Momentum Sequence Strategy with Candle Runs and R-Multiple Targets

Summary

This strategy script is organized around a main candle followed by a configurable run of consecutive candles. The visible settings allow the run length to be selected from two to five candles, choose a take-profit target from 0.5R to 2R, and enable long and short trades independently. The strategy configuration specifies fixed contract sizing, commission, slippage, margin assumptions, and no pyramiding. It also includes display options for entry signals, stop and target levels, and a statistics table.

The excerpt shows how the main candle is classified as bullish or bearish by comparing its close and open, then begins checking whether the following candles form a valid bullish sequence. The source ends before the full sequence rules, entries, exits, or risk calculations are visible, so the precise signal construction cannot be reconstructed from this document alone. No market, chart interval, backtest results, or evidence of robustness is provided; the stated execution assumptions are script settings rather than proof of realized trading costs.

Key ideas

• The setup evaluates a main candle alongside a configurable run of following candles.
• The visible inputs allow sequence lengths from two to five candles and profit targets from 0.5R to 2R.
• Long and short trading can be enabled separately, and pyramiding is disabled in the strategy settings.
• The script specifies fixed sizing, commissions, slippage, and margin assumptions.
• The supplied excerpt stops before the full sequence conditions and trade logic, and includes no performance results.

Tags

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