4 EMA Algo Strategy AZT
Strategy Premise
A moving average can be a very effective indicator. Many traders use exponential moving averages, an effective type of moving average indicator, to trade in a variety of markets.
An exponential moving average strategy, or EMA strategy, is used to identify the predominant trend in the market. It can also provide the support and resistance level to execute your trade.
Strategy Logic
Long Entry: When Closing Price Crossover 21 Days EMA, Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and Closing Price Cross Under 21 Days EMA Send LX, SE
Short Entry: When Closing Price Cross Under 21 Days EMA , Send SEShort Exit: Either when SL or Target is hit. If SL/TGT is not hit and Closing Price Crossover 21 Days EMA Send SX, LE
4 EMA Strategy Parameters for TradingView Charts
EMA Length : EMA lengths, such as 10-day, 50-day, and 200-day moving averages.
Intraday Trade Session: Entry Trade Will be Taken only in this session.
EXIT Session: Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.
A moving average can be a very effective indicator. Many traders use exponential moving averages, an effective type of moving average indicator, to trade in a variety of markets.
An exponential moving average strategy, or EMA strategy, is used to identify the predominant trend in the market. It can also provide the support and resistance level to execute your trade.
Strategy Logic
Long Entry: When Closing Price Crossover 21 Days EMA, Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and Closing Price Cross Under 21 Days EMA Send LX, SE
Short Entry: When Closing Price Cross Under 21 Days EMA , Send SEShort Exit: Either when SL or Target is hit. If SL/TGT is not hit and Closing Price Crossover 21 Days EMA Send SX, LE
4 EMA Strategy Parameters for TradingView Charts
EMA Length : EMA lengths, such as 10-day, 50-day, and 200-day moving averages.
Intraday Trade Session: Entry Trade Will be Taken only in this session.
EXIT Session: Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.