All of them could work!
In my case I woudl firstly look for the pattern in the graphs, check if it really works and then code it!
If there were a 100% sure answer to this question, trading would be solved. What you add depends on the asset, the regime, and how well it works based on historical data.
David Chidiebere Chinweike #:
During the point when i want to defined the regime using an indicator. Before i defined signal entry i also take not of the active market regime.
During the point when i want to defined the regime using an indicator. Before i defined signal entry i also take not of the active market regime.
Try adding the RSI indicator to your strategy─to confirm downward retracements to your EMA with the 30 level of the RSI, and upward retracements to your EMA with the 70 level of the RSI.
If you don't get enough confirmations (RSI can be rather slow), try using a Stochastic RSI indicator instead.
The idea is to add in some momentum/OBOS analysis.
the time and money management
David Chidiebere Chinweike:
I have found the RSI (with strict settings) to be the best for early and more 'sniper' entries. But overall, I would say try your best to incorporate all, and see which of them give you the most value, and get rid of the rest.
When converting a simple EMA pullback idea into an EA, what confirmation would you add?
Candle pattern, RSI, market structure, or volume?
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When converting a simple EMA pullback idea into an EA, what confirmation would you add?
Candle pattern, RSI, market structure, or volume?