Multi-Timeframe EMA Scalping with Session Filters and ATR Exits

Summary

This scalping strategy combines a higher-timeframe trend filter with a lower-timeframe EMA crossover and limits entries to the London or New York sessions. The written guide specifies a 1-hour EMA for direction and a 15-minute EMA for entry momentum. It describes waiting for a subsequent candle to confirm the crossover, then entering at that candle’s close. Stop distance is based on the 14-period ATR multiplied by a configurable factor, and the take-profit distance targets a configurable reward-to-risk multiple. Chart labels and lines are intended to show entry direction, stop, target, and calculated risk and reward.

There is a mismatch between the guide and the supplied code: the code enters directly on the EMA crossover and does not implement the stated next-candle confirmation. It also calculates stop levels from the signal bar’s low or high plus the ATR distance. The document provides no backtest findings or evidence of profitability, and results may depend on symbol, timeframe, session definitions, and execution assumptions. The method is a rule set, not a validated edge.

Key ideas

• The written setup aligns lower-timeframe EMA crossovers with a higher-timeframe EMA trend filter.
• Entries are restricted to the London and New York trading sessions.
• Stops use an ATR-based distance from the signal bar’s low or high, with targets set by a reward-to-risk multiple.
• The narrative specifies next-bar confirmation, but the provided code enters on the crossover without that confirmation.
• No performance evidence is supplied, so the rules’ effectiveness remains unestablished.

Tags

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