EMA Crossover Strategy

26 jun 2020

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:

• 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.