GG ES Scalp IBTT Momentum Strategy v1.0
Script for Scalping the ES. Apply it to a 15 second chart. The Momentum Multiplier is a float input and the lower the number the less conservative the strategy is. It doesn't fire signals everyday but its pretty accurate. Send me a message to get access.
ES1!
ES1!
Versionsinformation:
GG ES Scalp IBTT Momentum Rules and Chart Setup
-15second chart
-no special charts (only bar or regular candles)
-only tested on ES with default parameters
-trades only 0830-1100 and 1300-1500 (you can change it in settings)(use format 0800-1500 for no break in between) (those times are where the exchange for the symbol is for ES it is central time)
Basic strategy is when it fires a signal enter a stop order in the direction of the signal one tick above/below the previous bar. In this example it fired a signal (arrow A) so we put a stop order to short one tick below previous bar (arrow B). Notice how it didnt get filled until 3 bars later (arrow C). The rule is if it doesnt get filled in 20 bars (20 x 15sec bars = 5 min) then you disregard the signal and remove your stop entry order.
Exits:
stoploss = 6 ticks
first target = 4 ticks
second target = 6 tick trail
move stoploss to breakeven at 6 ticks positive move
use 2 contracts(or more) and first exit is 4 ticks from entry and second exit is trailed with 6 ticks and move stop to breakeven at 6 ticks and let the trailed contracts go until stopped out
-15second chart
-no special charts (only bar or regular candles)
-only tested on ES with default parameters
-trades only 0830-1100 and 1300-1500 (you can change it in settings)(use format 0800-1500 for no break in between) (those times are where the exchange for the symbol is for ES it is central time)
Basic strategy is when it fires a signal enter a stop order in the direction of the signal one tick above/below the previous bar. In this example it fired a signal (arrow A) so we put a stop order to short one tick below previous bar (arrow B). Notice how it didnt get filled until 3 bars later (arrow C). The rule is if it doesnt get filled in 20 bars (20 x 15sec bars = 5 min) then you disregard the signal and remove your stop entry order.
Exits:
stoploss = 6 ticks
first target = 4 ticks
second target = 6 tick trail
move stoploss to breakeven at 6 ticks positive move
use 2 contracts(or more) and first exit is 4 ticks from entry and second exit is trailed with 6 ticks and move stop to breakeven at 6 ticks and let the trailed contracts go until stopped out
Versionsinformation:
Testing update and changed overlay to true