0-5 Box Strategy Tester v4

4 ago

🟩 0-5 Box Strategy Tester v4 — Explained Simply
This script is a modular hourly breakout strategy designed to help traders test and trade breakouts (or pullbacks) from the first 5-minute range of any selected hour. It supports both long and short positions and is optimized for scalping or intraday strategies.

🔑 Core Strategy Logic
Box Formation: At the start of every hour, the script tracks the high and low of the first 5 minutes (e.g., from 9:00 to 9:04).

Trade Trigger: Once price breaks out above or below this 5-minute box (either instantly or after a pullback), it can trigger a long or short entry depending on your settings.

Entry Type: Supports two main styles:

Breakout entry: Buy/sell as soon as price breaks the box.

Pullback re-entry: Wait for price to break the box, pull back, then re-enter on a limit order.

🧪 Smart Entry Filters (Optional but Powerful)
You can refine your trades using several filters:

✅ Previous Hour Direction – Only trade in the direction of the last hour’s candle (bullish/bearish).

🔄 Reversal Filter – Only trade against the previous hour’s direction.

💧 Liquidity Sweep – Require the previous hour’s high or low to be swept first (liquidity-based entry).

🔁 Q2 Confirmation (15–30 min logic) – Confirm price action in the second quarter of the hour (like retests or wick-based logic).

🕒 Max Entry Time – Prevent late trades within the hour (e.g., no entries after minute 45).

📦 Max Range % – Avoid trading during overly volatile hours by filtering out wide boxes.

🕘 Flexible Hour Selection
You can choose to:

Trade all hours

Or select specific hours manually (like 4AM, 9AM, etc.)

📉 Risk & Position Sizing Options
Supports stop-loss and take-profit by:

Points

Percentage

Risk:Reward Ratio

Choose fixed contract size or auto-size based on dollar risk.

📊 Built-In Analytics
The strategy tracks and displays:

Win rate

PnL (total, by hour, by day)

Average drawdown

Risk metrics (Expectancy, Profit Factor, Payoff Ratio)

Hour-by-hour stats (how each hour performs historically)

Day-of-week performance

Visual tables on chart for easy analysis

🧠 Use Cases
This strategy is ideal for:

Futures traders (like NQ/ES/GC) who trade specific sessions (e.g., NY open, London)

Scalpers looking for tight breakouts or pullbacks

Systematic traders backtesting precision setups

Traders using confluence like session breaks, liquidity sweeps, and inside-hour confirmations

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