Two-Bar Fibonacci Retracement Entries with VWAP and Futures Context

Summary

The document presents a futures strategy built around a two-bar price setup and a retracement zone spanning the 50% to 61.8% levels. Its visible settings include a minimum candle-body share of the bar range, a stop offset beyond the second bar’s wick, and an optional VWAP trend filter. The script also includes volume and ATR settings, along with display options for session and prior-period levels. These features suggest an approach that combines price-pattern entries with trend context and predefined risk references.

The supplied excerpt is incomplete: it ends partway through the settings for prior-day levels, before the entry, exit, and risk-management rules are shown. It provides no explanatory narrative or backtest results, so the exact two-bar pattern, how the retracement zone triggers a trade, and the role of volume or ATR cannot be established from this text. The futures label and commission, slippage, and fixed-contract settings appear in the script, but they do not demonstrate performance.

Key ideas

• The strategy is presented as a futures method based on a two-bar setup and Fibonacci retracement zone.
• A 50% to 61.8% retracement area is included as a chart feature.
• The settings provide an optional VWAP trend filter and parameters for candle body size and stop offset.
• Volume and ATR lengths appear as inputs, but their trading roles are not visible in the excerpt.
• The excerpt omits the core signal rules and reports no backtest performance.

Tags

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