OPEN-SOURCE SCRIPT
Simple Market Metrics v5
How to enter a trade: Wait for a Buy or Sell signal to appear"
If the signal remains when the candle closes, enter the trade with a market or limit order"
How to exit a trade:\n• Take profit when the price reaches the profit target line"
Stop out of the trade if the white dot remains on the opposite side of the profit wave only when the candle has closed."
If you are in a long trade, and a candle closes with the white dot below the profit wave, close the trade."
What markets can this be traded with? Simple Market Metrics works with any market, but the ES & NQ Futures are the preferred markets to trade this system with."
What candle type should be used? Simple Market Metrics was designed to be used on Heikin Ashi candles."
What are the preferred trading hours? The preferred hours to trade are during the New York session between 10:00am EST and 3:00pm EST."
What timeframe should I trade? The 1 and 2 minute timeframes are preferred with ES & NQ Futures"
What should I set the profit targets to? ES - 1 min: 4 ES - 2 min: 8\n• NQ - 1 min: 20\n• NQ - 2 min: 40"
How many contracts should I start trading with prop firm accounts? 50k - 5 micros on MES or MNQ 150k - 2 minis on ES or NQ"
If the signal remains when the candle closes, enter the trade with a market or limit order"
How to exit a trade:\n• Take profit when the price reaches the profit target line"
Stop out of the trade if the white dot remains on the opposite side of the profit wave only when the candle has closed."
If you are in a long trade, and a candle closes with the white dot below the profit wave, close the trade."
What markets can this be traded with? Simple Market Metrics works with any market, but the ES & NQ Futures are the preferred markets to trade this system with."
What candle type should be used? Simple Market Metrics was designed to be used on Heikin Ashi candles."
What are the preferred trading hours? The preferred hours to trade are during the New York session between 10:00am EST and 3:00pm EST."
What timeframe should I trade? The 1 and 2 minute timeframes are preferred with ES & NQ Futures"
What should I set the profit targets to? ES - 1 min: 4 ES - 2 min: 8\n• NQ - 1 min: 20\n• NQ - 2 min: 40"
How many contracts should I start trading with prop firm accounts? 50k - 5 micros on MES or MNQ 150k - 2 minis on ES or NQ"
Open-source script
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