M15 SuperTrend Reversal Scalping with Volume and Risk Filters

Summary

This short-term strategy looks for SuperTrend direction changes, with RSI thresholds filtering long and short entries. It also requires current volume to exceed its moving average, restricts entries to a configured trading session and recent lookback window, and limits the number of trades per day. Position quantity is calculated from a chosen equity risk percentage and the stated stop distance, using the symbol’s tick size and point value. Exits combine a fixed stop with a trailing profit mechanism.

The author describes it as an M15 approach for EURUSD that aims for one daily reversal setup around the London and New York overlap. The script includes example parameters, session settings, commission and slippage assumptions, and entry labels, but the document gives no strategy report or performance evidence. Volume availability and meaning can differ across forex feeds, and the sizing formula depends on symbol specifications and the stop being expressed in compatible units. The stated timeframe and trading-session rationale are recommendations from the author, not demonstrated results.

Key ideas

• SuperTrend direction changes generate candidate reversal entries, with RSI used as a filter.
• Entries require above-average volume, an allowed session, and compliance with a daily trade limit.
• Position size is derived from an equity risk percentage and the stop distance in tick-value terms.
• The strategy combines a fixed stop with trailing profit exit settings.
• The document describes an intended EURUSD M15 use but reports no measured performance.

Tags

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