orb using ema and adx

vsreeram77

Active Member
#1
EMA CROSS OVER TRADING SYSTEM FOR ORB CONCEPT
---------------------------------------------

indicators used :
-----------------------

EMA 3 AND EMA 21

ADX (14)

Time Frame Starting for ORB HIGH-LOW CALCULATION :

9.15 AM

(for commodity user can put any time here..)

Time Frame Closing for ORB HIGH-LOW CALCULATION :

9.30 AM

(for commodity user can put any time here..)


Trade starting : 9.30 AM onwards

(for commodity user can put any time here..)

New Entry stop : 2.45 PM after

(for commodity user can put any time here..)

Trade close by : 3.15 PM

(for commodity user can put any time here..)


buy entry rule :
----------------

ORB High (9.15-9.30) breaks check with moving average ,
if moving average also in uptrend, wait for
adx(14) +di > 30 and take a buy

stoploss is when moving average cross down

or

ORB low

or

lowest low of previous 3 candles

which comes at first.




sell entry rule :
----------------

ORB Low (9.15-9.30) breaks check with moving average ,
if moving average also in downtrend wait for
adx(14) - di > 30 and take a sell

stoploss is when moving average cross up

or

ORB high

or

Highest high of previous 3 candles

which comes at first.

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