Tendency EMA + RSI [Alorse]

31 paź 2021

A very simple and highly effective strategy LONG & SHORT that combines only 2 indicators:

• RSI
  
• 3 Moving Average Exponential (EMA)
  

LONG Entry conditions are:

• EMA 20 cross over EMA 10
  
• EMA 10 is above EMA 100
  

LONG Exit conditions are:

• RSI greater than 70
  
• Or when X number of candles have passed and the trade is in profit. (Check Settings)
  

SHORT Entry conditions are:

• EMA 20 cross under EMA 10
  
• EMA 10 is below EMA 100
  

SHORT Exit conditions are:

• RSI is less than 30
  
• Or when X number of candles have passed and the trade is in profit. (Check Settings)