PROTECTED SOURCE SCRIPT

Intraday Trading Hit and Run

72
# Strategy Overview
This is a short-term trading system designed for quick entries/exits (intraday). It uses multiple technical indicators to identify momentum trades in the direction of the trend, with built-in risk management through trailing stops.

# Main Components

1. Trend Filter

Uses two EMAs (10-period "fast" blue line and 100-period "slow" red line)

Only trades when:

Long: Price AND fast EMA are above slow EMA

Short: Price AND fast EMA are below slow EMA

2. Main Signal

////Stochastic Oscillator (14-period):

Buy when %K line crosses above %D line

Sell when %K crosses below %D

////Trend Strength Check

Smoothed ADX indicator (5-period EMA of ADX):

Requires ADX value ≥ 25 to confirm strong trend

3. Confirmation using Volume Filter (Optional)

Checks if current volume is 1.5× greater than 20-period average volume

# Entry Rules
A trade is only taken when:

All 3 indicators agree (EMA trend, Stochastic momentum, ADX strength)

Volume filter is satisfied (if enabled)

# Exit Rules

1. Emergency Exit:

Close long if price drops below fast EMA

Close short if price rises above fast EMA

2. Trailing Stop:

Actively protects profits by moving stop-loss:

Maintains 0.1% distance from highest price (longs) or lowest price (shorts)

# Risk Management

Only use 10% of account per trade

Includes 0.04% commission cost in calculations

All trades monitored with trailing stops

# How It Operates
The strategy looks for strong, high-volume momentum moves in the direction of the established trend (as determined by EMAs). It jumps in quickly ("hit") when conditions align, then protects gains with an automatic trailing stop ("run"). Designed for fast markets where trends develop rapidly.

You can use it on 15m, 1h or 4h

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.