OPEN-SOURCE SCRIPT

Scalping 15min: EMA + MACD + RSI + ATR-based SL/TP

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📈 Strategy: 15-Minute Scalping — EMA + MACD + RSI + ATR-based SL/TP
This scalping strategy is designed for 15-minute charts and combines trend-following and momentum confirmation with dynamic stop loss and take profit levels based on volatility.

🔧 Indicators Used:
EMA 50 — identifies the main trend

MACD Histogram — confirms momentum direction

RSI (14) — filters overbought/oversold conditions

ATR (14) — dynamically sets SL and TP based on market volatility

📊 Entry Conditions:
Long Entry:

Price is above EMA 50

MACD histogram is positive

RSI is above 50 but below 70

Short Entry:

Price is below EMA 50

MACD histogram is negative

RSI is below 50 but above 30

🛑 Risk Management:
Stop Loss: 1×ATR (user-configurable)

Take Profit: 2×ATR (user-configurable)

These values can be adjusted in the script inputs depending on your risk/reward preference or market conditions.

⚠️ Notes:
Strategy is optimized for scalping fast-moving pairs (e.g. crypto, forex).

Works best in trending markets.

Use backtesting and forward testing before live trading.

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