samedi 4 février 2017

Moving average concept

Dear Friends,

I want simple but more effective afl for the following concept

indicators used

ema 50 (blue ) close

ema 100 (red) close

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buy entry :

when a price candle open,high,low
and close above two moving averages
take a buy in next candle open
price

stoploss will be the ema50 line
or ema100 line which hits earlier

after hitting stoploss, wait for
the entry rule (open,high,low,close
above two moving averages) and
take a buy again with same
ema50 / ema 100 line stoploss


sell entry:

when a price candle open,high,low
and close below two moving averages
take a sell in next candle open
price

stoploss will be the ema50 /ema 100 line

after hitting stoploss, wait for
the entry rule (open,high,low,close
below two moving averages) and
take a sell again with same
ema50 / ema 100 line stoploss

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no trade zone :

if a price candle trades between two moving
average lines, those area treated as no trade
zone

if a price candle touches both moving averages
then it is treated as invalid

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Moving average concept

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