exlux99

Forex Fractal EMA Scalper

This is a forex scalper designed for very short timeframes 1-5 min max.
At the same time due to the short timeframe, is recommend to re optimize it weekly .

Its components are
Fractals
Triple EMA with different lengths


Rules for entry:
For long : we have an up fractal and all 3 ema are in ascending order
For short: we have a down fractal and all 3 ema are in descending order.


Rules for exit
We exit when we either get a reverse order or when we hit the take profit or stop loss calculated in fixed pips.



Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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