MNQ Intraday Inverse CHoCH Strategy with a 5-Minute EMA Filter

Summary

This script describes an intraday Micro E-mini Nasdaq futures strategy that combines one-minute market-structure signals with a five-minute EMA trend filter. It identifies swing highs and lows using pivots, tracks a directional structure state, and signals an inverse change of character: a bearish structure break can trigger a long when the higher-timeframe EMA trend is bullish, while a bullish break can trigger a short when that trend is bearish. A toggle restricts signals to specified U.S. morning and afternoon sessions.

Entries are limited to flat positions, with fixed 15-point stop-loss and take-profit distances from the average entry price. The script specifies one contract, no pyramiding, and a per-contract cash commission in its strategy settings. The provided text is a code listing rather than a documented study: it includes no backtest period, performance results, or discussion of robustness. Its pivot-based signals require confirmation after swing formation, and the fixed distances and session rules may behave differently across market conditions.

Key ideas

• The strategy reads one-minute swing breaks and uses a structure state to classify changes of character.
• It takes inverse-direction signals only when they align with the five-minute EMA trend filter.
• A toggle can restrict trading to specified U.S. session windows.
• Each position uses fixed 15-point stop and target distances and entries require a flat position.
• The source provides no performance evidence or robustness analysis.

Tags

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