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.
Moving Averages

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