Trend, Break of Structure, Fair Value Gaps, and Limit Entries

Summary

This strategy requires agreement among a moving average trend filter, a break of the latest pivot swing, a recent fair value gap, and above-average volume. Long and short setups are aligned with price above or below the selected SMA and EMA, respectively. A signal creates a pending limit entry anchored to the signal candle’s low for longs or high for shorts, with a time limit for activation and a price buffer before the order is submitted.

Once active, a trade uses a fixed-distance stop and a take-profit set by a risk-to-reward multiple. An optional break-even rule moves the stop to entry after a favorable move, while a separate buffer defines how far price must pass the target. The script displays win, loss, and break-even counts, but the document provides no historical test results or execution validation. Its volume and fair value gap labels are operational definitions in code, and bar-based logic may not capture real order fills or intrabar price sequencing faithfully.

Key ideas

• Entry signals require trend alignment, a pivot break, a recent fair value gap, and volume above its recent average threshold.
• Pending limit entries are anchored to the signal candle’s extreme and expire after a configured number of bars.
• Stops use a fixed tick or point distance, while targets scale that risk by a selected reward multiple.
• An optional break-even trigger moves the stop to entry, and a target buffer adds a further price condition.
• The on-chart counters are not accompanied by performance evidence or realistic fill validation.

Tags

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