BigBarChaser v2 ES 2min

BigBarChaser v2 ES 2min
The BigBarChaser v2 is a straightforward, conservative breakout trading strategy designed for the E-mini S&P 500 (ES) on a 2-minute chart. It focuses on capturing momentum-based breakouts following a period of consolidation, using strict trade criteria to filter out low-probability setups.

How It Works
✅ Breakout Confirmation: Trades are only taken when a bar closes with significant strength relative to its range, confirming a strong directional move.
✅ Sideways Market Filter: The strategy ensures that breakouts occur after a period of reduced volatility, avoiding false signals in choppy conditions.
✅ Trend Alignment: A combination of moving averages helps confirm overall market direction, filtering out counter-trend trades.
✅ Fixed Risk Management: The stop-loss is set at 67% of the entry point, while take-profit levels are dynamically calculated based on market volatility.
✅ Market Hours Optimization: Trades are executed only within specific trading hours to maintain efficiency and avoid illiquid periods.
✅ Position Sizing: Backtested results are based on trading 1 ES contract, ensuring realistic performance that is achievable for any trader.

Performance
✅ The strategy has shown consistently positive results in backtesting, demonstrating strong potential in real-market conditions.
✅ Risk is managed through fixed stop-loss levels and a volatility-adjusted take-profit mechanism.
✅ The method is designed to be accessible to traders of all levels, without requiring excessive capital or complex trade management.

How to Use It
✅ The script automatically executes trades based on predefined conditions—no user input is required.
✅ Signals are plotted on the chart for visual reference.
✅ All risk management settings, including stop-loss and take-profit, are fixed to ensure a structured approach.

Disclaimer
"This strategy is a trading tool designed for traders seeking structured breakout setups. While it follows a defined approach, trading involves risk, and there are no guarantees of profitability. Past performance does not guarantee future results. Users are responsible for their own trading decisions and should conduct thorough research before using this strategy in live markets. This is not financial advice."