EMA Cross Chasing Limit Entry Diagram
This diagram keeps the EMA(12)/EMA(26) crossover and Momentum(10) confirmation from Franks4HourLimitOrdersStrategy, but makes execution explicit: a limit starts at the signal close, follows later closes through Order replacing while the side remains valid, and is cancelled on the opposite cross.
Strategy Overview
- Finished candles feed two exponential moving averages and Momentum; Crossing emits only on a genuine change of EMA order.
- A bullish cross requires positive Momentum and Position <= 0; a bearish cross requires negative Momentum and Position >= 0.
- Order registering places the first limit at the signal candle close with price-step shrinking disabled.
- Combination retains the newest order returned by each Order replacing operation, so later updates and cancellation always target the live object.
- Replacement is gated by the continuing EMA and Momentum side; it stops when confirmation disappears instead of churning unconditionally.
Entry and Exit Rules
- Long entry: EMA(12) crosses above EMA(26), Momentum is positive, and Position is flat or short. A buy limit at the close uses abs(Position)+1 volume, combining the source's close-short and open-long market orders into one net limit reversal.
- Short entry: EMA(12) crosses below EMA(26), Momentum is negative, and Position is flat or long. A sell limit at the close uses the same net-reversal sizing.
- Exit: An opposite EMA cross cancels the pending order and may submit the opposite one. A filled position is also protected by the diagram-only 1% stop and 3% target; a protection fill cancels any remaining pending reference.
Parameters
| Parameter | Default | Description |
|---|---|---|
| Candle Time Frame | 00:05:00 | Finished-candle interval; the gallery replay uses five minutes while the C# default is four hours. |
| Fast EMA Length | 12 | Number of values in the fast ExponentialMovingAverage. |
| Slow EMA Length | 26 | Number of values in the slow ExponentialMovingAverage. |
| Momentum Length | 10 | Number of values in Momentum, whose sign confirms the crossover. |
Diagram Details
- The C# source uses market orders and has no pending-order management. Limit registration, replacement, and cancellation are the deliberate execution adaptation demonstrated here.
- Replacement moves the unfilled limit to each new candle close only while fast/slow EMA order, Momentum sign, and position side still permit that setup.
- The source default is four-hour candles. This example defaults to five minutes because the bundled one-month history barely forms EMA(26) on H4; Candle Time Frame remains exposed so 04:00:00 can be restored.
- Base volume 1 and Position protection at stop 1% / take 3% are fixed diagram additions, not constructor parameters of Franks4HourLimitOrdersStrategy.
Usage
Import the .json file into Designer, run it in the backtester on historical data, then adjust the parameters or the blocks themselves to fit your instrument before trading it live.