OPEN-SOURCE SCRIPT
Adaptive Momentum Scalper (AMS) - Prop Firm Safe
**This has only been used in TV strategy testing and has not been used by me on a live account yet.**
This is a strategy is a quick momentum trading with a close stop loss. This scalping strategy looks for big candles and momentum and enters a quick trade. SL and TP are ATR based and the duration of open time is limited to the number of candles entered in the settings.
Please take a look and let me know your thoughts. If anyone can collect some solid data on forward testing please let me know.
This is a strategy is a quick momentum trading with a close stop loss. This scalping strategy looks for big candles and momentum and enters a quick trade. SL and TP are ATR based and the duration of open time is limited to the number of candles entered in the settings.
Please take a look and let me know your thoughts. If anyone can collect some solid data on forward testing please let me know.
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.