GG ES Scalp IBTT Momentum Strategy v1.0

Script for Scalping the ES. Apply it to a 15 second chart. The Momentum Multiplier is a float input and the lower the number the less conservative the strategy is. It doesn't fire signals everyday but its pretty accurate. Send me a message to get access.

Release Notes

GG ES Scalp IBTT Momentum Rules and Chart Setup

-15second chart
-no special charts (only bar or regular candles)
-only tested on ES with default parameters
-trades only 0830-1100 and 1300-1500 (you can change it in settings)(use format 0800-1500 for no break in between) (those times are where the exchange for the symbol is for ES it is central time)

Basic strategy is when it fires a signal enter a stop order in the direction of the signal one tick above/below the previous bar. In this example it fired a signal (arrow A) so we put a stop order to short one tick below previous bar (arrow B). Notice how it didnt get filled until 3 bars later (arrow C). The rule is if it doesnt get filled in 20 bars (20 x 15sec bars = 5 min) then you disregard the signal and remove your stop entry order.

Exits:
stoploss = 6 ticks
first target = 4 ticks
second target = 6 tick trail
move stoploss to breakeven at 6 ticks positive move

use 2 contracts(or more) and first exit is 4 ticks from entry and second exit is trailed with 6 ticks and move stop to breakeven at 6 ticks and let the trailed contracts go until stopped out

Release Notes

Testing update and changed overlay to true

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact gggnetworks directly.

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Author's instructions

Send me a message and your trading view username or email to gggnetworks@gmail.com

Warning: please read our guide for invite-only scripts before requesting access.

gggnetworks

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