Hello everyone 

I hope all is well. 

I have a trading strategy below that i would like to convert into an algo. Any pointers/links and information about this would be really appreciated. 

 

Trading Setup 

-  Trade on daily chart

-  5 EMA applied to close 

-  10 EMA applied to close 

-  Stochastic(10, 3, 3) 

-  RSI (14) 

 

Trading Rules 

- Stop Loss = 30 pips 

- Entry Rules : Enter long if - 5 EMA crosses above 10 EMA and both Stochastic lines are heading up (                                               dont enter is stochastic is already on the overbought level) 

                                      - RSI should be greater Than 50

                  Enter short if - 5 EMA crosses below 10 EMA and both Stochastic lines are heading down                                               (dont enter is stochastic is already on the oversold level) 

                                      -  RSI should be less Than 50

 

- Exit Rules : When the 5 EMA crosses the 10 EMA in the opposite direction of your trade or if RSI crosses back to the 50 level 

 

Thank you for your help in advance