The Vela Superada strategy trades a two-candle reversal pattern. A bullish setup occurs when a bearish candle is immediately followed by a bullish candle that closes above the prior open. Trades are filtered with a short-term EMA, RSI and MACD trend to avoid counter-trend signals. Both long and short sides can be enabled.
The strategy employs percentage-based take profit and stop loss levels and dynamically tightens a trailing stop once price moves favorably. This allows capturing extended moves while protecting against reversals.
Entry Criteria:
Long: Previous candle bearish, current bullish, close and previous close above EMA, RSI < 65, MACD rising.
Short: Previous candle bullish, current bearish, close and previous close below EMA, RSI > 35, MACD falling.
[]Long/Short: Configurable (long by default).
[]Exit Criteria:
Trailing stop or opposite signal.
[]Stops: Percent-based stop loss and take profit.
[]Default Values:
EmaLength = 10
RsiLength = 14
ShowLong = True
ShowShort = False
TpPercent = 1.2
SlPercent = 1.8
[*]Filters:
Category: Pattern + indicators
Direction: Both
Indicators: EMA, RSI, MACD
Stops: Yes
Complexity: Medium
Timeframe: Any
Seasonality: No
Neural networks: No
Divergence: Yes
Risk level: Medium