Weighted Technical Indicator Scoring for Directional Scalping

Summary

The visible portion describes a scalping strategy that scores directional conditions across multiple technical indicators and uses a minimum score threshold for entries. It includes an ADX filter for trend strength and direction, with separate positive and negative contributions, followed by a Supertrend indicator. Configurable controls include risk per trade, a reference reward-to-risk ratio, a cap on open trades, ATR-based stop distance limits, and a minimum entry score. Session filters cover London and New York hours, while a rolling signal window and post-close cooldown govern timing.

The source excerpt ends during the Supertrend section. It does not show the full scoring rules, remaining indicators, complete entry and exit logic, or any backtest results, so the exact signal construction and realized performance cannot be assessed. The visible settings show the strategy’s intended risk and session controls, but they do not establish that those controls reduce losses or that the score is predictive. Evaluation would require the complete rules and testing that accounts for trading costs and execution.

Key ideas

• The strategy uses a weighted indicator score and a configurable entry threshold.
• ADX contributes directional points only when it exceeds a minimum trend-strength setting.
• Risk and timing controls include ATR stop limits, trade caps, session filters, and cooldowns.
• The excerpt ends before the complete scoring and trading rules are shown.
• No backtest results are included in the available text.

Tags

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