Soheil PKO's 5 min Hitman Scalp - 3MA + Laguerre RSI + ADX [Pt]

PtGambler Updated   
Someone sent me this strategy found on YouTube. It is Soheil PKO's "The Best and Most Profitable Scalping Strategy" Best way to find out is to code it =)

This strategy uses Moving Average Ribbon, Laguerre RSI, and ADX. This script only displays the MA ribbon, you will need to add Laguerre RSI and ADX separately.

Long Entry Criteria:
- 16 EMA > 48 EMA > 200 SMA
- Laguerre RSI > 80
- ADX > 20

Long Exit Criterion:
- 16 EMA < 48 EMA

Short Entry Criteria:
- 16 EMA < 48 EMA < 200 SMA
- Laguerre RSI < 20
- ADX > 20

Short Exit Criterion:
- 16 EMA > 48 EMA

As mentioned in the video, risk management is very important, especially for scalping strategies. Therefore, I've added option for setting Stop Loss and Price Target in the options for you guys to play with.

All parameters are configurable.


Release Notes:
Added options for 1 entry per trigger for using fixed SL / PT
Release Notes:
Updated with options to change entry threshold for LaRSI

If you make $$$ off it, consider donating some of your juicy gain :)
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You can reach me privately through my Discord Channel:
Open-source script

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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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