Pivot Breakout Trading with Time, Moving Average, and Risk Filters

Summary

This strategy identifies pivot highs and lows, then treats a close above a tracked pivot high as a bullish breakout and a close below a pivot low as a bearish breakout. A configurable time window, interpreted in London time, can restrict entries; an optional moving average filter requires price to be on the corresponding side of the selected average. The script supports ATR-based, candle-based, or fixed-point stops, sets targets using a risk-reward multiple, and calculates position size from a chosen equity risk percentage and stop distance. It also plots signals and trade levels.

The document provides configurable strategy logic but no reported backtest results or evidence of profitability. Pivot confirmation depends on subsequent bars, and behavior can vary with timeframe, instrument, session settings, and stop selection. The time filter governs entry conditions, while stops, targets, and sizing remain dependent on user inputs; these settings require evaluation before the rules can support conclusions about risk or performance.

Key ideas

• Breakouts are signaled when price closes beyond a stored pivot high or low.
• A configurable London-time window and optional moving average can filter entries.
• Stops may use ATR, a selected candle, or a fixed point distance, with targets set by a risk-reward multiple.
• Position size is calculated from account equity, the risk percentage, and stop distance.
• The document reports no backtest evidence, and results depend on instrument and parameter choices.

Tags

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