Ema 5 Day Trade

[Betozenho]

Hello everyone, I would like to extend my gratitude to all of you who contribute to making this community a better place with each post.

I've been trying to create a strategy by combining ideas from various posts, but I've been unsuccessful. My goal is to create a simple strategy that utilizes the EMA 5 and 9 indicators and the MACD indicator.

LONG:
When the price closes above the EMA 5 and the MACD fast length is above the slow, a green "Buy" label will be created. The position should be closed when the price closes below the EMA 9 or if price goes bellow entry candle.

SHORT:
If the price closes below the EMA 5 and the MACD fast length is below the slow, a red "Sell" label will be created. The position should be closed when the price closes above the EMA 9 or price closes above Entry candle.

The risk I want to be a $ amount like 100 per trade, and the stop loss will be low of entry candle.

I want to use this strategy with a macro recorder for auto trade, similar to other popular posts in this community.

Thank you in advance for your help!

 

[halcyonguy]

Hello everyone, I would like to extend my gratitude to all of you who contribute to making this community a better place with each post.

I've been trying to create a strategy by combining ideas from various posts, but I've been unsuccessful. My goal is to create a simple strategy that utilizes the EMA 5 and 9 indicators and the MACD indicator.

LONG:
When the price closes above the EMA 5 and the MACD fast length is above the slow, a green "Buy" label will be created. The position should be closed when the price closes below the EMA 9 or if price goes bellow entry candle.

SHORT:
If the price closes below the EMA 5 and the MACD fast length is below the slow, a red "Sell" label will be created. The position should be closed when the price closes above the EMA 9 or price closes above Entry candle.

The risk I want to be a $ amount like 100 per trade, and the stop loss will be low of entry candle.

I want to use this strategy with a macro recorder for auto trade, similar to other popular posts in this community.

Thank you in advance for your help!

there is no fast plot and slow plot. fast and slow are inputs.
there is a value plot and an average plot. are those what you want to use?


https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/M-N/MACD

 

[Betozenho]

there is no fast plot and slow plot. fast and slow are inputs.
there is a value plot and an average plot. are those what you want to use?


https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/M-N/MACD

Hey Halcyonguy, John, I cannot express enough gratitude for your assistance.
I apologize for not being more clear in my initial post. To clarify, the strategy involves identifying a crossover between the value plot and the average plot as a signal to open a position after the price close over EMA 5.
The Macd it’s only a confirmation. The entry would be the Ema 5.

Thanks again my friend!