With THIS Settings of EMA, It's EASY to Find Accurate Buy/Sell Signals!
Doesn't work
No edge after realistic trading costs
- trades tested
- 1,212
- per trade after costs
- -0.11bp
- winners
- 37%
- years of data
- 14.7
Two EMA ribbons on EURUSD 1h: a green ribbon (144 EMA of high, close and low) for trend and an orange ribbon (EMA 5/8/13/21). After a candle closes across the green ribbon and the orange ribbon moves fully inside or beyond it, wait for a pullback to the green ribbon and enter when a candle closes beyond the swing high/low made before the pullback; stop beyond the orange ribbon, target 2R.
The exact rules we tested
- 01Instrument: EURUSD | Signal timeframe: 1h | Direction: both
- 02Session: 00:00-23:59 (exchange tz), positions may hold overnight
- 03LONG sequence: 1. close crosses above g_hi THEN 2. (ema5 > g_lo) AND (ema8 > g_lo) AND (ema13 > g_lo) AND (ema21 > g_lo) (within 48 bars) THEN 3. low <= g_hi (within 48 bars) THEN 4. (close crosses above sh) AND (close > g_hi) (within 24 bars)
- 04SHORT sequence: 1. close crosses below g_lo THEN 2. (ema5 < g_hi) AND (ema8 < g_hi) AND (ema13 < g_hi) AND (ema21 < g_hi) (within 48 bars) THEN 3. high >= g_lo (within 48 bars) THEN 4. (close crosses below sl) AND (close < g_lo) (within 24 bars)
- 05Entry: market at next bar open
- 06Stop: at the ema21 (longs) / ema21 (shorts) level
- 07Target: 2.0R (risk-multiple of stop)