Long
10 period ema > 20 period ema
20 period ema>50 period ema
50 period ema >200 period ema
If all three conditions are met we have a trend.
If price has been above the 10 day Ema for the last 10 days we have met the second criteria for a trade, otherwise we have no trade.
Point of entry for the trade is when the price re-traces to touch the 10 day ema-i.e price=10 period ema no need to wait for the candle to close.
Trailing stop to exit trade
Value of 10 period ema minus 50% ofATR
Short trade is reverse of strategy for long trade
The Strategy was revised and updated on November 21, 2018.