fromAsgard
1 posts
msg #152048
- Ignore fromAsgard
modified |
5/4/2020 2:12:43 PM
Hello together,
I'm new here on SF and try to implement a strategy called impulse pullback to screen every day.
Here are my low risk filters for a long trade:
- ideally, when taking a long trade, the medium trend should also be up 18 > 50 > 150 > 200 EMA
- MACD line above signal line (bullish momentum)
- Stochastic(5,3,3) is not above 80 and Price is not hitting upper Bullinger Band
- Bullish Signal from 6/18EMA crossover OR MACD(12,26,9)
and now the difficult part
- Swing High (SF) after bullish signal is followed by pullback (PB) OR inside bar (IB) + a pullback (PB), maximum 2 pullbacks. One IB alone is not reliable
A IP Long trade has the highest probability conditions when,
1. 6 cross above 18 EMA AND
2. MACD crosses above signal line AND
3. Price accross above 50 EMA
Any 2 out of 3 conditions occurring at the same time has a high probability.
Rule for pullbacks: No more than 2 lower lows for a long position, if there is a 3rd lower lows than the setup is invalid
possiblities:
- 1 Inside Bar + 2 Pullbacks
- 1 Inside Bar + 1 Pullback
- 2 Pullbacks + 1 Inside Bar
- 1 Pullback + 1 Inside Bar
here are my first try:
___________
Average volume(30) above 150000
price above 1
close > EMA(50)
close > EMA(150)
close > EMA(200)
EMA(50) > EMA(150)
EMA(150) > EMA(200)
EMA(50) > EMA(150)
EMA(50) > EMA(200)
close > EMA(50)
High is below low 1 day ago
and Low is below low 1 day ago
_____
Any tips and hints how to solve the rest?
Thanks in advance!
just updated!
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