Single-Trade Futures Strategy with Fixed Stops and Time-Based Exits

Summary

This document describes a configurable futures strategy for one trade in a selected contract and direction. The trader can specify quantity, entry cost, and take-profit or stop-loss prices, or use price differences from the cost to set those levels. The strategy also supports price-range limits for opening and closing, a deadline to abandon an unfilled entry, and a timer that can force a close near the end of trading.

Additional controls address positions that linger near the loss level, overnight holding, and whether to chase a price. The source code indicates that default stop and target levels are calculated from the entry cost and direction, and that the system can record a completed trade. No performance data or evidence of profitability is provided. The document is chiefly an implementation and parameter reference; its thresholds are configurable examples, and the source alone does not establish how execution behaves across contracts or market conditions.

Key ideas

• The strategy manages a single futures position with a selected direction and quantity.
• Take-profit and stop-loss levels can be set directly or derived from price differences around the entry cost.
• Entry and exit controls include acceptable price ranges and timers for abandoning or closing a trade.
• A lingering-position rule can respond to time spent near the stop level.
• The document provides implementation settings but no backtest results or evidence of profitability.

Tags

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