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Ema Cross with 3 Filter Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=7716
Forum: 31 · Topic 7716 · 2 post(s)
Ema Cross with 3 Filter Strategy
Apprentice · Mon Oct 31, 2011 9:29 am
Buy when the MA of the Close crosses above the MA of the Open, and vice versa for reversing the position to Short.
3 filters:
1) 20EMA Take only long trades when price is above the 20EMA, short when price below 20EMA.
2) Introduce a Higher High or Lower Low filter Entering long after a signal is given ONLY after the high of the previous candle is taken out, and vice versa.
3) Introduce an ATR or ADX filter Taking trades only when these are above a certain level and increasing {adx [period-1]>adx[period-2] } - thus in theory the market is trending.
ema cross with 3 filters strategy.lua
The Strategy was revised and updated on January 21, 2019.
Re: Ema Cross with 3 Filter Strategy
Apprentice · Tue Dec 19, 2017 8:59 am
The strategy was revised and updated.