Topic: Can one program crossing of 3 EMA's?
I have a system I would like to test with the Forex Strategy builder. I am having trouble figuring out how, and if it is actually possible. The system is called "System 500" and works as follows:
Three EMA's with following settings:
Period: 2, Method: Exponential, Apply to: Close, Colour: Blue
Period: 4, Method: Exponential, Apply to: Close, Colour: Black
Period: 6, Method: Exponential, Apply to: Close, Colour: Green
Now entry rules are as follows:
For Long positions:
Blue EMA crosses above the Black EMA and is Above the Green EMA on the 4 H chart.
Now check the same pair on the 1 Day chart with the same EMA settings, and IF the 3 EMA's are lined up the same way as on the 4H chart then ENTER Long at the close of the current candle.
This in short is the basic strategy, for Short positions the indicators will be in reverse positions.
Now I know that one can probably not have the Strategy builder, check two separate time frames before an entry, but is it possible to just program it in the builder with the above entry conditions?
I will greatly appreciate somebody helping me with this please.