Uptrend, EMA5 > EMA8 > EMA13
Downtrend, EMA5 < EMA8 < EMA13
EMA# input can be changed by user.
1. Long in Uptrend when Price croseover EMA5;
Buy EMA5 + 0.03 (Do not wait for close), initial stop EMA13-0.03
If it is a big Gap up, do not chase. Let it go;
2. Short in Downtrend when Price croseunder EMA5;
Short EMA5 - 0.03 (Do not wait for close), initial stop EMA13+0.03
If it is a big Gap Down, do not chase. Let it go;
3. No target strategy in this study;
Back test Weekly, daily, hourly, 15M chart for ES1! , CL1! , GC1! , SPY , QQQ , TLT , IWM , XLF , XLK , XOP , GS , IBM , APPL, AMD , MMM , WBA
When side way move, Entry could be stopped quickly with small loss;
When entry in trending move, the position could be hold for a good range, and keep adding to winner.
Using this study, and ETFs are better than single stock. Big Gap can break the trend, and trigger big stop loss;
This study is designed to join an existing trend. Try not use this in the time frame below 15 min.
To catch the turning point of a swing, Price action (Demand/Supply Confirmation) and trendlineBreak could be more accurate than / lines.