APIBridge 4EMA

Strategy Premise
Moving Average (MA) can be an effective indicator. Many traders use Exponential Moving Averages (EMA). A very effective moving average indicator to trade in various markets, EMA gives more weighting or importance to recent price data.

To identify the predominant trend in the market, we use an Exponential Moving Average strategy (EMA Strategy). It can also provide the support and resistance level to execute your trade.


Strategy Logic
 Long Entry: When Closing Price Crossover 21 Days EMA, Send LE

Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and Closing Price Cross Under 21 Days EMA Send LX, SE

Short Entry: When Closing Price Cross Under 21 Days EMA , Send SE

Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and Closing Price Crossover 21 Days EMA Send SX, LE

4 EMA Strategy Parameters for TradingView Charts
1.EMA Length :    EMA lengths, such as 10-day, 50-day, and 200-day moving averages.

2.Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time

3.Alert_Message : Need to copy while creating alert into Message Box

4.Trade Setup : Intraday / Positional (Selecct accordingly)

5.Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1

6.End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply

7.Use Second Session : Check this to use second intraday session

8.Start Time Stop Time (Session 2) : Intraday / Positional start time and end time of trade for session 2

9.End Session 1 : Define time to exit any existing position taken in session 2 so that exchange charges will not apply

10.Use Target : check if you want to set required target if not cheque will not applicable

11.Use StopLoss : Cheque if you want to set stop loss if not cheque will not applicable

12.Trailling Stoploss : Cheque if you want to set trailing stop loss if not cheque will not applicable

13.Point Or Percentage For TG SL : Use Points or Percentage as per your choice

14.Target : Set as per the selection of (Point Or Percentage For TG SL)

15.Stop Loss : Set as per the selection of (Point Or Percentage For TG SL)

16.TSL_Type : Select as per your logic in %/ATR/Points

17.TSL_Input : Set in case you select %/Points in TSL_Type

18.ATR Length : Set as per your logic if you select ATR in the field of TSL_Type

19.ATR_Mult : Set as per your logic if you select ATR in the field of TSL_Type

20.Segment : Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures )

21.Select Expiry Date : Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures )

22.Select Expiry Month : Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures )

23.Year : Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures )

24.Quantity : Enter the quantity in which you want to trade (Used in case of option / Futures )

25.Product Type : Select MIS/Normal/ CNC as per your logic (Used in case of option / Futures )

26.Order Type : Select Market/Limit as per your logic (Used in case of option / Futures )

27.Strategy Tag : Enter the value in case you are using webhook / advance template in APIBridgeTM

28.Lotsize : Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures )

29.STEP (OTM/ATM/ ITM ) : Select OTM(+1)/ATM(0)/ ITM (-1) as per your logic works in case of options only

30.DIFFERENCE_BETWEEN 2 STRIKE : Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100

31.APIB Port : Set as per provided to you by Algoji in case of webhook / advance templet

The Segment full form is given below
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity