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Crossover strategy: Enter when candle close aligns with trade direction

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IvanD1983

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6 years ago #117026

Hi, 

 

I am building a strategy based on the crossover of 2 MAs. However, if long, I only want to enter if the candle that confirms the crossover, is bullish for longs, or bearish for shorts. Sometimes, it happens that the crossover for longs is confirmed on a bearish candle. If that’s the case, I want to wait for the next candle to print bullish to enter, assuming rest of conditions still align. 

 

Thanks in advance. 

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tomas262

Administrator, sq-ultimate, 2 replies.

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6 years ago #143349

Hello,

 

ok, do you need to know how to wait for next bullish bar then?

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IvanD1983

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6 years ago #143366

Yes, even if all conditions met, but candle that confirms xover of MAs against trade direction, I must wait for a bearish candle if short or bullish candle if long.

 

See image 1 for example. 

File: 1.png1.png

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tomas262

Administrator, sq-ultimate, 2 replies.

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6 years ago #143447

Hello,

 

I have made an example with “long logic”. Check the file attached.

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IvanD1983

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6 years ago #143457

Thanks.

 

I will look to implement today and let u know how it goes. 

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