OPEN-SOURCE SCRIPT

NASDAQ Midnight Breakout (Long Only, 5:1 R:R)

Por mauritzgenesis
Best Strategy on the market.

NASDAQ Midnight Breakout (Long Only, 5:1 Risk-to-Reward Strategy)
Description: This strategy is designed specifically for trading the NASDAQ during the midnight breakout session, targeting high-probability, long-only setups. The strategy executes trades exclusively between 00:00 and 02:00 New York time, leveraging the momentum and volatility shifts in the early hours of the U.S. market.

The core of the strategy is based on the crossover of two Exponential Moving Averages (EMAs):

8-period EMA (fast)
21-period EMA (slow)
A long trade is triggered when the 8 EMA crosses above the 21 EMA, signaling a bullish trend. The strategy maintains a strict 5:1 risk-to-reward ratio, where the take profit is set at five times the risk (stop loss). This ensures that even with a lower win rate, the strategy aims for consistent profitability by targeting larger gains compared to smaller losses.

Key Features:

Long-only strategy: Focused on bullish opportunities, no short trades are taken.
5:1 Risk-to-Reward ratio: Every trade risks a small amount to target five times the risk, ensuring favorable trade dynamics.
One trade per day: The strategy is limited to one trade per day, maintaining discipline and reducing overtrading.
Time-specific execution: Trades are executed only between 00:00 and 02:00 New York time, capturing early market breakouts.
This strategy is ideal for traders looking for a disciplined, long-only approach that maximizes returns through a high risk-to-reward ratio while taking advantage of pre-market volatility.
Moving AveragesTrend AnalysisVolatility

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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