âšī¸Leverage Alerts Explained
This is the schematic explanation of what each point in the automated alert means. Remember this apply for the 15 minute Long Scalp Strategy only.
âŗ Entry Alert
Momentum:
đĸ: This means momentum is < 38.2 and printed a tick white. (Main entry condition for the strategy)
PMARP:
đĸ: Meaning PMARP < 40 at the time of the entry signal. (Optimization condition met)
đ´: Red Circle: Meaning PMARP > 40 at the time of the entry. (Optimization condition not met, we dont take the trade)
21/55 EMA:
đĸ: Meaning price is on an uptrend on the 6H timeframe. One of the optimizations is to only play this strat during uptrends.
đ : Meaning price is on a downtrend on the 6H timeframe. You can still play the strat during this times but hitrate is not as good. Up to you to take that decision.
BBWP:
đĸ: Meaning BBWP < 35%. This parameter is optional to play the strat, but usually the lower the BBWP (volatility) the better. This is because low volatility or contracted volatility (sideways or consolidation) is usually followed by expansion (trending move). We want to catch as much movement as possible so that is why we can take this into account.
đ : Meaning BBWP > 35%. Expansion phase already started but remember that this does not always mean that the strategy will not work, it is an addition to be taken into account.
đ´: Meaning BBWP already expanded, probably going into contraction phase or move is not going to be as big as we want.
Range high / Range low:
Refers to the distance to the nearest horizontal levels of support and resistance. Remember that these are used for our risk management conditions, specially range lows. You can use range high as a guideline for the Take Profit area.
Calc. exit:
Is an estimation or prediction using an indicator that we call Reverse PMARP. Refers to the approximate price the PMARP is going to be > 77 (main TP condition).
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TP Alert
There is not much interpretation for this alert. It simply notifies that the exit condition has already been met.
This happens when a 15-minute period closes with PMARP > 77.