PaBuy/PaSell + EMA 11 + RSI + H1/H4 Filter — Strategy by forexsuccesswin
By forexsuccesswin
Performance Metrics
- Author: forexsuccesswin
Description
Here is a clear and professional technical explanation of your trading strategy system in English. You can use this documentation for your records, code comments, or presentations.---## 📈 System Architecture & Logic OverviewThis automated strategy is a **Multi-Timeframe Trend-Following and Price Action System** designed for lower timeframes (such as M5). It combines **High Timeframe (HTF) directional bias**, **moving average trend alignment**, **RSI momentum filtering**, and **candlestick Price Action entry triggers** with strict risk management.---### 1. High Timeframe (HTF) Trend FilterTo ensure trades are executed only in the direction of the dominant market trend, the system checks the closed candles of higher timeframes (**H1** and **H4**):* **Sell Condition:** The previous closed candles on **both H1 and H4** must be **Bearish (Red)** (`Close Open`).---### 2. Lower Timeframe Indicators (M5)The system uses two key indicators on the execution timeframe:* **EMA 11 (Exponential Moving Average):*** **Sell:** Price must close **below** EMA 11.* **Buy:** Price must close **above** EMA 11.* **RSI 14 (Relative Strength Index):*** **Sell Filter:** RSI must be **below 45** (indicating strong downward momentum).* **Buy Filter:** RSI must be **above 55** (indicating strong upward momentum).---### 3. Price Action (PA) TriggerEntry signals are generated when specific 2-candle Price Action patterns occur:* **PaSell (Sell Trigger):**1. Current candle is **Red** (`Close Open`).2. Previous candle is **Green** (`Close[1] > Open[1]`).3. Current Close is **higher** than the previous Close (`Close > Close[1]`).---### 4. Entry Rules Summary#### 🔴 Short / Sell OrderExecutes when **ALL** of the following conditions are met simultaneously:1. **H1 & H4 Bias:** Previous H1 candle is Red **AND** previous H4 candle is Red.2. **Trend & Momentum:** Price is below EMA 11 **AND** RSI (14) 55.3. **Execution Pattern:** **PaBuy** pattern forms on M5.---### 5. Risk Management (SL / TP)* **Stop Loss (SL):*** **Sell:** Placed at the highest high of the last 2 candles (`max(High, High[1])`) + Buffer points.* **Buy:** Placed at the lowest low of the last 2 candles (`min(Low, Low[1])`) - Buffer points.* **Take Profit (TP):** Calculated dynamic Take Profit based on a customizable **Risk-to-Reward (R:R) ratio** (e.g., 1 : 1.5).---If you need to add this explanation as code documentation (block comments) inside your Pine Script file, let me know!