Two-Bar Fibonacci Retracement Strategy with VWAP and Session Levels

Summary

The document presents a futures strategy organized around a two-bar setup, with a configurable minimum candle-body share and a stop offset beyond the second bar’s wick. It includes a displayed 50–61.8% retracement zone, a VWAP trend filter, and volume and ATR settings. The visible script excerpt also configures contract sizing, commission, and slippage, and begins defining ICT-style session and prior-period levels.

The excerpt is incomplete: it ends partway through the inputs for previous-day levels. It therefore does not show the complete entry, exit, or order-management logic, nor does it provide backtest results or explain how the listed filters affect signals. The available material describes configurable components and chart features, but is insufficient to assess the strategy’s full rules or performance.

Key ideas

• The setup is framed around a two-bar pattern and a configurable body-size threshold.
• The script includes a Fibonacci retracement zone and an optional VWAP trend filter.
• Inputs provide for a stop offset beyond the second bar’s wick, along with volume and ATR settings.
• The visible excerpt starts defining session and prior-period reference levels but cuts off before the logic is complete.
• No full entry and exit rules or performance results are available in the excerpt.

Tags

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