Sweep Reclaim Entries with Fixed-Step Position Scaling

Summary

This strategy looks for price to sweep a confirmed swing high or low and then close back beyond that level. The reclaim must occur within a configurable window and satisfy candle-strength and close-location filters. An optional 200-period EMA filter aligns long signals with prices above the average and short signals with prices below it.

After entry, the strategy adds to a position at fixed percentage intervals from the original entry price, using configurable equity-based sizes that increase across stages. It closes the position at a fixed percentage from the current average price or, optionally, when an opposite reclaim signal appears. The author describes daily-chart use and reports forward testing with drawdown, but gives no sample period, market, benchmark, or full performance record. The script therefore describes a testable position-management framework, not evidence that the approach is profitable or suitable across markets.

Key ideas

• A sweep is defined as price moving beyond a prior swing by a bounded ATR-based distance.
• A reclaim signal requires a close back across the swept level, with candle-strength filters and an optional EMA trend bias.
• The strategy adds in stages at fixed percentage steps from the initial entry price, with configurable equity-based sizing.
• Positions exit at a target measured from average entry or on an opposite signal when that option is enabled.
• The document provides a limited forward-testing claim without enough detail to assess performance across markets or periods.

Tags

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