Comment on Code your Technical Analysis strategy

thavva commented on 30 Apr 2013, 05:42 PM

Can you provide formula for below strategy.

1. Buy when CLOSE > EMA(HIGH,40) and difference is not more than 2 points.
2. Exit buy position when difference between trading price and EMA(High,40) is more than 5 points
3. Buy again when prices is touching EMA(HIGH,40)
4. Exit the buy position when difference between price and EMA(HIGH,4) is >= points.
5. Close the position when closing price is < EMA(LOW,40) and initiate short.
6. Follow same procedure for shorts to book profits for 5 points and enter again whince price touches EMA(LOW,40).

Find the attached image for reference.

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