NQ Volume Spike Strategy Framework with Risk and Session Controls

Summary

This partial script excerpt lays out configurable controls for an NQ or MNQ strategy, including a volume-spike multiplier against a recent average, optional EMA and session filters, and an optional morning-bias filter. It provides fixed-distance or entry-candle-wick-based stops, two risk-multiple profit targets with partial position closure, and a maximum holding time. The settings also include a fixed dollar risk per trade, drawdown and daily-loss limits, and assumptions for contract point value, commissions, and slippage.

The excerpt ends within the prop-firm rules section, before the entry and exit logic is shown. It therefore does not establish how volume spikes generate trades, how firm limits are enforced, or whether the configured sizing stays within those limits. No backtest results or performance evidence are included. The material is useful as a configurable risk and execution framework, but it is insufficient to assess a complete strategy or reproduce its trading signals.

Key ideas

• The settings compare current volume with a configurable recent average to define a volume spike.
• Stops can use a fixed point distance or the entry candle's wick with a buffer.
• The framework includes partial exits at two risk multiples and a maximum holding period.
• Risk controls include fixed dollar risk, drawdown and daily-loss limits, commission, and slippage assumptions.
• The excerpt omits the entry and exit rules, so strategy behavior and performance cannot be evaluated.

Tags

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