SSL MACD Strategy with Session Filters and ATR Risk Controls

Summary

The visible portion describes a multi-session trading strategy that combines Supertrend, SSL, and MACD indicators, with configurable risk and chart settings. It defines an ATR-based stop and target multiplier, and includes inputs for a per-trade dollar risk amount. The script also estimates contract size differently for gold symbols and other markets, and reads USD/JPY to support currency conversion logic.

Five configurable trading windows can be enabled or disabled, with a selectable time zone; entries can be restricted to any enabled window, and the active periods can be shaded on the chart. The source ends before the indicator and entry rules are shown, so the core signal logic, actual use of the risk input, results, and behavior outside these settings cannot be assessed. The visible configuration suggests a framework for session-gated entries and ATR-based trade management, but provides no evidence of profitability or robustness.

Key ideas

• The script exposes a per-trade dollar risk input and ATR-based stop and target multipliers.
• It allows up to five configurable trading sessions and a selectable time zone.
• Trades can be limited to enabled sessions, with those windows shown through chart shading.
• The visible document omits the signal rules and provides no backtest evidence.

Tags

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