A Session-Based EMA and RSI Trading Strategy with Daily Risk Limits

Summary

The available excerpt describes an intraday strategy configured for a one-hour session beginning at 2 a.m. Eastern time. It allows weekday selection and includes fast and slow exponential moving averages, RSI thresholds, and an option to favor short positions based on an asserted overnight drift. Risk settings include dollar-denominated profit and loss exits, an optional trailing stop, a maximum number of daily trades, and a daily loss limit. The script converts dollar exit amounts into ticks using the instrument's point value and minimum tick size.

The excerpt ends while calculating indicators, before entry, exit, and trade-count logic is shown. Although it includes a strategy report interface reference, it gives no performance figures, market instrument, backtest period, or evidence that the session bias is reliable. The settings therefore describe a configurable framework, but the available text is insufficient to determine the actual trading rules or assess results. Session boundaries and daily resets are based on Eastern time, which is relevant when interpreting behavior across dates and market schedules.

Key ideas

• The excerpt defines a one-hour trading window in Eastern time and weekday filters.
• Entry inputs include fast and slow EMAs, RSI length, and overbought and oversold thresholds.
• Risk controls include profit targets, stop losses, optional trailing stops, and daily trading limits.
• Dollar-based exits are converted to tick distances using instrument specifications.
• The excerpt is incomplete before it reveals the actual entry and exit conditions or any results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.