Structure-Gated Daily Spot Strategy with Confluence Scoring and Risk Controls
Summary
This long-only daily spot strategy makes confirmed market structure a prerequisite for entries. It tracks swing highs and lows, defines structural trends from higher highs and higher lows or lower highs and lower lows, and detects breaks of the latest confirmed swing levels. A bullish Change of Character is defined as an upward break following a bearish structural state. The script also describes a discount-zone restriction that blocks purchases above the midpoint of a recent range, with additional components including EMA phase alignment, choppiness, volume, entropy, liquidity sweeps, weekly bias, and order-block or fair-value-gap geometry.
Entry conditions combine these features into a configurable score, with extra weight for a Change of Character and a qualifying fair-value-gap/order-block overlap. Trade management includes risk-based sizing, stop placement, staged profit targets, and a time stop. These are implementation details and design claims in the script, not evidence of profitability: the supplied material gives no backtest results or out-of-sample evaluation. Its specialized daily spot scope, parameter choices, and dependence on confirmed pivots limit how broadly its signals can be generalized.
Key ideas
- Entries require a bullish structural state or a bullish break following a bearish state.
- Confirmed swing pivots define structural highs and lows, with confirmation arriving after the pivot itself.
- A range midpoint filter restricts entries to the lower half of the selected range.
- Multiple technical and volume-related conditions contribute to a weighted buy score.
- Risk controls include equity-based trade risk, structure-related stops, staged targets, and a time limit.
- The document presents a detailed strategy design but no evidence of tested performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.