Session-Based Liquidity Sweep and Market-Structure Entries
Summary
This strategy combines session timing with a simplified Smart Money Concepts style signal. It detects confirmed pivot highs and lows, then looks for price to breach and reclaim a prior pivot level. A bullish setup additionally requires a close above the previous bar’s high; a bearish setup requires a close below the previous bar’s low. A three-bar gap condition acts as a fair-value-gap filter. Trades are allowed during the specified London or New York session windows.
Stops use the signal bar’s low for longs and high for shorts, with profit targets set at a configurable risk multiple; the default is two times risk. The script is presented for XAUUSD and MNQ but contains no symbol-specific rules, so its logic can run on other charts. The accompanying notes explain that pivot confirmation, timeframe, and swing length affect signals, and that signal-bar stops can be wide. No performance results are provided, and the gap and structure definitions are simplified implementations rather than proof of an edge.
Key ideas
- The setup requires a pivot-level sweep and reclaim followed by a close beyond the previous bar’s extreme.
- A simple three-bar gap condition filters both long and short entries.
- Signals are restricted to specified London and New York session windows.
- Stops use the signal bar extreme, and targets scale that risk by a configurable multiple.
- Pivot confirmation delay, timeframe, and stop distance can materially affect results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.