MNQ Strategy this AM

9:40 - 11:00 MNQ Strategy provided by DTB Traders

This morning, I tried someone else’s strategy for a change. It was provided to a Discord group (DTB Traders). It was part of their “Game Plan’ for the week.

This strategy is designed to take two trades per signal, one at a 50-tick TP (Take Profit) and one at a 60-tick TP. The Stop for both is set at 100 ticks. It trades long and short, though you can limit trading to one direction on the fly.

The strategy placed many orders that were not taken, as shown by the vertical lines on the chart below. The cyan, magenta, grey, and orange lines indicate different signals. The entry is often not filled, and the price never returns to the entry signal. The strategy then cancels the orders.

Specific times, such as news events, can be set to pause and resume the strategy without intervention. These are shown with vertical red dashed lines at the start and gold dashed lines when trading resumes.

At the top of the chart, you can see choices to start and pause the strategy and choices for trade direction. The direction choices are self-explanatory. Started is obvious: the Pause button will pause trading. If there is an open trade or open order, the Pause button will cancel them at the close of the next bar.

The “Pause All Linked” and “Resume All Linked” need to be addressed in a deep dive to describe the ability to intermingle with other running strategies.

The strategy performed well for a quick morning run. It reached the maximum daily profit at about 10:15 and closed out with a Net Profit of $449.20 after seven trades.

I will be running this strategy on Thursday morning. It is another nice addition to the quiver of arrows provided by DTB Traders.