NQ/MNQ Pivot-Zone Rejections with Sweep and Daily-Loss Filters

Summary

This NQ/MNQ strategy builds demand and supply zones from confirmed pivot lows and highs, padding each pivot by a configurable amount. It looks for price to reject a zone while also showing a bullish or bearish sweep of recent extremes, or a simpler attempt to extend the prior bar. Entries require directional displacement relative to ATR, alignment with an EMA bias, and a recent price range large enough to avoid a choppy market.

For each entry, the script places a stop beyond the relevant zone and sets a profit target using a configurable risk-reward multiple. It also tracks daily net profit and blocks new entries after a configured daily loss limit, closing any open position when that limit is reached. The strategy uses a fixed contract quantity and displays its zones and signals on the chart. The excerpt provides code and parameter defaults, but no market, timeframe, or backtest results, so it does not establish profitability or robustness.

Key ideas

• Pivot highs and lows define padded supply and demand zones.
• Entries combine zone rejection with a sweep or bar-level attempt, directional displacement, EMA bias, and a range filter.
• Stops are placed beyond the relevant zone, while targets are based on a risk-reward multiple.
• A daily loss threshold blocks further entries and closes an open position when triggered.
• The excerpt specifies fixed contract sizing but gives no performance results or validation evidence.

Tags

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