Midnight Scalper

I wanted to see if I could create a simple scalper using OOTB indicator settings.

This is designed for the E/U and Oanda data.

All indicator logic is based on the previous bar data.

Logic
Opening (Entry Signal)
Open a new long position or add to an existing position (limit order) at a Down Fractal when all the following logic conditions are satisfied:

the entry time is between 00:00 (incl.) and 04:00 EST(excl.); and
the Moving Average* (Simple, Close, 14, 0) rises; and
the MACD Histogram* (Exponential, Close, Simple, 26, 12, 9) falls.

Open a new short position or add to an existing position (limit order) at an Up Fractal when all the following logic conditions are satisfied:

the entry time is between 00:00 (incl.) and 04:00 EST(excl.); and
the Moving Average* (Simple, Close, 14, 0) falls; and
the MACD Histogram* (Exponential, Close, Simple, 26, 12, 9) rises.
Closing (Exit Signal)
Close an existing long position at an Up Fractal.

Close an existing short position at a Down Fractal.

If you want to take an earlier profit it is your choice.

Handling of Additional Entry Signals
Entry signal in the direction of the present position:

Add to the position no matter if it is at a profit or loss. Do not exceed 2 lots.
Entry signal in the opposite direction:

No modification of the present position is allowed. Cancel any additional orders which are in the opposite direction.
Download Indikator and template