5 Minutes Golden Crossover

[JasonRS]

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

• ✓ 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.

 

[Theniarhea]

Seems like a good strategy, have you bactested it just yet though?

 

[JasonRS]

Seems like a good strategy, have you bactested it just yet though?

Yes. done multiple times

 

[roshienaotadoy]

Indicators are usually laggy, I'll advise you to learn how to trade price action itself.

 

[FriendlyFX]

Interesting how long have you been using this strategy