168# Nasdaq Scalping
Ema momentum strategy
Trend Momentum Strategy
Author the Bigger Bull submit by Dimtry
Nasdaq and Dow Scalping is a strategy made for Tradingview platform with custom indicators.
The author claims that it has excellent profitability and the same can improve with some of his advice to adopt with support and resistance levels as filters.
I have tested the strategy and it seems to confirm what the author said about the profitability of the 5 minute time frame strategy on Nasdaq and dow with good results also with backtesting.
The script is totally based on momentum
, volume and price. We have used :
1: Bollinger BandSqueezes to know when a breakout might happen.
2: Used Moving Averages(SMA and EMA) to know the direction.
3: The success Rate of this strategy is above 75% and if little price action is added it can easily surpass 90% success mark.
4: Do not worry about drawdowns , we have implemented trailing SL ,so you might see a little extra drawdown but in reality its pretty less.
5: I myself have tested this strategy for 41 days with a 250$ account and right now I have 2700$.
Tips for increases profits
Few minor value changes to increase profits , % of profitable trades and reduce drawdown.
PS(Important) : 1 : Use this strategy on any index chart like DOW , NASDAQ , NIFTY50 etc but the best returns are when you use it on 5 minutes chart.
2 : Combine it with support resistance trend lines and results are mind boggling.