Scored ICT-Style Reversal and Continuation Strategy with Daily Trade Limits
Summary
This strategy combines higher-timeframe directional bias with local trend, swing-level liquidity sweeps, displacement candles, market-structure breaks, fair value gap formation and retests, and price position within a recent range. It assigns weighted points to these signals, then permits reversal, continuation, or momentum entries when the relevant setup and a minimum score align. Session and ATR filters, a bar cooldown, a daily trade cap, and a one-position-at-a-time rule further constrain entries. Stops use recent five-bar extremes, while profit targets are set from the chosen risk-to-reward multiple.
The source describes configurable rules and chart annotations, but supplies no performance results or validation evidence for its advertised trade frequency or target. The daily minimum trade goal is displayed but does not force trades. The ATR threshold is relative to the average ATR, and the session hours depend on chart time settings. The script therefore documents a testable rule set, not evidence that it achieves a particular win rate or is suitable across markets and timeframes.
Key ideas
- Higher-timeframe EMA bias and local EMA trend inform directional setup conditions.
- Liquidity sweeps, displacement, structure breaks, fair value gaps, and range location contribute to weighted scores.
- Three entry engines target reversals, fair value gap retests, and momentum continuation.
- Recent price extremes define stops, and a configurable multiple of that risk defines targets.
- Session, volatility, cooldown, position, and daily trade-count conditions limit entries, but no performance evidence is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.