Intraday Golden duck

Key Components

Plotting DTR Levels
DTR High 1 & Low 1 are plotted with a bold green and red line (Major Levels).
DTR High 2 & Low 2 are plotted with a lighter green and red line (Minor Levels).
This visualizes potential breakout and stop-loss zones.


Defining Market Hours
The strategy runs only between:

Start Time: 9:15 AM (Market Open)
End Time: 3:00 PM (Market Close)
Trades can only occur during this period.

Avoiding Multiple Trades Per Day
A boolean variable trade_taken_today ensures that:

Only one trade is executed per day (either Buy or Sell).
It resets at the beginning of a new trading day.
Entry Conditions
A long position (Buy) is entered when:

The market is open.
The close price breaks above dtr_high_1.
No other trade has been executed yet.
A short position (Sell) is entered when:

The market is open.
The close price drops below dtr_low_1.
No other trade has been executed yet.
Stop-Loss Conditions
To protect against large losses, stop-loss levels are placed at DTR 2 levels:

For Long Trades: If price falls below dtr_high_2, the trade exits.
For Short Trades: If price rises above dtr_low_2, the trade exits.
Using Parabolic SAR for Additional Exit Signals
The Parabolic SAR (PSAR) is used to trail stop-loss:

Long Exit: If price falls below PSAR, the position is closed.
Short Exit: If price rises above PSAR, the position is closed.
Universal Exit Condition (3:00 PM)
At exactly 3:00 PM, all positions are forcefully closed, ensuring no overnight risk.

Execution Logic
If Buy Condition is met → Enter Long position.
If Sell Condition is met → Enter Short position.
If Stop-Loss or PSAR condition triggers → Exit the trade.
At 3:00 PM, close all positions.
Key Features & Benefits
✅ Intraday Only: No overnight risk.
✅ One Trade per Day: Avoids overtrading.
✅ Dynamic Levels: Adapts to market volatility.
✅ PSAR Protection: Helps reduce drawdowns.
✅ Universal Exit: Ensures systematic closing.

This strategy is designed for traders looking for a systematic, rule-based approach to intraday trading using price action and volatility expansion principles. 🚀