Morning star conditions

Streak - backtesting
1

Buy Signal:

Time Frame: 1 Hour

Condition

  1. Morning star pattern to be formed

  2. Stock should be in the downtrend

  3. Formation of the Morning star pattern should be below EMA 20 and EMA 50

Entry Point: When the next candle is higher than the High of Morning star + 0.2%

Stop Loss: Low of Morning star - 0.2%

Target: 4 X (Entry Point - Stop Loss)

Example:

image.png

2

@trade4lyf Check out the image below to learn how to create the conditions:

image
image1057×1621 109 KB

You can refer to the strategy link here: Streak | World's first algo trading platform without coding

3

You can try the new scanner for this
https://scanners.streak.tech/scanner/morning-star