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Cowabunga strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=24415
Forum: 31 · Topic 24415 · 3 post(s)
Cowabunga strategy
Apprentice · Sun Oct 14, 2012 6:06 am
Long: ( m15 )
- EMA(5) must cross the EMA(5).
- RSI > 50
- Stoch needs to be heading upwards, but cannot be in the overbought limits.
- MACD has to be heading upwards, but has to be in the negative.
Short ( m15 )
- EMA(5) must cross the m15 EMA(10).
- RSI < 50
- Stoch must be going down and not in the oversold area.
- MACD must be going down but has to be in the positive.
All indications, they must be in the direction of trend, set by H4 EMA (10)
Exit Stop 20 pips
Profit Target Exit 30 pips
The Strategy was revised and updated on December 10, 2018.
Re: Cowabunga strategy
Apprentice · Wed Dec 07, 2016 4:17 pm
Strategy has been revised and updated.
Re: Cowabunga strategy
spinemaligna · Mon Sep 07, 2020 9:37 am
Hi there, Is it possible to amend the strategy so that the trend is identified by the H4 RSI being above 50 for bullish and below 50 for bearish. That is much closer to the original on Baby Pips.
Thanks
Ross