fibonacci retracements to generate trades. It labels higher highs, lower highs, higher lows, and lower lows, then marks breaks as continuation or change-of-character events. An ATR filter can screen out small swings, and a minimum Fibonacci span can reject narrow ranges. Entry settings include a confluence threshold, optional EMA trend and New York session filters, and an optional unmitigated order-block requirement.

Risk controls include an initial ATR-based stop and a trailing exit with configurable activation and distance. The script also displays structure, Fibonacci levels, and trade levels. The supplied source is incomplete, so the precise entry rules and full backtest behavior cannot be established from this excerpt. It provides implementation details and configurable parameters, but no measured performance evidence; its settings and concepts alone do not establish profitability.

Key ideas

• The strategy identifies swing pivots and classifies them as higher or lower highs and lows.
• It marks closes beyond recent swing levels as structure breaks or changes of character.
• ATR filtering and minimum swing size settings can screen smaller price moves.
• Fibonacci confluence, EMA direction, session timing, and order blocks can be used as entry filters.
• Stops begin with an ATR-based risk distance and can transition to a trailing exit.

Tags

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