Scott Barclay's Three Musksteers — Strategy by Midgar-
By Midgar-
Performance Metrics
- Author: Midgar-
- Symbol: NASDAQ:GOOG
- Timeframe: 1 hour
- Net P&L: +1,942.20 USD (+19.42%)
- Win Rate: 56.2%
- Profit Factor: 2.068
- Max Drawdown: 351.06 USD (3.29%)
- Total Trades: 121
Description
Scott Barclay's Three MuskateersScott Barclay's Three Musketeers is a simple multi-condition strategy that looks for agreement between trend, momentum, and price location. The idea is not to predict every move, but to wait for at least 2 out of 3 conditions to align before a trade is considered.This script was built to stay visually clean while still being easy to follow for newer users.How It WorksThe strategy checks three separate signals on every bar:Trend: Uses the relationship between the 50 EMA and 200 EMAMomentum: Uses RSI(14) crossing key levelsLocation / Reversion: Uses price interaction with Bollinger BandsA buy signal appears when at least 2 of the 3 bullish conditions are true.A sell signal appears when at least 2 of the 3 bearish conditions are true.The Three Conditions1. Trend ConditionBullish when the 50 EMA is above the 200 EMABearish when the 50 EMA is below the 200 EMAThis gives the strategy a broad directional filter.2. RSI Reversal ConditionBullish when RSI crosses above 30Bearish when RSI crosses below 70This part looks for a momentum shift rather than a permanent overbought/oversold interpretation.3. Bollinger Band Reaction ConditionBullish when price crosses above the lower Bollinger BandBearish when price crosses below the upper Bollinger BandThis adds a price-location component, helping the script notice when price is reacting from an extreme area.Signal LogicThe strategy counts how many bullish and bearish conditions are active.Bull Count = Trend Bull + RSI Bull + Bollinger BullBear Count = Trend Bear + RSI Bear + Bollinger BearIf Bull Count >= 2, the script treats that as a buy signal.If Bear Count >= 2, the script treats that as a sell signal.This makes the strategy stricter than a single-indicator trigger, while still keeping the logic simple enough to inspect visually.Trade Direction OptionsThe script supports three operating modes:Long - only takes long tradesShort - only takes short tradesBoth - allows both long and short entriesThis makes it easier to adapt the strategy to different markets, user preferences, or testing styles.Chart MarkersOptional BUY and SELL tags can be shown on the chart to help visualize where the raw signal conditions appeared.These are turned off by default so the chart stays less crowded, but they can be enabled in the settings.Trade Signal BoxThe script also includes an optional Trade Signal box.When enabled, it displays a simple color block in the corner of the chart:Green for a buy-side trade eventRed for a sell-side trade eventWhite when neutralA hold-bars setting lets the signal remain visible for a short time after the event, which can be useful for visual review or OCR-based workflows.Bot / Alert SupportThe script includes optional bot-style alert payloads that can send a structured BUY or SELL message when a trade event occurs.This is available for users who want a more automated workflow, but it can also simply be left on the chart as a visual strategy.What This Strategy Tries To DoAt a high level, Scott Barclay's Three Musketeers tries to avoid reacting to only one piece of information. Instead, it asks for at least some agreement between:directional trendmomentum shiftprice interaction with volatility structureThat makes it more selective than a single-indicator system, while still being straightforward enough for manual review.A Few Honest NotesThis strategy does not guarantee profits.It will behave differently across symbols and timeframes.Some markets produce many signals, while others may produce very few.Smooth trending indexes may not trigger often because the conditions need to align on the same bar.Like any strategy, it can perform well in some environments and poorly in others.Best UseThis script may be most useful for:learning how multi-condition strategies behavescreening charts for moments where multiple factors aligncomparing long-only, short-only, and both-direction behaviorbuilding a cleaner workflow around trade-event visibilitySummaryScott Barclay's Three Musketeers is a compact 2-out-of-3 confirmation strategy built from:EMA trend structureRSI momentum shiftsBollinger Band reactionsIt is meant to be simple enough to understand, flexible enough to test, and structured enough to keep one-indicator noise under control.If you use it, it is best treated as a decision-support or testing tool rather than a promise of results.