Forex Scalping with Fractal Reversals and Triple EMA Alignment

Summary

This short-term forex strategy combines Williams-style fractals with three exponential moving averages. It is intended for charts of one to five minutes, with a recommendation to revisit parameter settings weekly. The EMA lengths and fractal period are configurable; the defaults are 10, 20, and 100 bars for the averages and two bars for the fractal period.

The description says to buy when an upward fractal appears while the averages are ordered from shortest to longest, and to sell on a downward fractal with the reverse ordering. The script’s entry conditions appear to assign those signals to the opposite entry directions, so the implementation conflicts with the written rules. Exits use fixed pip-based profit and loss distances, with both defaults set to 25 pips. The document gives no performance evidence or market-specific results. Short-timeframe execution costs, fractal confirmation delay, and the suggested weekly re-optimization may affect live results; the fixed exits and settings require independent evaluation.

Key ideas

• The strategy combines fractal turning points with a three-EMA trend filter.
• The written rules pair an upward fractal and rising EMA order with a long entry, and the reverse conditions with a short entry.
• The displayed script appears to reverse those signal-to-entry assignments.
• Profit and loss exits use configurable fixed pip distances.
• The author targets one-to-five-minute charts and recommends weekly parameter re-optimization.

Tags

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