AlgoIndex NQ/MNQ Futures

AlgoIndex Futures v3.15 - NQ/MNQ (10-Minute RTH)

This strategy is specifically tailored for trading CME Nasdaq futures - NQ and MNQ, including continuous symbols such as NQ1!/MNQ1!. It is optimized for a 10-minute chart during U.S. Regular Trading Hours (RTH), utilizing session settings defined in the Inputs. This strategy is not intended for other futures contracts or markets.

Core Concept
The strategy employs an ATR-based trend-band model similar to Supertrend for identifying directional mechanism changes in NQ/MNQ. Trade signals are evaluated at the bar close, incorporating session and time-based safety techniques to mitigate lower-quality trading opportunities near session boundaries.

Recommended Use (Optimized Defaults)
The default input parameters are fine-tuned for NQ/MNQ on the 10-minute chart. Users are encouraged to utilize these defaults initially and to make incremental adjustments to one variable at a time to understand the impact on the strategy's performance, trading frequency, and risk profile.

Configurable Inputs
- Take Profit / Stop Loss Settings:
- Enable Stop Loss and define Stop Loss (Points)
- Enable Take Profit and define Take Profit (Points)
- Enable Trailing Stop and set both Trailing Stop (Points) and Trailing Offset (Points)

- Time Avoidance Filter:
- Enable Time Avoidance
- Avoid First X Minutes
- Avoid Last X Minutes
- Display Avoidance Zones (visual overlay)

- Session Filter and End-of-Day Management:
- Enable Session Filter
- Define Trading Session (default: 09:30-16:00)
- Select Session Timezone
- Option to Close Positions at Session End
- Specify EOD Close Minutes Before (default: 20)

- Safety Controls:
- Option to Close Before Holidays (when enabled, this feature allows the strategy to flatten positions prior to holiday or early close conditions)

- Automation Settings (Optional):
- Ticker Override (optional)
- Define Contracts (position size)

- Strategy Configuration:
- Trade Direction: Both / Long Only / Short Only

- Visual Configuration:
- Option to Show Buy/Sell Signals
- Highlight Trend Zones
- Display Info Table
- Customizable Bull/Bear Colors

Alerts and Automation (Optional)
This strategy can generate order-fill alert payloads for hooking into webhook-based automation solutions. Keep in mind to validate your alert type and your bridge/broker configuration during Replay and paper trading. Note that reversals may trigger two sequential actions (e.g., exit followed by new entry).

Backtest Notes (Optional)
For more precise historical fill data, consider enabling TradingView’s Bar Magnifier in Strategy Properties. Always apply consistent assumptions for commission and slippage when comparing backtest results.

Disclaimer
This script is intended for informational and educational purposes only and does not constitute investment advice. Trading futures carries significant risk and may result in losses that exceed the initial deposit. Backtested results are hypothetical and do not guarantee future performance.