Fast EMA Crossover Scalping with Fixed Stops and Trailing Exits

Summary

This simple scalping strategy uses crossovers between a fast and a slow exponential moving average as directional entry signals. A crossover upward opens a long position, while a downward cross opens a short. The chart plots both averages and the script sends an alert when either entry condition occurs.

Each entry is paired with a fixed stop set as a percentage of the signal-bar close and a trailing exit whose distance is also expressed as a percentage of that close. The strategy declaration sizes positions as a percentage of equity. Although the page description mentions MACD, the supplied source uses only EMA crossovers and contains no MACD calculation. No market, timeframe, transaction costs, or performance results are established in the excerpt, so it provides a basic rule set rather than evidence that the approach is suitable or profitable for scalping.

Key ideas

• An upward crossover of the fast EMA over the slow EMA triggers a long entry, and a downward crossover triggers a short.
• The strategy sets a fixed percentage stop and a percentage-based trailing exit for each direction.
• Position sizing is configured as a percentage of equity, and alerts are sent on entry signals.
• The page mentions MACD, but the supplied source contains no MACD logic or performance evidence.

Tags

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