Multi-Timeframe OHLC Structure Breakout Scalping

Summary

This document describes an automated price action strategy that compares highs and lows across multiple chart timeframes, then looks for lower-timeframe candle closes that break relevant structure. It illustrates the approach with comparisons among hourly, four-hour, and daily levels, combined with a short-timeframe breakout. The system can be configured to require selected conditions before trading.

Instead of entering immediately at market, the EA can place limit or stop orders at structural levels. Its settings also cover scanning depth, optional buy and sell conditions, stop-loss sizing methods, break-even movement, and expiration of pending orders. The document explains the intended mechanics but gives no backtest results, performance data, or detailed rules for selecting levels and timeframes. It also does not specify how spread, slippage, or changing market conditions affect execution, so the described setup alone does not establish profitability or reliability.

Key ideas

• The strategy compares price highs and lows across selected timeframes to assess market structure.
• Lower-timeframe candle closes can trigger entries when they break a relevant level.
• The EA supports pending orders placed at structural levels.
• Stop-loss sizing, break-even movement, and pending-order expiration are configurable.

Tags

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