EMA RSI ADX Scalping Strategy

31 oct 2021

This is the strategy version of my ERA Indicator. You can check my scripts if you'd like to use only study indicator.

Strategy Rules For Long Entry:
- Check if price above the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Oversold
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss below last swing low with 1:1 or 1.5:1 take profit ratio.

Strategy Rules For Short Entry:
- Check if price below the set EMA (Can disable this rule if you'd like in the settings)
- RSI is in Overbought
- ADX is above set "Trend Ready" threshold (Meaning there is a trend going on)
- Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries.
- Enter with stop loss above last swing high with 1:1 or 1.5:1 take profit ratio. (Can be adjusted)

Features:
- You can modify a lot values to your liking.
- Choose Fixed or Trailing Stop Loss / Take Profit with detailed modifiers.
- You can connect it to bots if you'd like.
- It does NOT repaint.
- Since it's a scalping strategy recommended to use on 15 min or below timelines.
- Choose if you want to stop entry on opposite signals.
- And some other things i may not remember right now...

I tried to code this as modifiable as possible. Let me know if there are any problems you encounter. Open to suggestions as well.
Happy Trading.

30 mar 2023

Notas de prensa

Updated after a request. This strategy is very old and aside from few bug fixes it won't be updated anymore. Use at your own will.

21 sept 2023

Notas de prensa

- Fixed alert triggering on every candle