Overview
This strategy combines the use of moving averages (ma), relative strength index (rsi), and moving average convergence divergence (macd) to identify potential entry and exit points in the market. These indicators help in assessing trend direction, momentum, and potential reversal points.
Setup
Indicators Used
moving averages (ma):
simple moving average (sma) or exponential moving average (ema)
periods: 50-period and 200-period
relative strength index (rsi):
period: 14-period
Time Frame:15 minute or higher.
Currency pairs:any
Entry Rules
Bullish entry:
the 50-period ma crosses above the 200-period ma (golden cross).
rsi is above 30 (to avoid entering oversold conditions).
macd line crosses above the signal line.
Bearish entry:
the 50-period ma crosses below the 200-period ma (death cross).
rsi is below 70 (to avoid entering overbought conditions).
macd line crosses below the signal line.
Exit Rules
Stop loss on the previus swing high/low.
Profit Target ratio stop loss 1:1 -1. 1.15
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