TradingPit Scalping Strategy - EUR/USD 15M
The strategy uses a short (30) and long period (200) exponential moving average which you can both change in the settings. The strategy is trend following and designed to only trade in the direction of the trend. It looks for pullbacks against the direction of the trend to buy and sell into the trend.
Long Entry Conditions:
- Short EMA above long EMA and price above short EMA
- Pullback below short EMA
- Entry on close above short EMA
Short Entry Conditions:
- Short EMA below long EMA and price below short EMA
- Pullback above short EMA
- Entry on close below short EMA
Long Entry Conditions:
- Short EMA above long EMA and price above short EMA
- Pullback below short EMA
- Entry on close above short EMA
Short Entry Conditions:
- Short EMA below long EMA and price below short EMA
- Pullback above short EMA
- Entry on close below short EMA
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