MNQ1! 15min NW Strategy V2.0

This strategy is built specifically for the MNQ1! futures contract on the 15-minute timeframe. It identifies and trades a specific price action setup where candles have little to no wick (either top or bottom), indicating potential momentum continuation. The system places pending limit orders with defined stop-loss and take-profit levels based on ATR volatility.

🔍 Key Features:

Only runs on MNQ1! and the 15-minute chart (errors otherwise to prevent misuse).

Detects "no-wick" candles based on configurable wick and body size filters.

Supports session-based trading (default: 02:00–16:00 NY time).

Executes limit-style entries placed a set number of points away from candle levels.

Uses ATR-based stop-loss and take-profit calculations for adaptive risk control.

Cancels orders automatically after a configurable number of bars if not filled.

Built-in performance statistics table shows live metrics on strategy results.

Trade signals and SL/TP levels are plotted directly on the chart for easy visualization.

⚙️ User Inputs Include:

Candle Settings: Wick percentage, min/max body size

Risk Settings: ATR multiplier, risk/reward (TP), contract size

Strategy Settings: Session time, entry offset distance, cancel-after bars

Performance Table: Toggle visibility, starting balance for display calculations

📈 Performance Table Metrics:

Total trades

Starting and ending balance

Net return in $ and %

Win rate

Maximum drawdown (in $ and %)

⚠️ Notes:

This strategy does not repaint.

Meant for educational and research purposes only — it is not financial advice.

Results may vary based on market conditions, latency, and broker execution. Always forward-test before using in live trading.