Hi friends ,
We will use 5 day & 30 min candlestick intraday chart with 21 day ema in this strategy ... no other indicators .
rules are ...........
1. for buy call - need 7 or above candle which not touching 21 ema .
2. after 7 or above candle if any candle cross 21 ema from below , we named this candle as CROSS CANDLE .( need to cross not only touch )
3. After " cross candle " formed , in next 3 candles buy above cross candle high with stop of cross candle low .
4. risk -reward 1:2 in every trade .
5 . trade with any future contracts where volumes are good enough .
for sell - need 7 or above candle not touching 21 ema
2. after " cross candle formed , in next 3 candles sell below cross candle low with stop of cross candle high , risk reward 1:2 .
NOTE- traders can trail stoploss at cost to cost after profit of risk -reward 1:1 but exit every trade in double profit , but trialing stoploss not recommended .
can anybody help me out in writing for Metastock code the above strategy
We will use 5 day & 30 min candlestick intraday chart with 21 day ema in this strategy ... no other indicators .
rules are ...........
1. for buy call - need 7 or above candle which not touching 21 ema .
2. after 7 or above candle if any candle cross 21 ema from below , we named this candle as CROSS CANDLE .( need to cross not only touch )
3. After " cross candle " formed , in next 3 candles buy above cross candle high with stop of cross candle low .
4. risk -reward 1:2 in every trade .
5 . trade with any future contracts where volumes are good enough .
for sell - need 7 or above candle not touching 21 ema
2. after " cross candle formed , in next 3 candles sell below cross candle low with stop of cross candle high , risk reward 1:2 .
NOTE- traders can trail stoploss at cost to cost after profit of risk -reward 1:1 but exit every trade in double profit , but trialing stoploss not recommended .
can anybody help me out in writing for Metastock code the above strategy
