JasonRS
Recruit
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This strategy works best in 5 minutes timeframe so it's named as 5minutes Golden Crossover Strategy
Here EMAs Used - 4,9,18
4 cuts 9 & 18 from above - Sell Entry
4 cuts 9 & 18 from below - Buy Entry
EMAs Sequence must be formed for a valid entry - Always
Adding PIVOTS to Golden Crossover gives the extra confirmation
The best entry will always be the entry with a small stop loss
You can trail the stop loss using EMA18
Word of wisdom - Trail stop loss above pivot when EMA18 is close to the pivot
Here EMAs Used - 4,9,18
4 cuts 9 & 18 from above - Sell Entry
4 cuts 9 & 18 from below - Buy Entry
EMAs Sequence must be formed for a valid entry - Always
Adding PIVOTS to Golden Crossover gives the extra confirmation
The best entry will always be the entry with a small stop loss
You can trail the stop loss using EMA18
Word of wisdom - Trail stop loss above pivot when EMA18 is close to the pivot
- ✓ Entry - 20 sec before the candle closes
- ✓ Exit - 20 sec after the candle opens
Bonus Point -
* When the price is unable to break EMA 9, stay in the trade
* Entry - 15-20 sec before the candle closes
* Exit - 15-20 sec after the candle opens
FAQ’s
1. What is the sequence for the BUY signal in Golden crossover?
➢ Starting from the top 4, 9, 18 should be the sequence for BUY signal in Golden Crossover.
2. What is the sequence for the SELL signal in Golden crossover?
➢ Starting from the bottom 4, 9, 18 should be the sequence for theSELL signal in Golden Crossover.
3. Till when should we hold the trade-in golden crossover?
➢ We should hold the trade until the price closes below 9 EMA
(On a trending day) or 18 EMA in BUY trade and until the price closes above 9 EMA (On a trending day) or 18 EMA in SELL trade.
4. Can we buy at every crossover?- ➢ No, we should always look for the sequence but also look at the
levels as we will never buy close under resistance and never sell
close above a support level. - ➢ This is why including Pivots in this strategy gives us an extra
advantage.
- ➢ No, we should always look for the sequence but also look at the