Venza Rocket Scalper

vor 9 Stunden

Venza Rocket Scalper: Compliant Description (Plaintext)
This strategy is a complex, multi-indicator trend-following system designed for intraday scalping on low-timeframe charts. It uses a confluence of four distinct filters to ensure high-conviction entries during optimal momentum and volume.

1. Overview and Core Logic
The entry signal requires simultaneous confirmation from the following components:

Trend Confirmation (Heikin-Ashi EMAs): The primary trend is established using Heikin-Ashi price action combined with an EMA (Fast=8) crossing and remaining above an EMA (Slow=21). This provides a smoother, momentum-based trend signal.

Momentum Strength (ADX/RSI): The trend must be validated by the ADX (default 16) to confirm sufficient directional strength, and the RSI (default 42) to confirm continued positive internal momentum.

Volume Validation: A dynamic filter requires the current bar's volume to be greater than the 20-period Volume MA (multiplied by the default 1.0 factor), ensuring trades are executed during periods of active market participation.

Session & Volatility Filter: Trades are restricted to a defined trading window (default UTC 12:00 to 20:00). The script also includes an optional Volatility Cap filter based on a long-term ATR to suppress entries during extreme volatility.

2. Trade Management and Realistic Risk
This strategy employs a robust, partial-exit risk management plan driven by the Average True Range (ATR) for sustainable risk control.

Initial Stop Loss (SL): The initial SL is tight and calculated dynamically using the 14-period ATR multiplied by an adjustable factor (default 0.7). This size is designed for micro-losses appropriate for scalping and is adapted slightly during high volatility.

Partial Exits & Profit Taking: The position is split into two equal halves for exit management:

50% Position (TP1): Exited at a 1R profit target, where 1R is defined as the exact value of the initial ATR-based SL.

50% Position (Run): Managed by a Trailing Stop Loss (TSL), with trail points also calculated dynamically using the current ATR.

Breakeven (BE) Lock: An optional feature (default: ON) automatically moves the stop loss to Breakeven (entry price plus 1 tick) once the position is 2 ticks in profit, locking in capital protection rapidly.

Daily Risk Controls: The strategy includes mandatory daily money management features (default: ON):

Max Daily Loss Stop: Stops all trading for the day if the cumulative closed P&L reaches -$500 (default).

Profit Protection Floor: If the closed P&L reaches a minimum threshold (default $110), any open position will be closed if the total daily P&L drops back below this floor, locking in minimum daily gains.

3. Strategy Properties & Backtesting Disclosure
The default settings are configured for high-liquidity futures or FX markets. Users must ensure their backtesting environment is realistic:

Risk Per Trade: The ATR-based SL aims to keep the risk per trade below 5% of a reasonable account size, which is critical for sustainable trading.

Contracts/Size: Default quantity is 3 contracts.

Commissions/Slippage: Commissions and slippage MUST be configured by the user in the Strategy Properties window to reflect real-world brokerage fees and execution costs.

Sample Size: The strategy should be run on a dataset that generates over 100 trades for statistically valid results.

MANDATORY DISCLAIMER: Past performance is not necessarily indicative of future results. Trading involves substantial risk. All claims of historical performance are substantiated by the backtesting results on the chart, but these results do not guarantee actual trading outcomes. Keep your language realistic.

vor 9 Stunden

Versionshinweise

The "Venza Rocket Scalper" strategy, based on the Pine Script code you provided, primarily falls under these three common trading strategy categories:1. Trading Style: Scalping (High-Frequency Intraday)This is the most direct category, as stated in the script's name and configuration.Characteristics: The strategy is designed to enter and exit trades very quickly, often within minutes or seconds, aiming to capture small price movements.Evidence in Script:strategy("Venza Rocket Scalper", ...)It uses a very tight, ATR-based Stop Loss and a rapid Breakeven (BE) lock (at only 2 ticks profit), which is characteristic of minimizing risk on short-term trades.2. Core Logic: Trend-Following / MomentumThe strategy's entry rules are based on identifying and trading in the direction of established momentum or trend.Characteristics: It uses indicators to determine the current direction of the market and only takes long (buy) trades when that direction is upward.Evidence in Script:$\text{EMA}$ Crossover ($\text{Fast}=8$ and $\text{Slow}=21$): This classic setup is used to define the short-term trend direction.$\text{ADX}$ Filter ($\text{Threshold}=16$): The strategy requires $\text{ADX}$ to be above a threshold, confirming the presence of a strong trend rather than a ranging market.$\text{RSI}$ Filter ($\text{Threshold}>42$): This is used to ensure the market maintains positive momentum before entry.