A: STRATEGY SETTINGS.
- EMA50.
- CCI PERIOD 14, LEVELS -130/+130.
- MACD DEFAULT SETTINGS.
EMA 50
Exponential Moving average.
Filters Trend of the price action.
A. UPTREND
When the candlesticks are mainly ABOVE EMA50, and EMA50 is INCLINED upwards.
We trade only BUY signals.
B. DOWNTREND
When candlesticks are mainly BELOW EMA50, and EMA50 is INCLINED downwards
We trade only SELL signals.
C. NO TREND
When candlesticks crosses EMA50 and closes above and below EMA50, and EMA50 is a bit horizontal.
We don’t trade, even after receiving signal.
CCI (COMMODITY CHANNEL INDEX)
Settings : Period 14, Level -130/+130
BUY signals are valid ONLY when the CCI is coming UP and crosses -130 Level
SELL signals are valid ONLY when the CCI is going DOWN and crosses +130 Level
MACD
MACD has histograms (BARS) and a LINE.
“The LINE” is specifically called “Signal Line”
“The HISTOGRAMS” are called “MAIN”
The “0.0000 level” of histograms is called BASELINE.
ALL SIGNALS are VALID when they appear while THE LINE is OUTSIDE of the histograms.
SELL signal is VALID when the HISTOGRAMS are RISING (ASCENDING), BUT BELOW BASELINE and the LINE is outside of the HISTOGRAMS
BUY signal is VALID when the HISTOGRAMS are FALLING (DESCENDING), BUT ABOVE BASELINE and the LINE is outside of the HISTOGRAMS
EXAMPLE OF VALID BUY SIGNAL
A. PRICE IS TOUCHING EMA50 FROM ABOVE
B. THE EMA50 IS INCLINED UPWARDS
C. CCI IS “COMING UP” FROM -130 LEVEL
D. MACD HISTOGRAMS ARE ABOVE BASELINE, DECSENDING
E. THE SIGNAL LINE IS OUTSIDE OF MACD HISTOGRAMS.
EXAMPLE OF VALID SELL SIGNAL
A. THE PRICE TOUCHES THE EMA50 FROM BELOW
B. THE EMA50 IS INCLINED DOWNWARDS
C. THE CCI IS “COMING DOWN” FROM +130 LEVEL
D. MACD HISTOGRAMS ARE BELOW BASELINE, ASCENDING
E. THE SIGNAL LINE IS OUTSIDE OF MACD HISTOGRAMS.
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Cci apply to what sir?
MA apply to open / close / weighted close??
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