Time-Based BTC Futures Entries with Percentage Targets and Stops

Summary

This strategy enters a long position when a candle occurs at 16:00, then places a take-profit limit and stop-loss based on percentages of the entry price. Position sizing is described as a fixed share of available equity, though the source code calculates a value without using it to size the entry. The published default target is 0.4% and the stop is 0.2%. The stated backtest settings cover BTC/USDT futures on Binance over a short historical period, using four-hour bars and a 15-minute base period.

The document explains the intended benefit of rule-based entry and exit levels: consistent execution and a predefined loss threshold. It provides no backtest performance results, comparison, or evidence that the timing rule has an edge. The example only takes long trades and does not explain why 16:00 should be predictive. Its fixed percentages also do not adapt to changing volatility, and the actual position-sizing logic appears incomplete. The strategy should therefore be treated as an illustrative template rather than a validated trading system.

Key ideas

• The strategy opens a long trade when the candle hour is 16.
• A percentage-based limit target and stop are calculated from the entry price.
• The published defaults set a 0.4% profit target and a 0.2% stop loss.
• The stated backtest configuration uses BTC/USDT futures, but no performance results are provided.
• The source code does not apply its calculated position size to the entry.

Tags

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