Filtered Scalping Strategy with Trend, Volatility, and Session Controls

Summary

This strategy combines moving-average crossover signals with filters intended to control when trades are allowed. The visible code offers TEMA, Hull, or ALMA smoothing, optional alternate-timeframe signals, and optional Heikin-Ashi prices. It also checks session hours, whether ATR falls within a selected range relative to its average, higher-timeframe EMA direction and price versus a baseline average, and an ADX threshold. Cooldown and one-trade-per-trend-leg controls further limit entries.

Position management is configurable: exits can use percentage levels or ATR multiples, with three partial profit targets, a stop, and an option to move the stop to breakeven after the first target. The script includes command templates for automation and a performance and filter display. The supplied document omits much of the entry and exit implementation and reports no backtest results, so it does not establish profitability or execution quality. Its title and scalping label alone do not specify a market or timeframe suitable for the method.

Key ideas

• Entry signals use crossings between smoothed open and close series, with optional alternate-timeframe inputs.
• Session, ATR-range, higher-timeframe trend, and ADX conditions can restrict trades.
• Cooldown and trend-leg settings are designed to limit repeated entries.
• Trade exits support staged profit targets and either percentage-based or ATR-based levels.
• The provided code is incomplete and contains no performance results, so strategy effectiveness cannot be assessed from this document.

Tags

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