Elite MTF EMA Reclaim Strategy by sledgeproduuctions
By sledgeproduuctions
Performance Metrics
- Author: sledgeproduuctions
- Symbol: OANDA:XAUUSD
- Timeframe: 6 minutes
- Net P&L: +54.15 USD (+0.55%)
- Win Rate: 57.1%
- Profit Factor: 1.194
- Max Drawdown: 533.29 USD (5.15%)
- Total Trades: 35
Description
This script is a 6-minute execution MTF EMA “retest → reclaim” strategy. It looks for trend-aligned pullbacks into fast EMAs, then enters when price reclaims and (optionally) retests the reclaim level—while filtering out chop (low trend strength/volatility or recent EMA20/50 crosses) and enforcing higher-timeframe alignment (Daily + 1H, or whichever you select).How to useRun it on a 6-minute chart (that’s what the presets are tuned for).Pick your Market (Forex / XAUUSD / Crypto / Indices) and a Preset:Elite = strictest, cleanest (fewer signals)Balanced = middle groundAggressive = most signals, loosest filtersSet HTF Alignment Mode:D + H1 (recommended) for highest qualityOff if you want more trades / LTF-only testingLeave Kill Chop = ON (recommended). If you’re not getting trades, this is usually the blocker.Choose entry behavior:If Require Retest = true, entries happen on the retest after reclaim (cleaner, later).If Require Retest = false, entries trigger on reclaim using Reclaim Timing Default:“Preset” uses the strategy’s recommended default per market/presetor force Reclaim close / Next bar confirmationFor backtesting, keep Mode = Strategy (Backtest). For alerts/visual-only, set Mode = Indicator (Signals Only).Use Show Signals (All Modes) to toggle triangles on/off without affecting trades.Tip: If TradingView says “not enough data,” switch symbol history to “All,” reduce HTF alignment (try H1 only), or backtest a more recent date range.