M15 EURUSD Reversal Scalping with SuperTrend and RSI Filters
Summary
This EURUSD strategy targets a limited number of intraday reversal trades on a 15-minute chart. It enters long or short when SuperTrend direction changes, with RSI thresholds used to filter signals. A volume check requires current volume to exceed its 20-bar average, and a session filter restricts entries to a configured UTC window. The script also limits daily entries and only considers bars within a configurable recent backtest period.
Position size is calculated from a chosen percentage of strategy equity and the configured stop distance. Exits combine a stop loss with a trailing profit mechanism. The author describes the intended use as seeking one trend reversal during the London/New York overlap, but the document provides no performance report or evidence that the setup is profitable. The session code uses UTC, while the description gives an India time window, so users should verify the actual session alignment. Volume interpretation and risk sizing may also vary by instrument and broker conventions.
Key ideas
- Entries follow SuperTrend direction changes, with RSI thresholds filtering long and short setups.
- Current volume must exceed its 20-bar average before an entry is allowed.
- A daily trade limit and session window constrain entry frequency.
- Position size is derived from equity risk and the configured stop distance.
- Exits use a stop loss and trailing profit settings, with no performance evidence supplied.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.