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.
--------------------------------------------------
---------------------------------------------
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.
--------------------------------------------------