OPEN-SOURCE SCRIPT
Premarket Gap MomoTrader(SC)

๐ Pre-Market Momentum Trader | Dynamic Position Sizing ๐ฅ
๐ Trade explosive pre-market breakouts with confidence! This algorithmic strategy automatically detects high-momentum setups, dynamically adjusts position size, and ensures risk control with a one-trade-per-day rule.
โธป
๐ฏ Key Features
โ Pre-Market Trading (4:00 - 9:30 AM EST) โ Only trades during the most volatile session for early breakouts.
โ Dynamic Position Sizing โ Adapts trade size based on candle strength:
โข โฅ90% body โ 100% position
โข โฅ85% body โ 50% position
โข โฅ75% body โ 25% position
โ 1 Trade Per Day โ Avoids overtrading by allowing only one high-quality trade daily.
โ Momentum Protection โ Stays in the trade as long as:
โข Every candle remains green (no red candles).
โข Each new candle has increasing volume (confirming strong buying).
โ Automated Exit โ Closes position if:
โข A red candle appears.
โข Volume fails to increase on a green candle.
โธป
๐ How It Works
๐ Entry Conditions:
โ๏ธ Candle gains โฅ5% from previous close.
โ๏ธ Candle is green & body size โฅ75% of total range.
โ๏ธ Volume >15K (confirming liquidity).
โ๏ธ Occurs within pre-market session (4:00 - 9:30 AM EST).
โ๏ธ Only the first valid trade of the day is taken.
๐ Exit Conditions:
โ First red candle after entry โ Exit trade.
โ First green candle with lower volume โ Exit trade.
โธป
๐ Why Use This?
๐น Eliminates Fake Breakouts โ No trade unless volume & momentum confirm.
๐น Prevents Overtrading โ Restricts to one quality trade per day.
๐น Adaptable to Any Market โ Works on stocks, crypto, or forex.
๐น Hands-Free Execution โ No manual chart watching required!
โธป
๐จ Important Notes
๐ข Not financial advice. Trading involves riskโalways backtest & practice on paper trading before using real money.
๐ข Enable pre-market data in your TradingView settings for accurate results.
๐ข Optimized for 1-minute & 5-minute timeframes.
๐ Like this strategy? Leave a comment, share your results, and donโt forget to hit Follow for more strategies! ๐๐ฅ
๐ Trade explosive pre-market breakouts with confidence! This algorithmic strategy automatically detects high-momentum setups, dynamically adjusts position size, and ensures risk control with a one-trade-per-day rule.
โธป
๐ฏ Key Features
โ Pre-Market Trading (4:00 - 9:30 AM EST) โ Only trades during the most volatile session for early breakouts.
โ Dynamic Position Sizing โ Adapts trade size based on candle strength:
โข โฅ90% body โ 100% position
โข โฅ85% body โ 50% position
โข โฅ75% body โ 25% position
โ 1 Trade Per Day โ Avoids overtrading by allowing only one high-quality trade daily.
โ Momentum Protection โ Stays in the trade as long as:
โข Every candle remains green (no red candles).
โข Each new candle has increasing volume (confirming strong buying).
โ Automated Exit โ Closes position if:
โข A red candle appears.
โข Volume fails to increase on a green candle.
โธป
๐ How It Works
๐ Entry Conditions:
โ๏ธ Candle gains โฅ5% from previous close.
โ๏ธ Candle is green & body size โฅ75% of total range.
โ๏ธ Volume >15K (confirming liquidity).
โ๏ธ Occurs within pre-market session (4:00 - 9:30 AM EST).
โ๏ธ Only the first valid trade of the day is taken.
๐ Exit Conditions:
โ First red candle after entry โ Exit trade.
โ First green candle with lower volume โ Exit trade.
โธป
๐ Why Use This?
๐น Eliminates Fake Breakouts โ No trade unless volume & momentum confirm.
๐น Prevents Overtrading โ Restricts to one quality trade per day.
๐น Adaptable to Any Market โ Works on stocks, crypto, or forex.
๐น Hands-Free Execution โ No manual chart watching required!
โธป
๐จ Important Notes
๐ข Not financial advice. Trading involves riskโalways backtest & practice on paper trading before using real money.
๐ข Enable pre-market data in your TradingView settings for accurate results.
๐ข Optimized for 1-minute & 5-minute timeframes.
๐ Like this strategy? Leave a comment, share your results, and donโt forget to hit Follow for more strategies! ๐๐ฅ
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.