NUMEX CL Range 60 Swing Rejection
Rejection of the latest swing highs and lows on Range 60 bars, stop beyond the swing and target as a multiple of risk.
- Type
- Strategies
- Market
- CL
- Platform
- NinjaTrader 8
- Deliverable
- .cs file or compiled export
Logic
CL Range 60 Swing Rejection targets crude oil on Range 60 bars. The strategy spots confirmed swings: a high or low that dominates a set number of bars on each side. The latest swing high and swing low are drawn on the chart.
When a bar tests the swing high within the tolerance and then closes bearish below the level, the strategy sells at the close. The mirror setup triggers a buy at the swing low. The stop sits beyond the swing with a buffer, the target at a multiple of the risk. If the risk exceeds the allowed maximum, the trade is skipped.
One position at a time, a daily trade limit, calculated on bar close. This version uses neither a moving-average filter nor a time filter.
Features
- Swing highs and lows confirmed on both sides
- Short on a bearish bar rejecting the swing high, long on a rejection of the swing low
- Stop beyond the swing with a buffer, target as a multiple of risk
- Trade skipped when risk exceeds the maximum
- Daily trade limit
- No moving-average or session filter
Parameters
- Quantity (default 1)
- Bars on each side of the swing (default 2)
- Retest tolerance (default 4 ticks)
- Stop buffer (default 4 ticks)
- Risk/reward ratio (default 2.0)
- Maximum risk (default 120 ticks)
- Max trades per day (default 4)
Screenshots
Futures trading involves a risk of capital loss. Our tools are decision-support software, not investment advice. Past performance is not indicative of future results.