Nasdaq Silver Bullet Entries with Candle Confirmation and EMA Filtering

Summary

This strategy applies a time-window approach to Nasdaq trading, allowing entries during the 10:00–11:00 a.m. New York session window. It counts consecutive bullish or bearish candles and enters after the configured count is reached, provided price is on the matching side of the 200-period EMA when that filter is enabled. Positions use percentage-based stop and profit targets, with a stated example ratio of 1:2, and are closed after the window ends.

The document describes the rules and suggests research comparisons, including changing the candle-count threshold, testing a London time window, and enabling or disabling the EMA filter. It also proposes volume, ATR-based stops, and fair-value-gap conditions as possible extensions. It provides no backtest statistics or evidence that the stated session has an edge. The code’s candle counts continue outside the window, so the text’s claim that a two-candle setting waits for the 10:00 and 11:00 candles is not guaranteed by the entry logic. Results also depend on chart timeframe, market data, and TradingView’s fill assumptions.

Key ideas

• Entries require consecutive candles in one direction during a configured New York time window.
• An optional 200-period EMA filter restricts longs to above the average and shorts to below it.
• Stops and profit targets are set as percentages of the average entry price.
• Open positions are closed when the configured time window ends.
• The document suggests testing parameter sensitivity but reports no performance results.

Tags

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