EMA + Fibonacci Pivot Break Strategy by gautamsaluja3707
By gautamsaluja3707
Performance Metrics
- Author: gautamsaluja3707
Description
It supports both long and short entries.Entry: A single bullish candle must open at or below both the EMA and selected long pivot, then close above both. Shorts use the inverse conditions: a bearish candle opens at or above both levels and closes below both.Pivots: Fibonacci pivots are the default, using the previous completed pivot period. You can switch to Traditional pivots, choose the pivot timeframe, and select breakout levels; defaults are R1 for longs and S1 for shorts.Risk: Default stop is the signal candle’s low/high, with an optional tick buffer. Alternatively, use an ATR-based stop. The take-profit defaults to 2R and is adjustable.Time filter: Optional and off by default. When enabled, it uses the chosen session and timezone; the default timezone is UTC.Execution: The strategy is configured to enter on the signal candle’s close. The prior-period pivot calculation avoids using unfinished higher-timeframe candles.