Strategy Specifications
- Engagement Level: Full-Auto
- Platform: Ninjatrader 8
- Key Logic: MP Entry
- Confluences Used: None
- Calculation Logic: On Bar Close
- Backtesting Compatibility: Playback only to due tick based BE logic
The MPS 5m stands as a powerful case study in the collaborative potential of the MP Lab, illustrating how the MP Entry engine can be evolved through direct interaction between the community and our development team. This experimental model applies two entirely unique logic concepts to the standard entry protocols to solve specific execution and risk challenges. First, the strategy moves away from the traditional ATR-based targets, instead utilizing the high-fidelity data of the 5-minute MP Signal candle to mathematically calculate both Take Profit and Stop Loss targets based on the specific candle size of the regime shift.
Second, the strategy features a sophisticated dual-purpose architecture for Daily Loss Limits (DLL) and Daily Profit Limits (DPL). While these function as standard caps during playback and backtesting, they are engineered to act as an “execution block” during live trading to prevent conflict with broker-side limits, such as those on Rithmic. This allows the Trader to set a buffer; for example, if your broker limit is $1,000, you can program the strategy to stop seeking new entries once profits reach $850. This prevents the system from initiating a new trade with reduced profit potential as you approach your hard ceiling, ensuring your execution remains as disciplined as the institutional flow we track.