Alg0 FleX - Automated Trading Strategies

This strategy capitalizes on extreme RSI readings, utilizing them as powerful momentum signals to initiate trades. When these signals are identified, the strategy executes trades by buying or selling during a pullback to the 5 EMA (low) for long positions or the 5 EMA (high) for short positions. The exit strategy is dynamic, targeting the rolling 12-bar high or low. This rolling high/low feature is particularly effective, as it adjusts the profit target during prolonged consolidations, gradually lowering it with each new bar. The most successful trades typically unfold within 2 to 6 bars.

To manage risk, a hard stop is set based on a multiple of the ATR or a fixed tick size from the position’s average price, with both parameters adjustable through user inputs.

Designed for the 1-minute timeframe on the Nasdaq 100 (NQ), this strategy is both robust and reliable, boasting a win rate between 70% and 80%, with larger profits on winning trades. However, it is advisable to avoid signals that arise from volatility driven by economic news, as these can skew the performance.