Breakout Scalping with EMA Trend, ATR, RSI, and Price Filters
Summary
This MetaTrader 5 Expert Advisor description outlines a breakout scalping system that trades only when a set of filters align. It uses fast and slow exponential moving averages to define direction, an ATR-based threshold for trend strength, price location relative to the averages, and a close beyond an N-bar high or low with an ATR buffer. RSI ranges and the latest close’s direction add further confirmation; an optional higher-timeframe EMA check can also be enabled.
The system includes fixed stops and targets, percentage-based sizing, a one-trade limit, drawdown and daily-trade controls, breakeven and trailing stops, and partial exits. Session, spread, news, and Friday filters constrain entries. The document describes a phased parameter-optimization process and reports one preset’s stated test statistics, but gives no independent validation or detailed test assumptions. Results may depend on instrument, broker, data, and chosen parameters; the listed configurations do not establish future performance.
Key ideas
- Entries require agreement among trend, trend-strength, price-position, breakout, RSI, and momentum checks.
- An optional higher-timeframe EMA filter can confirm trade direction.
- Stops, position sizing, trade limits, and staged exits provide the described risk controls.
- Session, spread, news, and Friday filters restrict when the system can enter.
- The document reports preset optimization figures but does not establish out-of-sample performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.