Hi all
I am new to using amibroker and trading also.
I was just playing with EMA's and plotted them on 5 minute chart as shown.
I am using EMA of HIGH and LOW price for 20 and 50 period.
Conditions are :
Bullish view
1 . EMA-20 crosses over EMA-50 (Both High and Low at the same time)
2. Once the crossover has happened I need to check ADX(14) and it should cross 20 from below.
Here I will go Long
Exit will be when ADX(14) crosses 40 from above
Bearish View
1 . EMA-20 crosses below EMA-50 (Both High and Low at the same time)
2. Once the crossover has happened I need to check ADX(14) and it should cross 20 from below.
Here I will take short Entry.
Exit will be when ADX(14) crosses 40 from above
These are just my views and the experienced people please correct me where I am making mistakes so that I can clear my basics
Please help so that newcomers like me can also learn
Thanks in advance
I am new to using amibroker and trading also.
I was just playing with EMA's and plotted them on 5 minute chart as shown.
I am using EMA of HIGH and LOW price for 20 and 50 period.
Conditions are :
Bullish view
1 . EMA-20 crosses over EMA-50 (Both High and Low at the same time)
2. Once the crossover has happened I need to check ADX(14) and it should cross 20 from below.
Here I will go Long
Exit will be when ADX(14) crosses 40 from above
Bearish View
1 . EMA-20 crosses below EMA-50 (Both High and Low at the same time)
2. Once the crossover has happened I need to check ADX(14) and it should cross 20 from below.
Here I will take short Entry.
Exit will be when ADX(14) crosses 40 from above
These are just my views and the experienced people please correct me where I am making mistakes so that I can clear my basics
Please help so that newcomers like me can also learn
Thanks in advance
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