EMA Crossover Strategy
EMA Crossover Strategy
This strategy will enter a long trade when the 21 EMA crosses over the 55 EMA and both EMAs and the close price are above the 200 EMA (long-term trend).
It will enter a short trade when the 21 EMA crosses under the 55 EMA and both EMAs and the close price are below the 200 EMA.
It will exit a long trade when the RSI crosses under from overbought and indicates that the uptrend could be coming to an end.
It will exit a short trade when the RSI crosses over from oversold and indicates that the downtrend could be coming to an end.
Backtesting shows that it works best on:
30 MIN:
1 HR:
3 HR:
As always, this strategy does not guarantee you to achieve profits and you should always use confirmations before entering a trade.
This strategy will enter a long trade when the 21 EMA crosses over the 55 EMA and both EMAs and the close price are above the 200 EMA (long-term trend).
It will enter a short trade when the 21 EMA crosses under the 55 EMA and both EMAs and the close price are below the 200 EMA.
It will exit a long trade when the RSI crosses under from overbought and indicates that the uptrend could be coming to an end.
It will exit a short trade when the RSI crosses over from oversold and indicates that the downtrend could be coming to an end.
Backtesting shows that it works best on:
30 MIN:
- SYMBOL - PROFIT FACTOR
- AUDCAD - 1.126
- EURJPY - 1.12
- EURNZD - 1.04
- EURUSD - 1.65
- GBPAUD - 1.27
- USDCAD - 1.08
1 HR:
- SYMBOL - PROFIT FACTOR
- CADJPY- 1.23
- EURNZD- 1.166
- GBPJPY- 1.23
- GBPUSD- 1.282
- NZDJPY- 1.246
- USDCHF- 1.344
3 HR:
- SYMBOL - PROFIT FACTOR
- CADCHF- 1.975
- EURGBP- 1.776
- EURNZD- 1.911
- GBPAUD- 1.364
- GBPCHF- 1.311
- USDJPY- 1.162
- XAUUSD - 2.00
As always, this strategy does not guarantee you to achieve profits and you should always use confirmations before entering a trade.