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1 vote

5 EMA reversal trading

Hello Greetings, I am interested in EA of 5 Exponential Moving Average Reversal trade. Its 15 mins or 30 mins time frame. Logic is that 5 EMA is should always touch candle if its not touching 5 EMA then it means price diverting from its mean so we are finding reversal trade. Set up for Buying Current 15/30 mins candle high should not touch 5EMA line – Signal candle High of Signal candle is Entry Low of Signal Candle is Stop Loss Target is 3 times of the SL Next after Signal Candle, if High is not broke then Next candle will be the signal candle if this high is not touched to 5 EMA Set up for Selling Current 15/30 mins candle Low should not touch 5EMA line – Signal candle Low of Signal candle is Entry High of Signal Candle is Stop Loss Target is 3 times of the SL Next after Signal Candle, if Low is not broke then Next candle will be the signal candle if this Low is not touched to 5 EMA Please provide contact details like email so that I can send few snips with Charts for detailed explanations Thank you Vijay Shriyan
Under Review vjy191080 shared this idea

2 Comments

  1. Yes I am keeping 2.5 to 3 times of SL. I am trailing once it’s reach 1:1 so that i can’t loose anything if my trade goes wrong. Logic is Winning probability is 40 to 50 percent, so trying to capture reversal rally and trailing SL.

  2. Is this strategy published anywhere?
    It doesn’t sound difficult but as a reversion there is a strong chance that you are placing tp a long way to the other side of the 5EMA.

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