First off thank you to all those posting absolutely phenomenal content on here. As I sit here trying to understand more on coding by reverse engineering some existing scripts I haven't been able to get my 52 year old brain around the custom indicators used for this versus straight ema's
I have a strategy I am trying to do some more solid automated back-testing than going back manually to see results. I am using a 5 minute chart for entry and exit. Potentially might switch to lower timeframe for trade management if back testing shows benefits
Rules for entry long
1. Most recent signal in PM is buy signal from UT bot
2. 8 ema is above 21 ema
3. 2 or more HA candles showing bullish pattern or green
Ultimately automate the trade
1. If all criteria's are met enter long 2 ITM 0DTE calls with greater than delta $.40 contracts
2. Sell 1 contract on close below 8 ema
3. Sell 1 contract on close below 21 ema
Rules for short long
1. Most recent signal in PM is sell signal from UT bot
2. 8 ema is below 21 ema
3. 2 or more HA candles showing bearish pattern or red
Ultimately automate the trade
1. If all criteria's are met enter long 2 ITM 0DTE calls with greater than delta $.40 contracts
2. Sell 1 contract on close above 8 ema
3. Sell 1 contract on close above 21 ema
Any assistance is absolutely appreciated and if a link to my set up would help please let me know.
Link for buy/sell UT Bot indicator
https://tos.mx/fJxYvVp
Moving_avg_cross by Chemmy indicator
https://tos.mx/5vk8syX
5 min chart set up
1 - min ema as white dot
8 - ema light blue line
21 - ema white line
Hull - 10 on close
HARSI
Chart link
https://tos.mx/zjkAWLO
I have a strategy I am trying to do some more solid automated back-testing than going back manually to see results. I am using a 5 minute chart for entry and exit. Potentially might switch to lower timeframe for trade management if back testing shows benefits
Rules for entry long
1. Most recent signal in PM is buy signal from UT bot
2. 8 ema is above 21 ema
3. 2 or more HA candles showing bullish pattern or green
Ultimately automate the trade
1. If all criteria's are met enter long 2 ITM 0DTE calls with greater than delta $.40 contracts
2. Sell 1 contract on close below 8 ema
3. Sell 1 contract on close below 21 ema
Rules for short long
1. Most recent signal in PM is sell signal from UT bot
2. 8 ema is below 21 ema
3. 2 or more HA candles showing bearish pattern or red
Ultimately automate the trade
1. If all criteria's are met enter long 2 ITM 0DTE calls with greater than delta $.40 contracts
2. Sell 1 contract on close above 8 ema
3. Sell 1 contract on close above 21 ema
Any assistance is absolutely appreciated and if a link to my set up would help please let me know.
Link for buy/sell UT Bot indicator
https://tos.mx/fJxYvVp
Moving_avg_cross by Chemmy indicator
https://tos.mx/5vk8syX
5 min chart set up
1 - min ema as white dot
8 - ema light blue line
21 - ema white line
Hull - 10 on close
HARSI
Chart link
https://tos.mx/zjkAWLO
