This is trend following strategy ... when price is trading well above 200 ema and forms a triangle (based on number of bars defined)
BUY ==== when fast ema > 200 ema check for triangle of last N bars (default set to 9)
EXIT ====== when fast ema crosses down middle term ema
if price reaches above 5% of buy , it changes the color to purple. You can close any time or wait for above signal.
STOP LOSS ======= stop loss default value set to 5%
Note: No triangle shown on the chart. I will find out how to add the lines to the chart.
Warning ========= For the use of educational purposes only
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I have added Triangle drawings to the chart.
Also I have noticed that when position is taken LONG, mostly price reaches the half of the height of the Triangle. You can lock profits there or raise the stop loss ....
if the price goes south (downwards) half of the height of the triangle , you can wind up the position rather than waiting for defined 5% loss
hi sir, it is great strategy ,Do you have multichart ,power language version
yuexinnuo161025
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hello Sir, I put this strategy on BTC 1 hour chart, the backtest result is too good to be true,,I wonder does this indicator repaint? like does it remove the failed signals automaticly?
Strategy always takes the position after the signal generated bar close. for example if long condition satisfied at 10:00 am on hourly chart , that bar closes at 10:30 am. SO strategy will trigger the position at next bar which starts at 10:31am. So strategy will not repaint ... Hope this clariifes your question ...