Price: $29.00
The strategy uses a 50-period exponential moving average (EMA) as a filter to identify breakout points, which are moments when the price surpasses the moving average.
The user can set take profit (TP) and stop loss (SL) levels for risk management.
Description
The strategy goes long when the price exceeds the exponential moving average and a bullish crossover occurs, and it goes short when the price drops below the moving average and a bearish crossover occurs.
When the strategy has an open position, it constantly monitors the price to identify exit points.
The strategy closes with TP if the price reaches the take profit level, while it closes with SL if the price reaches the stop loss level.
In summary, this is a breakout strategy that uses a 50-period exponential moving average as a filter and TP and SL for risk management.
The strategy enters long or short positions when a crossover
occurs and closes the position with TP or SL.
I recommend testing it and having fun modifying it to make it even more effective.
