EMA 5/30 Alert Strategy Custom SL/TP

The trading style and process you’re using is best described as a **systematic, algorithmic momentum strategy** that centers around moving average crossovers with custom stoploss logic and clear alert-based execution.

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### Trading Style

- **Strategy Base:** Uses exponential moving averages (EMA) as the core technical indicator, specifically a 5-period and a 30-period EMA for primary market structure and trend detection.
- **Trade Signals:** Buy signals are generated when the short EMA (5) crosses above the long EMA (30), and sell signals occur when the short EMA crosses below the long EMA.
- **Automation & Alerts:** The process is made actionable via `alertcondition()` in Pine Script, allowing the use of TradingView automation or webhook connections, enabling both notifications and the potential for algo/bot execution of trades.
- **Visual Feedback:** Signal points are highlighted on the chart with shapes/labels, ensuring that each entry and exit is immediately visible and easy to verify visually.
- **Risk & Stop Filtering:** Instead of a fixed-point or percent stoploss, your scripts use a volatility-adaptive stoploss based on the Average True Range (ATR), which is multiplied by a user-defined factor (for example, 2x ATR below/above entry) to create a dynamic, context-aware stop filter.
- **Customizability:** The length of EMAs and ATR period, as well as stoploss multipliers, are adjustable, making the system flexible for tuning to different markets and timeframes.

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### Trading Process

- At every new bar, calculate the 5-EMA, 30-EMA, and ATR.
- If a crossover event occurs:
- **Buy Entry:** 5-EMA crosses above 30-EMA; script enters long and places a stoploss at (entry − n × ATR).
- **Sell Entry:** 5-EMA crosses below 30-EMA; script enters short and places a stoploss at (entry + n × ATR).
- Signals trigger TradingView alerts, which can notify a user or send a webhook to a broker/automation tool.
- Visual buy/sell markers and fast/slow EMA lines are always plotted on the chart.
- No additional discretionary filters—process is fully mechanical and rule-based for both entry and exit.

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### Summary Table

| Component | Method/Setting |
|--------------------|------------------------------------------------|
| Signal Type | EMA(5/30) crossover |
| Stoploss | ATR x custom multiplier, adaptive |
| Alerts | Automated, via TradingView alertcondition |
| Trade Management | Entry on crossover, exit on stoploss or reverse|
| Style | Short-term momentum, rule-based |
| Customization | Periods, ATR factor, alerts enabled/disabled |

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**This approach is well-suited for fast, repeatable execution and objective analysis, minimizing emotional errors and maximizing clarity and speed of signal delivery.