Swing sniper V1

his strategy uses a combination of exponential moving averages (EMAs) and the Relative Strength Index (RSI) to determine entries and exits. It is enhanced by using recent swing points to set a more precise stop-loss (SL) level, with a fallback ATR-based method when swing points are not available. For taking profit (TP), the strategy exits based on an opposite EMA cross that is confirmed by the RSI. In short, the strategy goes long when the short EMA (EMA9) crosses above the long EMA (EMA50) with supporting RSI conditions, and goes short when the reverse happens. Exits occur only when there is evidence that the trend has reversed, as shown by a dual signal—both an EMA cross and an RSI divergence from the entry condition.

Entry Conditions
Long Entry: A long position is initiated when:

The 9‑EMA crosses above the 50‑EMA, signaling a potential bullish change.

The RSI is above 50, confirming that momentum is on the upswing.

Short Entry: A short position is initiated when:

The 9‑EMA crosses below the 50‑EMA, indicating a potential bearish move.

The RSI is below 50, confirming that momentum is on the downside.

These conditions ensure that trades are taken in the direction of both trend and momentum.

Entry Conditions
Long Entry: A long position is initiated when:

The 9‑EMA crosses above the 50‑EMA, signaling a potential bullish change.

The RSI is above 50, confirming that momentum is on the upswing.

Short Entry: A short position is initiated when:

The 9‑EMA crosses below the 50‑EMA, indicating a potential bearish move.

The RSI is below 50, confirming that momentum is on the downside.

These conditions ensure that trades are taken in the direction of both trend and momentum.

Exit Conditions (Take-Profit)
For taking profit, the strategy uses an opposite EMA cross in combination with an RSI filter:

Long Position Exit:

The strategy will close the long position when the 9‑EMA crosses below the 50‑EMA and the RSI falls below 50. This combination serves as a robust confirmation that bullish momentum is waning, and a trend reversal might be underway.

Short Position Exit:

A short position is closed when the 9‑EMA crosses above the 50‑EMA and the RSI rises above 50. This serves as confirmation of a possible bullish reversal after a downtrend.

Using these dual conditions (EMA cross and RSI confirmation) helps avoid premature exits and filters out false signals.