ENSO Trend Pullback Entries with EMA, VWAP, Stochastic RSI, and ATR

Summary

This strategy seeks pullbacks in the ENSO/USDT market while trading in the direction of a broader trend. Long entries require the fast EMA to exceed the middle EMA, price to be above the slow EMA and VWAP, price to be near the middle EMA, and Stochastic RSI to cross upward from oversold territory. Short entries reverse those conditions, using a downward oscillator cross from overbought territory.

The script sets stop losses and two profit targets at ATR-based distances, assigns half the position to the first target and the remainder to the second, and closes a trade if price crosses the slow EMA against it. The document provides the rules and parameter defaults but no backtest results or evidence of profitability. Its heading describes a 12-hour setup, while the embedded strategy name and code comments refer to a 15-minute chart; the intended timeframe is therefore inconsistent. The rules also use full equity sizing by default, making position sizing and market-specific testing important considerations.

Key ideas

• Long and short entries combine EMA trend direction, VWAP position, proximity to the middle EMA, and Stochastic RSI crosses.
• The pullback zone is defined by an ATR multiple around the middle EMA.
• Stops and two staged profit targets are set using ATR multiples.
• A close beyond the slow EMA against the position triggers an additional exit.
• The document gives no performance results, and its stated chart timeframe conflicts with the code labels.

Tags

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