5-min Strat Strategy V2 (With Stop Loss)

README: 5-min Strat Strategy V2 – $7,500 Stop Loss Version
✅ Description

This is a rules-based intraday trading strategy developed for use on futures contracts like MNQ (Micro Nasdaq) or MES (Micro S&P). It focuses on momentum-based breakout entries above pre-market highs, during regular trading hours, and uses EMAs to define trend alignment.

⚙️ Strategy Components
✅ Trade Type

Long-Only strategy

Entry and exit based on EMAs, price position, and time windows

✅ Time Frame

Built for 5-minute charts

✅ Symbols

Optimized for MNQ (Micro Nasdaq Futures)

Works on MES or other U.S. index futures with similar structure

📅 Time Windows

Pre-Market Hours (PMH/PML): 04:00 – 09:30 AM EST

Regular Trading Hours (RTH): 09:30 AM – 4:00 PM EST

Auto Exit Time: 4:59 PM EST (to comply with prop firm rules)

📌 Entry Conditions (Long)

48 EMA > 200 EMA (Bullish alignment)

Price > Locked Pre-Market High

Green Candle (close > open)

During RTH (9:30–16:00 EST)

Cooldown: Must wait 4 candles after last entry

Max Trades per Day: 3

💥 Exit Conditions

Primary Exit: Close below the 48 EMA

Max Loss Exit: Stop loss set to $7,500 per trade

EOD Exit: All positions are closed at 4:59 PM EST

💰 Risk Management

Contracts: 6 Micro contracts per trade

Stop Loss: Dynamic point-based SL calculated based on:

MNQ point value = $20/point per contract

30 contracts = $120/point

Max SL points = $7,500 / $120 = 62.5 points

📊 Key Variables for Logging
Parameter Value
Max Stop Loss $7,500
Position Size 30 Micro Contracts - ***Varies depending on account size***
Cooldown Bars 4 (20 min)
Max Daily Trades 3
Strategy Version V2 – $7.5K SL