I made my first trade with this system! Would love to hear whether I have the correct chart setup and whether this was a correct entry.
I observed that the 8EMA low was below the 34EMA. A green candle was formed and after that a red candle was formed. I sold on the opening of the next red bar with -20 ticks stoploss and 25 ticks take profit. Moved stoploss to -13 ticks after the second closed candle after my entry and moved it to +2 ticks after being up +12 ticks. Finally I took profit at 25 ticks:
The trade is visible at the right on the chart.
I observed that the 8EMA low was below the 34EMA. A green candle was formed and after that a red candle was formed. I sold on the opening of the next red bar with -20 ticks stoploss and 25 ticks take profit. Moved stoploss to -13 ticks after the second closed candle after my entry and moved it to +2 ticks after being up +12 ticks. Finally I took profit at 25 ticks:
The trade is visible at the right on the chart.
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