Nasdaq Trend Catcher

Nasdaq Trend Catcher Nasdaq Trend Catcher Nasdaq Trend Catcher
TimeFrame: H4
Profit factor 1.73
Instrument: CFD indices
Supported platforms: MetaTrader 4, MetaTrader 5, StrategyQuant
Type: Breakout

The NQ_H4_820422556_S_BB_CF_SQX is an algorithmic trading strategy for MetaTrader, tested on NQ using the H4 timeframe from December 7, 2017, to June 2, 2023. Key details are:

Parameters MagicNumber: 820422556 Main Chart: Current symbol and timeframe

Trading Options
Weekend Trading: Allowed (Friday 00:38 – Sunday 00:38)
Daily Exit: Disabled (15:00)
Friday Exit: Enabled at 19:00
Max Trades/Day: No limit Stop Loss (SL) and Profit Target (PT): No predefined limits

Entry Signals
Long Entry: Triggered when TEMA (period 14) is above the lowest price of the last 20 bars and ADX DI Plus changes direction upwards.
Short Entry: Triggered when TEMA (period 20) is above the lowest high of the last 5 bars and TEMA (period 14) is above the previous day’s LowDaily.

Entry Rules
Long Entry: Opens long orders at the upper band of Bollinger Bands (period 20, deviation 2.1) Stop, valid for 61 bars, with a SL of 0.3% and a trailing stop of 40 pips activated at 1.7 times the ATR(112). Exit after 15 bars.
Short Entry: Opens short orders at the lower band of Bollinger Bands (period 129, deviation 1.01) Stop, valid for 111 bars, with a SL of 0.9 times the ATR(12) and a trailing stop of 90 pips activated at 5 times the ATR(312). Exit after 5 bars.

Exit Rules
Long Exit: Closes full position if market is long and no LongExitSignal is active.
Short Exit: Closes full position if market is short and no ShortExitSignal is active.

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