5 EMA Stratergy

This topic has 3 replies, 2 voices, and was last updated 1 year ago by nitinvijayrane.

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11/13/2022 at 12:39 PM #204066

nitinvijayrane

Hi All,

Need some help with 5 EMA statergy that Im developing. Made some attempts but doesnt yield correct results but i think im quite close.

Short Conditions
1. Timeframe is 5 minutes for short trades
2. Plot 5 EMA on candles.
3. candles which are above 5 EMA (shouldnt even be touching 5 EMA at all. We call these as alert candle.
4. It is perfectly possible to have more than 1 alert candle, in case the next candle becomes alert candle and we ignore the previous ones.
5. Candle which breaks alert candle low, We should take a short.
6. Stop Loss becomes one of the previous alert candles high. This could be last 3,4,5 candles
7. target is going to be 3X of Stop loss.
8. When we reach 80% of target we want to close 75% of position size and trail 25% with last 3 candles low

Long Conditions
1. Timeframe is 15 minutes for Long trades
2. Plot 5 EMA on candles.
3. candles which are below 5 EMA (shouldnt even be touching 5 EMA at all. We call these as alert candles.
4. It is perfectly possible to have more than 1 alert candle, in case the next candle becomes alert candle and we ignore the previous ones.
5. Candle which breaks alert candle High, We should take a short.
6. Stop Loss becomes one of the previous alert candles Low. This could be last 3,4,5 candles
7. target is going to be 3X of Stop loss.
8. When we reach 80% of target we want to close 75% of position size and trail 25% with last 3 candles High

nitinvijayrane

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11/13/2022 at 12:40 PM #204068

nitinvijayrane

5 EMA Short code

//5EMA //05.11.2022 //Nitin DEFPARAM CumulateOrders = False DEFPARAM PreloadBars = 200 PositionSize = 1 //5 minute TF (get the trend of the 5 minute chart) //timeframe(5 minutes,updateonclose) MyEma5 = ExponentialAverage[5] AlertCandleShort = (Low > MyEma5) if AlertCandleShort then if AlertCandleShort and Low < Low[1] then sellshort positionsize contracts at market endif endIf stoplosslong = abs(close-Low[1])-5*pointsize Longtgt = stoplosslong * 3 if longonmarket then set stop loss stoplosslong set target profit Longtgt endif stoplosshort = abs(close-High[1])+5*pointsize Shorttgt = stoplosshort * 3 if shortonmarket then set stop loss stoplosshort set target profit Shorttgt endif

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//5EMA
//05.11.2022
//Nitin

DEFPARAM CumulateOrders = False
DEFPARAM PreloadBars = 200

PositionSize = 1

//5 minute TF (get the trend of the 5 minute chart)
//timeframe(5 minutes,updateonclose)
MyEma5 = ExponentialAverage[5]

AlertCandleShort = (Low > MyEma5)

if AlertCandleShort then
if AlertCandleShort and Low < Low[1] then
sellshort positionsize contracts at market
endif
endIf

stoplosslong = abs(close-Low[1])-5*pointsize
Longtgt = stoplosslong * 3
if longonmarket then
set stop loss stoplosslong
set target profit Longtgt
endif

stoplosshort = abs(close-High[1])+5*pointsize
Shorttgt = stoplosshort * 3
if shortonmarket then
set stop loss stoplosshort
set target profit Shorttgt
endif

nitinvijayrane

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11/15/2022 at 5:11 AM #204187

robertogozzi

There you go:

DEFPARAM CumulateOrders = False
//---------------------------------------------------
// Short Timeframe
//
Timeframe(5mn,UpdateOnClose)
Ema5mn5      = average[5,1](close)
ShortAlert   = low > Ema5mn5
IF ShortAlert THEN
   BreakLow  = low
ENDIF
ShortTrigger = close < BreakLow
IF OnMarket THEN
   ShortAlert   = 0
   BreakLow     = 0
   ShortTrigger = 0
ENDIF
IF ShortTrigger THEN
   SELLSHORT 1 CONTRACT AT Market
   StopPriceS    = highest[3](high)
   TargetSizeS   = (StopPriceS - close) * 3
   TargetPriceS  = close - TargetSizeS
   FirstExitS    = close - (TargetSizeS * 0.8)
   SET STOP   Price StopPriceS
   SET TARGET Price TargetPriceS
   TrailStartS   = 0
ENDIF
IF ShortOnMarket THEN
   IF (close <= FirstExitS) AND (TrailStartS = 0) THEN
      EXITSHORT abs(CountOfPosition) * 0.75 CONTRACTS AT Market
      TrailStartS   = lowest[3](low)
   ENDIF
   IF TrailStartS THEN
      TrailStartS   = lowest[3](low)
      SET STOP Price TrailStartS
   ENDIF
ENDIF
//---------------------------------------------------
// Long  Timeframe
//
Timeframe(15mn,UpdateOnClose)
Ema15mn5     = average[5,1](close)
LongAlert    = high < Ema15mn5
IF LongAlert THEN
   BreakHigh = high
ENDIF
LongTrigger  = close > BreakHigh
IF OnMarket THEN
   LongAlert    = 0
   Breakhigh    = 0
   LongTrigger  = 0
ENDIF
IF LongTrigger  THEN
   BUY 1 CONTRACT AT Market
   StopPriceL    = lowest[3](low)
   TargetSizeL   = (close - StopPriceL) * 3
   TargetPriceL  = close + TargetSizeL
   FirstExitL    = close + (TargetSizeL * 0.8)
   SET STOP   Price StopPriceL
   SET TARGET Price TargetPriceL
   TrailStartL   = 0
ENDIF
IF LongOnMarket THEN
   IF (close >= FirstExitL) AND (TrailStartL = 0) THEN
      SELL abs(CountOfPosition) * 0.75 CONTRACTS AT Market
      TrailStartL   = highest[3](high)
   ENDIF
   IF TrailStartL THEN
      TrailStartL   = highest[3](high)
      SET STOP Price TrailStartL
   ENDIF
ENDIF
//---------------------------------------------------
//IF ShortOnMarket THEN
//GraphOnPrice StopPriceS coloured("Red")
//GraphOnPrice TrailStartS coloured("Blue")
//ELSIF LongOnMarket THEN
//GraphOnPrice StopPriceL coloured("Red")
//GraphOnPrice TrailStartL coloured("Blue")
//ENDIF

DEFPARAM CumulateOrders = False

//---------------------------------------------------

// Short Timeframe

Timeframe(5mn,UpdateOnClose)

Ema5mn5 = average[5,1](close)

ShortAlert = low > Ema5mn5

IF ShortAlert THEN

BreakLow = low

ENDIF

ShortTrigger = close < BreakLow

IF OnMarket THEN

ShortAlert = 0

BreakLow = 0

ShortTrigger = 0

ENDIF

IF ShortTrigger THEN

SELLSHORT 1 CONTRACT AT Market

StopPriceS = highest[3](high)

TargetSizeS = (StopPriceS - close) * 3

TargetPriceS = close - TargetSizeS

FirstExitS = close - (TargetSizeS * 0.8)

SET STOP Price StopPriceS

SET TARGET Price TargetPriceS

TrailStartS = 0

ENDIF

IF ShortOnMarket THEN

IF (close <= FirstExitS) AND (TrailStartS = 0) THEN

EXITSHORT abs(CountOfPosition) * 0.75 CONTRACTS AT Market

TrailStartS = lowest[3](low)

ENDIF

IF TrailStartS THEN

TrailStartS = lowest[3](low)

SET STOP Price TrailStartS

ENDIF

//---------------------------------------------------

// Long Timeframe

Timeframe(15mn,UpdateOnClose)

Ema15mn5 = average[5,1](close)

LongAlert = high < Ema15mn5

IF LongAlert THEN

BreakHigh = high

ENDIF

LongTrigger = close > BreakHigh

IF OnMarket THEN

LongAlert = 0

Breakhigh = 0

LongTrigger = 0

ENDIF

IF LongTrigger THEN

BUY 1 CONTRACT AT Market

StopPriceL = lowest[3](low)

TargetSizeL = (close - StopPriceL) * 3

TargetPriceL = close + TargetSizeL

FirstExitL = close + (TargetSizeL * 0.8)

SET STOP Price StopPriceL

SET TARGET Price TargetPriceL

TrailStartL = 0

ENDIF

IF LongOnMarket THEN

IF (close >= FirstExitL) AND (TrailStartL = 0) THEN

SELL abs(CountOfPosition) * 0.75 CONTRACTS AT Market

TrailStartL = highest[3](high)

ENDIF

IF TrailStartL THEN

TrailStartL = highest[3](high)

SET STOP Price TrailStartL

ENDIF

//---------------------------------------------------

//IF ShortOnMarket THEN

//GraphOnPrice StopPriceS coloured("Red")

//GraphOnPrice TrailStartS coloured("Blue")

//ELSIF LongOnMarket THEN

//GraphOnPrice StopPriceL coloured("Red")

//GraphOnPrice TrailStartL coloured("Blue")

//ENDIF

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nitinvijayrane

robertogozzi

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11/15/2022 at 9:20 AM #204192

nitinvijayrane

Thanks Guys this is really helpful, appreciate your help

nitinvijayrane

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Replies: 2

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