MNQ Intraday Strategy Inverts Structure Changes Against a Five-Minute Trend

Summary

The script is an intraday MNQ strategy that tracks one-minute swing pivots and market structure, then uses the most recently completed five-minute 20- and 50-period EMAs as a trend filter. It enters long after a bearish change of character when the EMA trend is bullish, and short after a bullish change of character when the EMA trend is bearish. Entries can be limited to morning and afternoon US sessions, with a toggle to disable that filter. The strategy sets a fixed one-contract position and symmetrical stop and target distances, and specifies a per-contract commission for its backtest.

The accompanying overview describes higher-timeframe confirmation, liquidity sweeps, and lower-timeframe confirmation, but those steps are not present in the supplied code. The code instead uses one-minute pivots and a five-minute EMA comparison. The document gives no strategy report or performance results, and its fixed exits, session settings, instrument, and backtest assumptions limit how broadly results could apply. Costs and execution conditions would also affect any assessment.

Key ideas

• The script identifies one-minute swing pivots and tracks breaks that change its market-structure state.
• It enters against the change-of-character direction when the five-minute EMA trend agrees with the trade.
• A session filter can restrict entries to specified morning and afternoon US hours.
• Positions use fixed, symmetrical stop-loss and profit-target distances.
• The published overview mentions liquidity sweeps, but the included code does not implement them.

Tags

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