by chai88888 » Wed Sep 09, 2020 1:41 am
the strategy is haywire
ema is just a filter for buy or long position. buy above ema the red whole body candle should not be touching the ema
Buy : Price is above the EMA, you place a buy stop order highest high the RED candle. Stop is is lowest low of the candle. now if the order is not hit and another RED candle appear cancel the previous order and make a new order on the newest RED candle. limit is the size of the candle.
Sell : Price is below the EMA, you place a sell stop order lowest low of the GREEN candle. Stop is is highest high of the candle. now if the order is not hit and another GREEN candle appear cancel the previous order and make a new order on the newest GREEN candle. limit is the size of the candle.