Scalping Strategy “Tricolor Wave”

Scalping Strategy “Tricolor Wave” is a simple and elegant trading strategy works well for short timeframes and for volatile (and liquid) currency pairs like EUR/USD and GBP/USD. Despite this strategy being simple in nature, it can be fairly profitable. The “Tricolor Wave” strategy uses a one or five minute chart and three groups of EMA indicators, each with its own color:
Purple group: EMAs with 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 periods.
Red group: EMAs with 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, 41 periods. 
Green group: EMAs with 44, 47, 50, 53, 56, 59, 62, 65, 68, 71, 74 periods.
BUY signal:
The BUY signal arises when one of the following conditions are TRUE: The purple (the fastest) group crosses the green (the slowest) group upward which means that before crossing at least one purple EMA line was below the fastest EMA green line, and after crossing at least one purple line is above the fastest EMA green line. In this case, the strategy waits for the current candle to close, confirms that the crossing(s) took place, and then opens a long position with a certain trailing stop and take profit. 
 The current candle has touched the red or the green group, which means that one or more red or green EMA lines have crossed the current candle upward (in other words, faster EMAs are now above slower ones), and the EMA lines themselves do not cross each other. Then, the strategy waits for the next candle to close and checks that this candle is completely located in the purple zone or above which means it does not touch the red and/or green zone, and the purple group is above the red and the green zones. If the condition is not true, the strategy waits for the next two candles to close and then cancels the signal. Otherwise, after closing the first candle which satisfies the condition, this strategy opens a long position with a certain trailing stop and take profit. 
long position will be closed by take profit or trailing stop, or if a SELL signal occurs.
SELL signal:
The SELL signal arises when one of the following conditions are TRUE:
The purple (the fastest) group crosses the green (the slowest) group downward which means that before crossing at least one purple EMA line was above the fastest EMA green line, and after crossing at least one purple line is below the fastest EMA green line. In this case, the strategy waits for the current candle to close, confirms that the crossing(s) took place, and then opens a long position with a certain trailing stop and take profit.  
 The current candle has touched the red or the green group, which means that one or more red or green EMA lines have crossed the current candle downward (in other words, faster EMAs are now below slower ones), and the EMA lines themselves do not cross each other. Then, the strategy waits for the next candle to close and checks that this candle is completely located in the purple zone
or below which means it does not touch the red and/or green zone, and the purple group is below the red and the green zones. If the condition is not true, the strategy waits for the next two candles to close and then cancels the signal. Otherwise, after closing the first candle which satisfies the condition, this strategy opens a long position with a certain trailing stop and take profit.  
A short position will be closed by take profit or trailing stop, or if a BUY signal occurs.  

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