Starter Edge Strategy

Starter Edge Strategy
A clean and rule-based scalping strategy using ZLEMA, MACD and EMA filters.

Description
The Starter Edge Strategy is a structured technical trading system that combines trend-following and momentum indicators to identify potential entries on both the long and short side.

This script is intended for educational and research purposes only. It provides a clear visual framework for understanding basic momentum setups, with pre-defined risk/reward parameters and a focus on clarity of execution.

It is especially designed for beginner traders or small account investors who want to learn how to apply disciplined entries and exits with clear visual feedback. The strategy uses small position sizing and a low initial capital ($1000), making it more accessible to those just starting out.

All logic is fully transparent, with no repainting or subjective components.

Key Indicators
ZLEMA (Zero-Lag Exponential Moving Average)

MACD (based on ZLEMA)

EMA 100 for trend filtering

RSI for directional strength confirmation

Long Entry Conditions
Price above EMA 100

MACD crosses above the signal line

Histogram is rising

MACD and signal lines are not parallel

RSI > 50

Short Entry Conditions
Price below EMA 100

MACD crosses below the signal line

Histogram is falling

MACD and signal lines are not parallel

RSI < 50

Exit Logic
Take Profit: +2% from entry

Stop Loss: -1% from entry

Visual elements (optional): trade box, TP/SL lines, 2:1 risk/reward label

Strategy Settings
ZLEMA Length: 34

MACD: 12 / 26 / 9

EMA 100 Length: adjustable

RSI Period: 14

TP: 2% (default)

SL: 1% (default)

Position size: 0.1

Initial capital: $1000

Notes
This script is not financial advice.

Designed to help beginner traders study technical setups with clear visuals.

Backtesting and further validation are strongly recommended before live use.