OPEN-SOURCE SCRIPT

Amazing scalper for majors with risk management

Hello,

Today I am glad to bring you an amazing simple and efficient scalper strategy.

Best suited for 1M time frame and majors currency pairs.

Its made of :


Ema (exponential moving average) , long period 25
Ema(exponential moving average) Predictive, long period 50,
Ema(exponential moving average) Predictive, long period 100

Risk management , risking % of equity per trade using stop loss and take profits levels.


Long Entry:

When the Ema 25 cross up through the 50 Ema and 100 EMA. and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)


Short Entry:

When the Ema 25 cross down through the 50 Ema and 100 EMA, and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)


Exit:

TargetPrice: 5-10 pips

Stop loss: 9-12 pips


Hope you enjoy it :)
1minAUDUSDExponential Moving Average (EMA)EURUSDGBPUSDlondonMoving AveragesnewyorkscalpingTrend AnalysisUSDCADUSDJPY

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 publication is governed by House rules. You can favorite it to use it on a chart.

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