M15 EURUSD Scalping with SuperTrend Reversals and RSI Filtering

Summary

This script describes a 15-minute EURUSD scalping strategy that seeks one trade per day during a defined session. It uses a SuperTrend direction change to signal a possible reversal, with RSI thresholds to filter entries and a volume condition requiring volume to exceed its 20-period average. Trading is limited to one daily entry, and the strategy only considers a recent lookback window.

Position size is calculated from a stated 2% equity risk allowance and the stop distance. Exits combine a fixed stop with trailing profit settings. The accompanying description identifies the London and New York overlap as the intended trading period, though the configured session is specified in UTC. No performance results or comparative evidence are provided; the listed risk percentage and stop calculations do not establish realized risk across instruments or execution conditions.

Key ideas

• A SuperTrend direction change supplies the potential long or short reversal signal.
• RSI thresholds and volume above its moving average filter entries.
• The strategy limits entries to one per day within a configured session and backtest window.
• Position size is based on a stated equity risk percentage and stop distance.
• Exits use a stop loss alongside trailing profit parameters.

Tags

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