OPEN-SOURCE SCRIPT
Adaptive Momentum Scalper (AMS) - ADX/RSI Filters Fixed
### 📘 Strategy Description: **Adaptive Momentum Scalper (AMS) – Prop Firm Edition**
The **Adaptive Momentum Scalper (AMS)** is a breakout-based trend-following strategy designed with **prop firm trading rules and risk management** in mind. It combines volatility, momentum, and trend filters with dynamic sizing to manage risk across changing market conditions.
#### ✅ Core Features:
* **Breakout Logic**: Enters long or short when price breaks above/below a short-term range.
* **Momentum Filter**: Confirms breakouts with ATR-based price momentum.
* **Trend Filter**: Uses EMA(20) to ensure directional bias.
* **Volatility Filter**: Requires ATR > ATR average to avoid choppy zones.
* **ADX Filter (Optional)**: Confirms strength of trend (default ADX > 20).
* **RSI Zone Filter (Optional)**: Limits long trades to RSI > 50, shorts to RSI < 50.
* **Dynamic Position Sizing**: Risk-based lot sizing tied to ATR and account equity.
* **Hard SL/TP or Time-Based Exit**: Trades close by target, stop, or max bars in trade.
* **Session Filtering**: Trade only within configured hours (to avoid high spread periods).
* **Prop Firm Safety-Oriented**: Configurable to stay within max drawdown rules.
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### ⚙️ Settings:
* **Risk per Trade** (% of equity)
* **ATR multipliers** for stop loss and take profit
* **Trading hours** (e.g. 1 AM to 10 PM EST)
* **Max bars in trade before exit**
* **Enable/disable**:
* ADX filter
* RSI filter
---
### 🎯 Ideal Use:
* Scalping on **Gold (XAUUSD)** or other volatile assets.
* Forward testing under prop firm conditions (3% daily / 6% max drawdown).
* Identifying breakout opportunities with strong trend and momentum backing.
The **Adaptive Momentum Scalper (AMS)** is a breakout-based trend-following strategy designed with **prop firm trading rules and risk management** in mind. It combines volatility, momentum, and trend filters with dynamic sizing to manage risk across changing market conditions.
#### ✅ Core Features:
* **Breakout Logic**: Enters long or short when price breaks above/below a short-term range.
* **Momentum Filter**: Confirms breakouts with ATR-based price momentum.
* **Trend Filter**: Uses EMA(20) to ensure directional bias.
* **Volatility Filter**: Requires ATR > ATR average to avoid choppy zones.
* **ADX Filter (Optional)**: Confirms strength of trend (default ADX > 20).
* **RSI Zone Filter (Optional)**: Limits long trades to RSI > 50, shorts to RSI < 50.
* **Dynamic Position Sizing**: Risk-based lot sizing tied to ATR and account equity.
* **Hard SL/TP or Time-Based Exit**: Trades close by target, stop, or max bars in trade.
* **Session Filtering**: Trade only within configured hours (to avoid high spread periods).
* **Prop Firm Safety-Oriented**: Configurable to stay within max drawdown rules.
---
### ⚙️ Settings:
* **Risk per Trade** (% of equity)
* **ATR multipliers** for stop loss and take profit
* **Trading hours** (e.g. 1 AM to 10 PM EST)
* **Max bars in trade before exit**
* **Enable/disable**:
* ADX filter
* RSI filter
---
### 🎯 Ideal Use:
* Scalping on **Gold (XAUUSD)** or other volatile assets.
* Forward testing under prop firm conditions (3% daily / 6% max drawdown).
* Identifying breakout opportunities with strong trend and momentum backing.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.