Specification

I would like a trend and pullback strategy for the robot 

timeframe:15 minutes(m15) or 1 hour(h1)

indicators:50 EMA (Exponential Moving Average)/200 EMA/RSI (14)

BUY SET UP

1.Confirm The Trend

.50 EMA must be above 200 EMA

.Price must be above both  EMAs

2.Wait for a pullback

.Do not buy when the price shoots up.

.Wait for the price to come back near the 50 EMA

3.Confirm entry

.ENTER BUY WHEN:

.A bullish candlestick appears

.RSI moves back above 50

Good bullish candles:

.Bullish engulfing

.Hammer

.Strong green candle close

4.Stop Loss

.place stop loss:

.Below recent swing low

.Or 20-30 pips away

5.Take Profit

Use:

.Risk :Reward=1:2 minimum

.Risk =20 pips

.Profit target =40 pips

Sell Setup

.Reverse everything

.50 EMA below 200 EMA

.Price below EMAs

.Wait for pullback upward 

.Enter after bearish candle confirmation

.RSI below 50

6.Risk only 1-2% per trade 

7.Focus on 2 pairs only 

.XAU/USD

.EUR/USD

  

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Project information

Budget
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Deadline
from 1 to 2 day(s)