MTF EMA Hariss 369

The strategy has been prepared in a simplistic manner and easy to understand the concept by any novice trader.

Indicators used:
Current Time frame 20 EMA- Gives clear look about current time frame dynamic support and resistance and trend as well.

Higher Time Frame 20 EMA: Gives macro level trend, support and resistance

Kama: Capture volatility and trend direction.

RVOL: Main factor of price movement.

Buy when price closes above current time frame 20 ema and current time frame 20 ema is above higher time frame 20 ema. Stop loss just below the low of last candle. One can use current time frame 20 ema, higher time frame 20 ema or kama as stop loss depending upon type of asset class and risk appetite. The ideal way is to keep 20 ema as trailing sl if one wants to trail with trend.

Sell when price closes below current time frame 20 ema and current time frame 20 ema is lower than higher time frame 20 ema. Stop loss just above high of last candle.

Ideal target is 1.5 or 2 times of stop loss.

Entry and exit time depends on trading style. Eg. if you want to enter and exit in 5 min time frame, then choose 15 min or 1h as higher time frame as trend filter. Buy and sell signals are also plotted based on this strategy. One should always go with the higher time frame trend. Opting higher time frame trend filter always filters out market noises.