OPEN-SOURCE SCRIPT
M15_Scalp_V1
This is how I set up my M15 scalping for EURUSD. I made it so that it looks for one strong trend reversal every day, especially during the London/NY overlap. How it works: Selective Entry: Uses a tight SuperTrend and RSI filter to find reversals early without having to buy at the top. Institutional Filter: I added a volume check so that it only goes off when there is real money moving the market. Risk First: It figures out the lot sizes for me based on a 2% risk of my total balance. One Shot: Only one setup can be traded per day between 11:00 AM and 10:00 PM IST to keep people from overtrading and trading during high-spread hours. Preparation: The M15 timeframe is best for this.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.