Tap’n’Slap Intraday Strategy with Fair Value Gaps and Swing Targets

Summary

The visible strategy settings describe an intraday approach that enters after a detected tap candle, with an entry on the following bar. It places a fixed-distance stop and targets the nearest earlier swing high or low, while optionally moving the stop to lock in a small gain after a profit trigger. It also offers a fair value gap age limit, a filter for weak stops inside a gap, a minimum reward-to-risk filter, and a daily trade cap. Session controls can restrict trading hours, block late entries, and close open positions at the session end.

The source excerpt is incomplete, so the tap-candle and fair value gap detection rules, target selection implementation, and full strategy behavior cannot be verified from the supplied text. Settings and comments give intended mechanics, not evidence of profitability. No backtest results or instrument-specific validation are included. The listed commissions and slippage are assumptions, and the fixed point values and session schedule may not transfer to other contracts or markets.

Key ideas

• Entries are described as market orders placed on the bar after a tap candle is detected.
• The strategy uses a fixed stop distance and targets a prior swing high or low.
• Optional filters include fair value gap conditions, minimum reward-to-risk, session hours, and a daily trade limit.
• A profit trigger can move the stop to secure a gain, and an end-of-session close can limit overnight exposure.
• The supplied source is truncated and includes no backtest performance evidence.

Tags

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