rangelimit_Ema signal EPS

24 February 2023, 10:35
Trinh Minh Tung
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The goal is to create a gap for the price to continue running before meeting the nearest EMA resistance line

  • If you want to filter the last price line to be large enough to move breakeven when the price touches TP0, then you set rangelimit_Ema >=RRTP0 .

  • If you want TP/TP1 to be large enough before the nearest filter, but not TP0 (because you're not using TP0 for example), then set rangelimit_Ema >= RRTP/RRTP1 .

Apply filter rangelimit_Ema  to EMAs with setting > 0 ( mafast/maslow)

  • If it is an EPS sell signal:

+ Consider the EMAs :  EMA price < close price of the EPS candle. (The price EMAs that are higher than the close of the EPS candle will not be considered because they do not prevent the price from going further with the EPS signal.)

+ Condition :   entry price according to EPS - EMA price >= rangelimit_Ema* number of pips SL according to EPS signal.

  • If it is an EPS buy signal :

+ Consider the EMAs :  EMA price > close price of the EPS candle. (EMAs lower than the close of the EPS candle will not be considered because it does not prevent the price from moving forward with the EPS signal)

+ Condition: EMA price - entry  price according to EPS >= rangelimit_Ema* number of pips SL according to EPS signal.

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