Scalp - 50/200 EMA

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Works on any timeframe but was built originally for scalping. Uses 50EMA and 200EMA to define the trend and touch backs on to the 50 EMA for entry.

200 EMA - White Line
50 EMA - Yellow Line
ATR: Length 14 Smoothing RMA

1. Wait for 50ema to crossover 200 ema – Then wait for candle to touch 50 ema after the cross.
2. Entry: Green candle that closes above 50 ema without getting more than 3 candles closing below(BUY) or above (SELL) 50ema.
3. Stop loss: 2x ATR value below entry candle.
4. Take profit: 1.5x the risk.

Settings allow for # of Entries allowed per trend as well as EMA periods.

Opposite for Sell Entries (Stop Loss: 2x ATR value above entry candle)

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ملاحظات الأخبار

The updated version allows for users to set EMA lengths, SL level, and Adjustable R.

We have set the default settings to 20, 50 as they give a good balance of long term and shorter term moves. R is set at 1.