Well it's pretty hard to understand people who quote other people than the ones they should
System is very simple, filtered by other indicators, as follows:
- Timeframe: 30M
- 8 EMA (applied to Close) & 13 EMA (applied to Open)
- Trend lines & Regression channels to help spotting intraday breakouts
Filters:
- 8 %R (levels -80 and -20 visible) over 13 RSI (applied to Open)
- MACD (13, 21, 8)
Signal:
1. EMAs cross
2. MACD goes above or bellow 0 level
3. Spot a break of a trendline or regression chan
Rules of entry:
- Always at the close of the candle.
- For long: candles must be above the 2 EMAs (for short: bellow)
- Entry candle must break or be above/bellow the trendline or regression channel.
- %R must be bellow -20 for long and above -80 for short
- Entry must be placed at maximum 4 MACD bars since MACD turned up or down.
I attached a screenshot from today's signal. This kind of signals are happening everyday.
Good day !
Quote:
Originally Posted by scottyPIPin
I've been keeping an eye on this post since it first started and am still waiting for someone to actually explain the strategy... Anyone going to do so?
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