Help setting this in Algowizard
6 replies
GermanMazza
1 year ago #278633
I’ve been trying to set this condition to start a trade:
1- The price should bounce in the 8 EMA
2- The trade should open at the close of a green candle (inside the next 5) that is crossing the maximum level of the price in the last 6 candles
Any help is really appreciated
tomas262
1 year ago #278649
GermanMazza
1 year ago #278669
Signal: Yes, one candle down then the next one above the EMA. (bounce)
Long open at: the first candle to be taller than the last 5, before the red one (check the new attachment please)
I’ve marked the 4th candle in yellow, as it is the tallest of the last five before the red bouncing candle.
Thank you!
tomas262
1 year ago #278705
I see you do not count with candlestick wicks and take only candle body into account, correct?
GermanMazza
1 year ago #278747
For the bounce I consider the wicks, but for the “long open at” I consider the bodies. But I could try with the wicks for everything. I think it does not change so much the strategy
tomas262
1 year ago #278758
Ok, I have tried to setup a very similar system. Check the example attached
GermanMazza
1 year ago #278771
Thank you for that! I’ll be working on it. Now I need to add a filter so it will only operate in very trendy markets. For example In H1 (as a filter): ema 13 > ema 21 + atr 25. Or a parabolic sar.
I’ll upload it when I have something better.
Thank you!!
The original video of this strategy
https://www.youtube.com/watch?v=zhEukjCzXwM&t=363s
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