Swing Sweep and Reclaim Entries with Staged Scale-In
Summary
This strategy looks for reversals after price briefly moves beyond a confirmed swing high or low and then closes back through that level. It measures the sweep relative to ATR, accepts only depths within configured bounds, and requires the reclaim to occur within a limited bar window. Candle close location and body size provide additional confirmation. An optional long-term EMA filter restricts entries to the prevailing direction.
The script is configured for up to five entry stages, with each order sized as a percentage of equity and later stages using larger allocations. It specifies a fixed profit target relative to average entry and a fixed percentage step for adding to positions, and can close on an opposite signal. The supplied document ends during the main-entry logic, so the complete scaling and exit rules cannot be assessed. It provides no backtest results or market-specific evidence; fees, slippage, and adverse movement during scaling may materially affect outcomes.
Key ideas
- A qualifying sweep extends beyond a confirmed swing level by a bounded ATR-scaled amount.
- A reclaim must return beyond the swept level within a specified window and satisfy candle-strength filters.
- An optional long-term EMA filter can align entries with the broader price direction.
- Position additions use configurable equity percentages across as many as five stages.
- The excerpt ends before the complete entry and exit implementation, and includes no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.