Comment on algoZ- a simple example

KANWAL commented on 22 Dec 2014, 09:50 PM

Sir, Do u have a strategy when these conditions are met.
TIME FRAME 15 MIN
FOR BUY
1) RSI (9), rsi value should be between 10 to 60
2) RSI (14) and ema (6) crossover value less than 50
3) price crosses above Bands- BBTOP, BBBOT ( value= 20, 0.22 )
4) SMA(50)= price should be above this.
5) SL should be 1.2% and target price should be 0.75%

FOR SELL==
1) RSI (9) value between 40-90
2) RSI (14) and ema(6) crossover value greater than 50
3) price crosses below bands ( band value= 20, 0.22)
4) SMA(50) – price should be below this
5) SL 1.2% from entry and target 0.75% from entry

regards

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