Designed using F for long positions, this strategy operates on a 15-minute timeframe and is tested over 7,000 candles. It uses multiple exponential moving averages to identify changes in short and long-term trends, signaled by the crossover of these EMAs. As it’s developed for a stock in the Automobile industry, this strategy may also work for similar stocks in the Consumer Cyclical sector.
Entry Conditions
All of the following: # "Sierra"
15min GMMA (3, 5, 8, 10, 12, 15, 30, 35, 40, 45, 50, 60, sma, close, 0), Fast 1 Crosses ↗ 15min GMMA (3, 5, 8, 10, 12, 15, 30, 35, 40, 45, 50, 60, sma, close, 0), Slow 1
Exit Conditions
All of the following: # "Charlie"
15min GMMA (3, 5, 8, 10, 12, 15, 30, 35, 40, 45, 50, 60, sma, close, 0), Fast 1 Crosses ↘ 15min GMMA (3, 5, 8, 10, 12, 15, 30, 35, 40, 45, 50, 60, sma, close, 0), Fast 2
| Stop Loss | Exit if lost more than 1.5%. |
|---|---|
| Take Profit | Exit if gained more than 5%. |
| Trailing Stop | Trailing stop at 3.5%. |