Structure Breaks and Pullbacks with Fibonacci or Volume-Based Entries

Summary

The visible script excerpt describes a long-side setup built around market structure. It tracks recent highs and lows over a configurable sensitivity window, marks a downside sweep below the structure low, waits for price to recover above that level, and then looks for a close above the recorded structure high. After that sequence, it calculates a candidate entry using either a retracement level across the signal bar’s range or a volume-based price derived from recent bars. A stop level is based on the lowest price recorded during the pullback, and the excerpt begins sizing the position from account equity and a risk percentage.

Inputs also specify a reward-to-risk ratio, signal expiry, and optional break-even behavior. However, the supplied text ends during order setup, before the complete entry, exit, and break-even logic is shown. Although the title refers to smart money, BOS, Fibonacci, and volume profile, the excerpt only partially implements these ideas and includes no test period, market, or performance evidence. The setup’s assumptions and robustness therefore cannot be assessed from the available material.

Key ideas

• The setup waits for a downside sweep, recovery, and subsequent close above a recorded structure high.
• A candidate long entry can use a Fibonacci retracement or a volume-based price calculation.
• The pullback low defines a stop reference, and the visible code begins risk-based position sizing.
• Inputs include a reward-to-risk ratio, signal expiry, and an optional break-even trigger.
• The excerpt ends before complete order and exit logic, and reports no backtest evidence.

Tags

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