EMA Trend and Pullback Reclaim Signals for NQ Scalping

Summary

This strategy combines a long-term EMA trend filter with a faster EMA reclaim entry. A long setup requires price above the trend EMA, a move below the fast EMA followed by a cross back above it, and RSI at or above its long threshold. Shorts reverse those conditions. A session filter is enabled by default, while a VWAP confirmation can be switched on. Entries are limited to cases where the current position is not already in the same direction.

Risk controls are parameterized with ATR-based stop and target distances, with an optional trailing stop; the visible code also sets a fixed contract quantity and commission assumption. The document provides implementation settings rather than performance evidence: no backtest results, market sample, or evaluation of costs and slippage are shown. The supplied excerpt ends before the exit orders are visible, so the configured stop and target behavior cannot be confirmed from the excerpt. Despite the NQ scalper framing, no timeframe or evidence of suitability for a particular market condition is given.

Key ideas

• The strategy uses a longer EMA to define trend and a faster EMA to time pullback reclaims.
• RSI thresholds confirm momentum before either long or short entries.
• Session restrictions are enabled by default, and VWAP filtering is optional.
• ATR multiples configure stops, targets, and an optional trailing stop.
• The excerpt gives no performance results and ends before the exit implementation is shown.

Tags

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