AM Range Sniper [jmaxxx]

AM Range Sniper [jmaxxx]

Overview

AM Range Sniper [jmaxxx] is a sophisticated morning session trading strategy designed for Micro E-mini Nasdaq-100 Index Futures (MNQ). This strategy capitalizes on the critical 8:30-9:30 AM EST range formation period, implementing precise entry and exit mechanics with advanced risk management.

Key Features

🕐 Time-Based Range Analysis

Range Definition: Automatically identifies and tracks the 8:30-9:30 AM EST range
Trading Window: Active trading from 9:30 AM to 11:00 AM EST (extended for second chance trades)
Session Management: Daily reset ensures clean state for each trading session

🎯 Multiple Entry Patterns
Breakthrough/Retest: Captures price breakthroughs above range with retest opportunities
Long/Short Opportunities: Comprehensive coverage of both directional moves

Breakdown: Identifies bearish breakdowns below range support

Break Up: Detects bullish breakups above range resistance

Range Sweeps: Monitors for range high/low sweeps with reversal entries




⚡ Advanced Risk Management
Configurable Stop Losses: Tick-based stop losses for each trade type
Take Profit Targets: Automatic target calculations based on range size
Hard Close Protection: Automatic position closure at 4 PM EST
Second Chance Feature: Optional second trade opportunity if first trade loses

🔧 Professional Features
Visual Stop Loss Lines: Real-time stop loss visualization on chart
Debug Information Panel: Comprehensive status monitoring
Alert Integration: Customizable alert messages for entries/exits
Flexible Time Settings: Adjustable for different timezones

Strategy Logic

Range Formation (8:30-9:30 AM)

The strategy monitors the first hour of trading to establish the day's range. This range serves as the foundation for all subsequent trading decisions.

Entry Conditions

Breakthrough: Price breaks above range high with retest rejection
Breakdown: Price breaks below range low with confirmed bearish momentum
Break Up: Price breaks above range high with strong bullish confirmation
Sweep Entries: Range high/low sweeps followed by reversal signals

Risk Management

Stop Loss: Configurable tick-based stops for each trade type
Take Profit: 1.5x range size targets for breakdown/breakup trades
Position Sizing: Percentage-based position sizing
Session Limits: Maximum 2 trades per session (with second chance feature)

Settings & Customization

Core Parameters

Enable/disable individual entry patterns
Configurable stop loss levels (1-500 ticks)
Second chance feature toggle
Previous day level integration

Visual Customization

Customizable stop loss colors and widths
Debug panel visibility
Range line styling

Alert Configuration

Custom entry/exit alert messages

***** Automate With *****

APEX
NinjaTrader
Crosstrade.io ( promo code JMAXXX )

Performance & Reliability

Precision Focused: Waits for high-probability setups
Risk-Aware: Comprehensive stop loss and position management
Session-Based: Clean daily resets prevent carryover issues
Professional Grade: Designed for serious traders

Ideal For

Day Traders: Morning session specialists
Futures Traders: MNQ and similar instruments
Range Traders: Traders who capitalize on range breakouts
Risk-Conscious Traders: Those who prioritize risk management

Disclaimer

This strategy is for educational and informational purposes. Past performance does not guarantee future results. Always test thoroughly on historical data and paper trading before live implementation. Risk management is crucial - never risk more than you can afford to lose.

Created by jmaxxx - Professional trading strategy developer

For questions, feedback, or customization requests, please leave a comment below.