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-THE RULE-BASED STRATEGY-

Strategy Concept : This is a trend based strategy, basically all entries need to go with the following trend.
ENTRY CRITERIA

LONG BUY
1. Price must be above 50 EMA
2. Price must break-close previous high
3. Need a pullback towards 50 EMA
4. More than 1 candle close below 50 EMA wont count as pullback
5. Wait for a bullish engulfing or morning star pattern
6. RSI must be above 50
7. Minimum 2 red candle needed to count pullback
8. S/R will get strong priority
9. GAP open price wont qualify






SHORT SELL
1. Price must be below 50 EMA
2. Price must break-close previous low
3. Need a pullback towards 50 EMA
4. More than 1 candle close above 50 EMA wont count as pullback
5. Wait for a bearish engulfing or evening star
6. RSI must be below 50
7. Minimum 2 green candle needed to count pullback
8. S/R touch will get strong priority
9. GAP open price wont qualify

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