Breakout

Logic

Opening (Entry Signal)

Open a new long position at the Upper Band of Starc Bands* (Simple, Close, 5, 1,33) when all the following logic conditions are satisfied:

  • the RSI* (Smoothed, Close, 14) is higher than the Level 50; and
  • MACD* (Exponential, Close, Simple, 26, 12, 9); the MACD line is higher than the zero line.
  • Trend is Long on UT 5mn (Multi MA or other trend indicator)
  • Stop Loss at the Lower Band of Starc Bands

Open a new short position at the Lower Band of Starc Bands* (Simple, Close, 5, 1,33) when all the following logic conditions are satisfied:

  • the RSI* (Smoothed, Close, 14) is lower than the Level 50; and
  • MACD* (Exponential, Close, Simple, 26, 12, 9); the MACD line is lower than the zero line.
  • Trend is Short on UT 5mn (Multi MA or other trend indicator)
  • Stop Loss at the Upper Band of Starc Bands

Closing (Exit Signal)

Close an existing long position at the end of the bar when the following logic condition is satisfied:

  • the MACD Histogram (Exponential, Close, Simple, 26, 12, 9) is lower than the Level 0.

Close an existing short position at the end of the bar when the following logic condition is satisfied:

  • the MACD Histogram (Exponential, Close, Simple, 26, 12, 9) is higher than the Level 0.

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