VWAP and EMA Pullback Scalping with Volume and Risk Filters

Summary

This script outlines an intraday pullback scalping strategy built around VWAP and fast and slow exponential moving averages. Its visible settings allow session limits, long and short trading, a higher-timeframe trend bias, an optional higher-timeframe EMA filter, and relative volume confirmation. Entry options include requiring a pullback to the slower EMA and checking that price is on the appropriate side of VWAP. The excerpt ends before the bias and entry rules are shown, so their full implementation cannot be assessed.

Risk settings offer swing-based or VWAP stops, an optional ATR buffer, a partial profit target, and the choice to trail the remaining position using the fast EMA after that target. A time-based exit and a cooldown after closing are also configurable. The document provides code settings but no backtest results, market-specific evidence, or discussion of transaction costs. Its usefulness therefore lies in describing a configurable strategy framework; its performance and execution behavior remain unverified in the supplied excerpt.

Key ideas

• The strategy combines VWAP and two EMAs to frame pullback entries.
• Session, higher-timeframe bias, and relative volume filters can be enabled.
• Entries may require a touch of the slower EMA and price confirmation relative to VWAP.
• Stops can reference a recent swing or VWAP, with an optional ATR buffer.
• A partial target, EMA-based trailing exit, time stop, and post-trade cooldown are configurable.

Tags

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