stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

Above below 5ema
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2080
Page 1 of 1
Author:  cfudge [ Wed May 01, 2013 11:33 pm ]
Post subject:  Above below 5ema

The whole idea, using 4hr chart, is that when an entire candle closes above/below the 5ema (meaning entire candle including shadows) and the close is lower than open when above 5ema (down candle) or close is higher than open when below 5ema (up candle), we will consider these candles "Trigger Candles", we want a trade to open in the direction of the 5ema without SL and close the trade after the next candle, or maybe have the option to choose how many candles to wait before closing.

If someone could code an EA to do this it would be appreciated.

This idea comes from the millipede thread from FF by Graeme, for those of you who are fans.

Thanks, Chris
All times are UTC Page 1 of 1