Overview
This
strategy combines the use of moving averages (ma), relative strength
index (rsi), and moving average convergence divergence (macd) to
identify potential entry and exit points in the market. These
indicators help in assessing trend direction, momentum, and potential
reversal points.
Setup
Indicators
Used
moving
averages (ma):
simple
moving average (sma) or exponential moving average (ema)
periods:
50-period and 200-period
relative
strength index (rsi):
period:
14-period
Time
Frame:15 minute or higher.
Currency
pairs:any
Entry
Rules
Bullish
entry:
the
50-period ma crosses above the 200-period ma (golden cross).
rsi
is above 30 (to avoid entering oversold conditions).
macd
line crosses above the signal line.
Bearish
entry:
the
50-period ma crosses below the 200-period ma (death cross).
rsi
is below 70 (to avoid entering overbought conditions).
macd
line crosses below the signal line.
Exit
Rules
Stop
loss on the previus swing high/low.
Profit
Target ratio stop loss 1:1 -1. 1.15
