Intraday MNQ Trend Continuation with Pullbacks and ATR Exits

Summary

This five-minute MNQ strategy combines a fast and slow exponential moving average trend filter with pullback entries. Longs require the fast average above the slow one, price to touch or cross the fast average intrabar and close back above it, a sufficiently positive fast-average slope, and rising ATR. Shorts mirror the pullback setup with a negative slope; the ATR condition can be relaxed. An optional short signal sells a downside break of a recent low, with a configurable bearish-candle requirement. Trading can be limited to regular hours, with an option to flatten at session end, and a cooldown can delay re-entry after an exit.

Exits combine ATR-based stops, profit targets, and trailing stops, with selectable scalp and runner settings. The script also draws trade levels and labels. These are configurable rules rather than evidence of an edge: the document reports no backtest outcomes, and its default target descriptions do not establish realized win rates. Results may depend on settings, execution assumptions, and the instrument and period tested.

Key ideas

• The strategy uses fast and slow exponential averages to define intraday trend direction.
• Pullback entries require price to cross the fast average intrabar and close back on the trend side, with slope and volatility filters.
• An optional breakdown rule adds short entries when price falls below a recent low.
• ATR-based stops, targets, and trailing exits have separate scalp and runner configurations.
• Regular-hours controls, session-end flattening, and a post-exit cooldown are configurable.
• The document reports no backtest evidence or verified performance.

Tags

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