Dear Friends,
I want simple but more effective afl for the following concept
indicators used
ema 50 (blue ) close
ema 100 (red) close
--------------
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
-----------------------------------------
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
--------------------------------------------------
I want simple but more effective afl for the following concept
indicators used
ema 50 (blue ) close
ema 100 (red) close
--------------
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
-----------------------------------------
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
--------------------------------------------------
Moving average concept
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