This strategy is based on the Amazing scalper for majors with risk management by SoftKill21
The change is in lines 11-20 where the sma's are replaced with Triple ema's to
lower the lag.
The original author is SoftKill21. His explanation is repeated below:
Best suited for 1M time frame and majors currency pairs.
Note that I tried it at 3M time frame.
Its made of :
( ) , long period 25
( ) Predictive, long period 50,
( ) Predictive, long period 100
Risk management , risking % of equity per trade using stop loss and take profits levels.
When the 25 cross up through the 50 and 100 . 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)
When the 25 cross down through the 50 and 100 , 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)
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
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.