OPEN-SOURCE SCRIPT
EMA-Based Strategy 9 15
Time frame 5min.
Entry window 9:15AM - 11:00 AM ( indian standard time)
If the 9 EMA is above 15 EMA it's a bullish scenario. The price has to open below the 15 EMA and close above 9 EMA between the entry window to take a long trade on the high of the candle and SL below the candle .
R:R - 1:2
SL range should not be more than 0.15% if it exceeds no trade wait for the next candle which satisfies the criteria.
Reverse scenario for sell. Same conditions with 9 EMA below 15 EMA.
Second trade window period is from 12:15 PM to 1:30 PM ( indian standard time).
Minimum trades zero per day
Maximum trades 2 per day. 1 in each entry window
Entry on the first candle which satisfies the conditions.
Entry window 9:15AM - 11:00 AM ( indian standard time)
If the 9 EMA is above 15 EMA it's a bullish scenario. The price has to open below the 15 EMA and close above 9 EMA between the entry window to take a long trade on the high of the candle and SL below the candle .
R:R - 1:2
SL range should not be more than 0.15% if it exceeds no trade wait for the next candle which satisfies the criteria.
Reverse scenario for sell. Same conditions with 9 EMA below 15 EMA.
Second trade window period is from 12:15 PM to 1:30 PM ( indian standard time).
Minimum trades zero per day
Maximum trades 2 per day. 1 in each entry window
Entry on the first candle which satisfies the conditions.
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