OPEN-SOURCE SCRIPT
Auto Fair Price + Next BOS Back Srat
The strategy combines that BOS trigger with timed fair-price boxes built from the body of key 1-minute candles: 2:59am, 8:29am, 9:29am, 1:59pm, 4:59pm, and 7:59pm ET. It waits for price to drift away from the fair-price box, then enters on the next BOS candle back toward fair price. Shorts are only taken when price is above fair price and a bearish BOS prints; longs are only taken when price is below fair price and a bullish BOS prints. Stop is fixed at 25 points and the target is dynamic back to the fair-price box. Current 30-day backtest is about 42% win rate.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.