can you develop a strategy on these terms:
BULL
Condition 1 PRICE> EMA18> EMA50> SMA200
Condition 2 Swing high (SH) is higher than the previous SH
Condition 3 Swing low (SL) higher than previous SL
Condition 4 Price deducted from EMA 18 or 50 [UP]
Condition 5 Bullish Engulfing Candles
Mathematics:
ENTRY = PRICE + 3 pips
SL = ECL - 3 PIPS
TP = (2 x (ENTRY - SL)) + ENTRY
where is:
EC = Engulfing candle
ECH = ENGULFING CANDLE HIGH
ECL = ENGULFING CANDLE LOW
BEAR
Condition 1 PRICE <EMA18 <EMA50 <SMA200
Condition 2 Swing high (SH) is less than the previous SH
Condition 3 Swing low (SL) is less than the previous SL
Condition 4 Price deducted from EMA 18 or 50 [DOWN]
Condition 5 Bearish Engulfing Spark Plug
Mathematics:
ENTRY = PRICE - 3 pips
SL = ECH + 3 PIPS
TP = (2 x (SL - ENTRY)) - ENTRY
where is:
EC = Engulfing candle
ECH = ENGULFING CANDLE HIGH
ECL = ENGULFING CANDLE LOW
Can for TS or MT4, it doesn't matter.
Thank you!
