This is a 5 min, Trend following system using two Ema's: 20 and 50 Probability of hitting the target is high when both Ema's are: Rising and almost parallel, for Buying Falling and almost parallel, for Selling This will decrease the number of entries but probability of hitting the target is 88% (Tested on 8 months data for FnO scrips cash on 5 mins data) Target fixed at 1% or you can trail SL fixed at 1% or you can take close above Ema20 as stop for buying and vice versa I tested it on FnO stocks Nseindia with 5 mins chart, you are free to explore -Ajeet Singh
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Some good signals were skipping in ver 1.0 (pointed by my friends) so now made little more robust