Specification
🔍 Strategy Logic
📌 Indicators Used
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21 EMA
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RSI (Upper Level: 61, Lower Level: 39 – Customizable)
📈 Buy Side Setup (Long Entry)
Step 1 – Trend Confirmation
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A Green candle must close above 21 EMA.
Step 2 – Pattern Formation
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After the green candle, observe next 4 candles.
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At least one Red candle must form (opposite candle).
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That Red candle must also close above EMA.
Step 3 – Key Level Marking
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Mark the High of the Red candle.
Step 4 – Entry Condition
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If Red candle High breaks within next 3 candles
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AND RSI ≥ 61
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✔ Then: ➔ BUY Trade Execute
Setup Cancellation Rules
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If no Red candle forms ➔ Setup Invalid
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If Red candle closes below EMA ➔ Setup Cancel
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If breakout does not happen within 3 candles ➔ Setup Cancel
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If RSI < 61 ➔ Trade Denied
📉 Sell Side Setup (Short Entry)
Step 1 – Trend Confirmation
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A Red candle must close below 21 EMA.
Step 2 – Pattern Formation
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Observe next 4 candles.
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At least one Green candle must form.
Step 3 – Key Level Marking
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Mark the Low of the Green candle.
Step 4 – Entry Condition
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If Green candle Low breaks within next 3 candles
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AND RSI ≤ 39
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✔ Then: ➔ SELL Trade Execute
Setup Cancellation Rules
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If no Green candle forms ➔ Setup Invalid
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If candle closes above EMA ➔ Setup Cancel
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If breakout not within 3 candles ➔ Setup Cancel
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If RSI > 39 ➔ Trade Denied
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