GemScope Signals

## 📊 GemScope Signals – Strategy Summary

This is an **automated trading strategy (Pine Script v5)** designed to trade market trends using a **custom GemScope oscillator**, **EMA trend filter**, **risk control**, and **multi-level take profit system**.

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### 🔹 Trading Modes

* **Long Only**
* **Short Only**
* **Both Long & Short**

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### 🔹 Entry Logic

**Long Trades**

* No active long position
* Entry allowed (not in cool-down after stop loss)
* GemScope shows **bullish trend (bull > bear)**
* If EMA filter is enabled: **price must be above EMA 200**

**Short Trades**

* No active short position
* Entry allowed
* GemScope gives **bearish signal (bull < bear)**

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### 🔹 Exit Logic

* Positions close on **opposite GemScope signals**
* Short positions also close when:

* EMA filter is enabled
* Price moves above EMA
* Trend turns bullish

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### 🔹 Stop Loss System

* **Percentage-based stop loss** for both long and short trades
* After a stop loss:

* New entries are blocked
* Trading resumes only after a fixed number of candles (cool-down)

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### 🔹 Take Profit System (Partial Exits)

* Up to **three take-profit levels (TP1, TP2, TP3)**
* Each TP has:

* Independent price distance (%)
* Independent position size to close (%)
* Helps lock profits gradually while keeping runners open

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### 🔹 Trend & Visuals

* Candles turn **green in bullish trend** and **red in bearish trend**
* **EMA 200** is plotted for trend confirmation
* Chart signals:

* **“G”** → Long signal
* **“S”** → Short signal

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### 🔹 Risk & Money Management

* Uses **100% of account equity per trade**
* **No pyramiding** (one trade at a time)
* Built-in protection against over-trading after losses

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### 🔹 Overall Purpose

The strategy aims to:

* Trade only in **confirmed trends**
* Reduce false entries using EMA filtering
* Protect capital with stop loss and cool-down
* Maximize profits using **structured partial exits**