Based on video.
https://www.youtube.com/watch?v=zhEukjCzXwM
Long
H1
EMA(8) >EMA(21)
Close > EMA(8)
m5
EMA(13)>EMA(21)
EMA(8) >EMA(13)
Close> EMA(8)
If all conditions are met, we have an uptrend, long positions are allowed.
Trigger bar
looking backward, find the last candle that meets all these conditions
EMA(13)>EMA(21)
EMA(8) >EMA(13)
Close> EMA(8)
Low< EMA(8)
We will look for a Trigger bar only within the current uptrend.
Starting from trigger candle, find the max of last 5 candles
Add 3 pips to that value
Enter long on price/max value crossover
The stop will be 3 pips below the trigger candle low
Profit targets
Risk= Abs(Entry-Stop)
1. TP 1x Risk
Exit 50 %
Move Stop to breakeven
2. TP 2x Risk
Exit 50 %
(option to trail the stop for second 1/2 of position)
if on, the trade will NOT ve closed on TP2 level.
Vice versa for short
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