AFL for intraday trading.
hi im new to this forum. can anyone kindly help me to develop an AFL for the below mentioned condition :
AFL for intraday trading.
I want to buy or sell 3 lots of 50 quantity
Buy when EMA (Close, 7) > EMA(Close, 21)
If bought
{
Then sell
1. one lot when Current price is 0.33% more than Buying Price.
2. One lot when Current price is 0.5% more than Buying Price.
3. and balance or full quantity when EMA (Close, 3) < EMA(Close, 7).
}
Sell when EMA (Close, 7) < EMA(Close, 21)
If sold
{
Then cover
4. one lot when Current price is 0.33% lower than Buying Price.
5. One lot when Current price is 0.5% lower than Buying Price.
6. and balance or full quantity when EMA (Close, 3) > EMA(Close, 7).
}
Plot Buy / Sell arrow on the graph. And I want to do back testing using this.
Best Regards
Umesh
