PROTECTED SOURCE SCRIPT
Parabolic trend scalper
Updated
This is based on a well known 5 min forex scalping strategy that analyses the general trend and goes long/short in that direction. Trades are filtered against a number of fundamentals to minimise the chances of weak signals.
Dark green = Upward trend
Light green = Long signal
Dark red = Downward trend
Light red = Short signal
Alerts are built in and should be set to 'once per candle' if trading with a bot. Ensure that your setup ignores alerts for positions already open in the same direction.
Dark green = Upward trend
Light green = Long signal
Dark red = Downward trend
Light red = Short signal
Alerts are built in and should be set to 'once per candle' if trading with a bot. Ensure that your setup ignores alerts for positions already open in the same direction.
Release Notes
Added alert labels to make entries clearerProtected script
This script is published closed-source and you may privately use it freely.
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