Hi JD - Its kind of complicated, but this is how it goes. 1. Long trade: a. Trigger: i. The price crosses the 15 day EMA from below. ii. The 15 day EMA is above the 30 day EMA. iii. The 30 day EMA is above the 60 day EMA. b. Confirmation: i. The price, at 16:30, is higher than the previous day's close. c. Conditions: i. If the next day the price is above its 15 day EMA but below the previous day's close, the trigger is still active. Wait for the price to be above its previous day's close at 16h30. ii. If the price moved below its 15 day EMA, the trigger is cancelled. iii. If the 30 day EMA is higher than the 60 day EMA, the primary direction is bullish. d. Stop loss and exit: i. Until you reach breakeven, use a 20% trailing stop. ii. Thereafter, a lower low signals your exit. 2. Short trade: a. Trigger: i. The price crosses the 15 day EMA from above. ii. The 15 day EMA is below the 30 day EMA. iii. The 30 day EMA is below the 60 day EMA. b. Confirmation: The price, at 16:30, is lower than the previous day's close. c. Conditions: i. If the next day the price is below its 15 day EMA but above the previous day's close, the trigger is still active. Wait for the price to be below its previous day's close at 16:30 the following day. ii. If the price moved above its 15 day EMA, the trigger is cancelled. iii. If the 30 day EMA is lower than the 60 day EMA, the primary trend is bearish. d. Stop loss and exit: i. Until you reach breakeven, use a 20% trailing stop. ii. Thereafter, a higher high signals your exit.
