Nasdaq Silver Bullet Window Strategy with EMA and Percent Exits

Summary

This script confines entries to a New York time window from 10:00 to 11:00 and counts consecutive bullish or bearish candles. After the configured count, it can enter long above a 200-period EMA or short below it; the EMA filter is optional. The strategy sets stop-loss and take-profit prices as percentages of the average entry price and closes open positions once the time window ends.

The code exposes candle-count, time-window, EMA-filter, stop, and target settings for research. Its notes propose comparing confirmation counts and testing a London-time window, but the document provides no backtest results or evidence that the chosen hour has an advantage. The listed stop and target percentages are settings, not proof of profitability, and fixed percentage exits may behave differently as volatility changes. The rules also do not specify position sizing beyond the script's initial capital, so exposure and execution assumptions would need attention when evaluating the strategy.

Key ideas

• Entries are restricted to the 10:00–11:00 New York session window.
• The strategy uses consecutive candle direction as confirmation and optionally filters trades with a 200-period EMA.
• Stop-loss and take-profit levels are set as percentages of the average entry price.
• Any open trade is closed when the specified window ends.
• The document suggests testing confirmation counts and session timing but reports no performance evidence.

Tags

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