OPEN-SOURCE SCRIPT
20 EMA Daytrading Strategy
20 EMA Daytrading Strategy
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
SELL
Stop loss at ATR + 5
Take Profit at 1.3R
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
- When a green candle crosses above 20 EMA
- Followed by another green candle which closes above the previous candle high
SELL
- When a red candle crosses below 20 EMA
- Followed by another red candle which closes below the previous candle low
Stop loss at ATR + 5
Take Profit at 1.3R
Open-source script
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