This is a Trend Following Strategy. The intent of this strategy is to catchthe price as it trends higher than the 20-period EMA and sell immediately after the price closes below it. I have implemented calculations from Stochastic to make sure the price is coming from an oversold area. There is also a check to see if the 20-period EMA is trending higher than before.
Hey thanks for the wonderful strategy. But is it possible to add logic for a short trade? I would love to use this strategy to trade but long and short
DragoLite
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@Rextic, Hello, yes it is possible to have short entries, I will add this option in the next days.