Entry Criteria
1. RSI below 20 and rising again - YES
2. Candles out of SPICE AGLO red cloud - YES
3. Traffic Light (Red-yellow-green) pattern on MACD bars - YES
3. Heiken Ashi reversal candles - YES
4. MACD cross on 2H - YES
Target duration - 12-15 2H candles
Target profit - 5 - 8%
Exit Criteria
1. RSI above and dropping again
2. Candles out of SPICE AGLO green cloud
3. Red-yellow-green pattern on MACD bars
3. Heiken Ashi reversal candle
4. MACD cross on 2H
Early Exit Criteria )
Trailing stop if candles penetrate upper side of SPICE ALGO green cloud
1. RSI below 20 and rising again - YES
2. Candles out of SPICE AGLO red cloud - YES
3. Traffic Light (Red-yellow-green) pattern on MACD bars - YES
3. Heiken Ashi reversal candles - YES
4. MACD cross on 2H - YES
Target duration - 12-15 2H candles
Target profit - 5 - 8%
Exit Criteria
1. RSI above and dropping again
2. Candles out of SPICE AGLO green cloud
3. Red-yellow-green pattern on MACD bars
3. Heiken Ashi reversal candle
4. MACD cross on 2H
Early Exit Criteria )
Trailing stop if candles penetrate upper side of SPICE ALGO green cloud
Note
Exit 1. should read RSI above 80 and dropping again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.