Price Action Trader

Overview

The 20 EMA Scalper is a precision-oriented scalping strategy built for high-frequency intraday traders operating on 1, 3, and 5-minute charts. It combines short-term trend detection using a fast Exponential Moving Average (EMA) with price-action-based entry triggers and ATR-calculated exit logic. Designed to help traders capture quick momentum bursts, the strategy emphasizes strict trade management through fixed 1:2 risk/reward ratios and optional VWAP filtering.

Key Features

• Scalping-Focused Timeframes:
  Optimized for 1-minute, 3-minute, and 5-minute charts. Ideal for prop firm challenges, momentum scalping, or high-frequency trading.
  
  
• EMA Trend Confirmation:
  Trades are only taken in the direction of a fast EMA (default: 13-period) plus momentum bias using price vs. previous close.
  
  
• Price Action Entry Triggers:
  Second-entry-style logic using pivot highs/lows and signal bar strength (body direction, breakout, volume increase).
  
  
• ATR-Based Risk/Reward Logic:
  Exit logic uses ATR-based stop-loss and 1:2 risk/reward take-profit targets for clear, consistent trade management.
  
  
• Optional VWAP Filtering:
  VWAP can be toggled to filter trades that occur far from mean-reversion levels.
  

Note:
This strategy is built for long and short momentum trades. It is not recommended for use during low-volume or sideways sessions.