EA Multi-Timeframe Scalping Trading Strategy

Multi-Timeframe Scalping Trading Strategy with VWAP, Weis Wave Volume, Pivot Points, and ADX

Timeframes:

• Long Timeframe: 1 hour (H1) for medium-term trend, and 4 hours (H4) for the long-term trend.
• Intermediate Timeframe: 15 minutes (M15).
• Short Timeframe: 1 minute (M1).

Indicators:

• Exponential Moving Average (EMA) 50 periods on H1, H4, and M15.
• Exponential Moving Average (EMA) 9 periods on M1.
• RSI (Relative Strength Index) 14 periods on M1.
• Volume (Standard Volume Indicator).
• ATR (Average True Range).
• MACD (Moving Average Convergence Divergence).
• Pivot Points (on M15).
• ADX (Average Directional Index) 14 periods on M15.
• VWAP (Volume Weighted Average Price) on M15.
• Weis Wave Volume [LazyBear] on M1 and M15.
• Open of the Day (on M15).

Entry Conditions

For an Uptrend:

1. Uptrend on H1 and H4: The price is above the EMA 50 periods.

2. Uptrend on M15: The price is above the EMA 50 periods, VWAP, and Open of the Day, and ADX is above 25.

3. Pivot Points: The price bounces off a pivot support level on M15.

4. Weis Wave Volume on M1 and M15: Indicates a bullish volume wave.

5. Uptrend on M1: The price is above the EMA 9 periods.

6. RSI in Neutral or Overbought Territory on M1: RSI > 50, but not in overbought territory (>70).

7. High Volume: The volume should be above the 20-period moving average of volume.

8. Volatility: Rising or high ATR.

9. Momentum: MACD above the signal line.

   OR

For a Downtrend:

1. Downtrend on H1 and H4: The price is below the EMA 50 periods.
2. Downtrend on M15: The price is below the EMA 50 periods, VWAP, and Open of the Day, and ADX is above 25.
3. Pivot Points: The price bounces off a pivot resistance level on M15.
4. Weis Wave Volume on M1 and M15: Indicates a bearish volume wave.
5. Downtrend on M1: The price is below the EMA 9 periods.
6. RSI in Neutral or Oversold Territory on M1: RSI < 50, but not in oversold territory (<30).
7. High Volume: The volume should be above the 20-period moving average of volume.
8. Volatility: Rising or high ATR.
9. Momentum: MACD below the signal line.

Exit Conditions

• Take Profit: 5 to 10 pips.
• Stop Loss: 3 to 5 pips, or below/above the EMA 9 periods.