• Registered: 2016-10-15
  • Posts: 123

Topic: EMA crossover and slight retracement

Hi,
Plz i need help with this,

I am working on a strategy that says:

1) EMA 12 cross EMA 21
2) candlestick is above EMA12
3) then wait until any new candle (within maximum 5 bars) to retrace and touch (Low touch) the EMA12
4) buy order

Plz anyone can help?
How to define that within the last 5 candlestick, if the EMA crossed, and if Low(0) touched <= EMa(12)---send buy order?
Very frustrating!!

  • footon
  • footon
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  • Registered: 2009-08-17
  • Posts: 2,969

Re: EMA crossover and slight retracement

I would use something along these lines.

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  • Registered: 2016-10-15
  • Posts: 123

Re: EMA crossover and slight retracement

HIGHLY appreciate it
MANY THANKS!

  • Registered: 2016-10-15
  • Posts: 123

Re: EMA crossover and slight retracement

Dear,
please can i ask you to explain why you made "signal repeat=5" in the moving average crossover?

thank you,

  • footon
  • footon
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  • Registered: 2009-08-17
  • Posts: 2,969

Re: EMA crossover and slight retracement

That's for "within the last 5 candlestick" part. It's quite discretionary strategy, these are hard to automate.