Two EMA + ADX Strategy by @tekolo

The Exponential Moving Average Cross strategy is a simple, popular strategy of entering the market when faster EMA crosses slower EMA , we enter at the direction of the crossing. The strategy can work very well on trending market, the results are not very good on choppy markets.

The Two EMA crossover strategy presented here is specially designed for intraday or overnight trades. It includes the ADX + DI to measure market momentum, which allows the trader to confirm the reliability of the crosses. However, some false signals may occur.

The system and its rules are quite simple as discussed below. Please use the strategy on backtesting mode before risking your money.

Indicators and system settings
A candlestick chart in any time frame.
It is recommended for any currency pair, although its effectiveness has not been evaluated in different pairs. I recommend use from 2 to 4 hour timeframes in BTC/USD .
Don't use when important fundamental news dominate the market sentiment or on choppy markets.
ADX + DI custom indicator (Don't showed in the graphic)
8-periods EMA (pink).
13-periods EMA (blue).
Custom indicator EMA/EMA Cross Indicator.
Origin and final time for the calculations.
Stop Loss risk management options.

The strategy uses two EMAs on the chart. The trading rules are very simple:

Enter Long when faster EMA crosses above slower EMA . The ADX + DI is in upward direction (confirmation signal). The signal has more strength if the +DI is above 17.
Enter Short when faster EMA crosses below slower EMA . The ADX + DI is in bearish direction (confirmation signal). The signal has more strength if the -DI is above 17.

================ REMEMBER ================
The 90/90/90/90 rule is a basic trading rule. It means that 90% of new traders lose 90% of their initial capital within 90 days. Can a trader avoid being part of this statistic? Of course! When you create a trading strategy, test it through virtual trading, research the currencies you want to trade with and establish a realistic profit target and a minimum loss target to assume in your operations.

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Hello Friend,

could you please allow me to use it, i wanna to try this on India BankNifty Index for buying and selling futures.

your help is appreciated on the same.

Hello, can you share the script? thanks
+2 Responder
Suppurb script..hey can you please give me access to this strategy?
+1 Responder
Trail access please?
hi tekolo, the script is excellent thanks for sharing it with the community, however when i apply it to the chart, the buy/sell signal doesnt show, can you give me a little help on that please? thanks a lot!
+6 Responder
Thanks for sharing. Just starting pine programming, may i have access to the code?
+2 Responder
gracias tekolo son de mucha ayuda estas estratejias
Thank you so much for sharing your strategies, it's an excellent job.
Very good strategy Tekolo!! I'll try it and tell you the results. Thank you!!
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