Please help in creation of this strategy urgently:
Alert Candle: Once 20 EMA crosses 50 EMA above with a Green candle on the daily timeframe
Entry Candle: As soon as the high of the green candle is broken. However if the cross-over candle is 8-10% up, then the entry should be triggered when the price corrects and takes support at 20EMA.
EXIT / STOP LOSS:
- Exit if the stock breaks 50EMA OR
- 8% LOSS from the entry price
- RSI (Relative Price Index) crosses above 80 levels.
TARGET: 20% RETURN