200 EMA Cross Strategy with Daily Bias and Staged Profit Targets

Summary

This strategy trades crosses of the chart’s 200-period EMA in either direction, subject to an optional filter based on the previous completed daily candle: longs are allowed after an up day and shorts after a down day. It uses a fixed six-contract position and offers six separate point-based take-profit exits, each closing one contract. The distances for the targets are configurable, as are direction, date range, and the use of an initial protective stop at the entry candle’s low or high.

If price moves favorably by the configured activation distance, the strategy disables the initial stop and manages the remaining position by closing on a cross back through the EMA. The code specifies order-processing settings, but the document gives no performance results. Its behavior depends on chart timeframe, instrument point value, execution assumptions, and whether the previous-day filter and target settings suit the market; no independent validation is supplied.

Key ideas

• Entries follow crosses above or below the 200-period EMA, with an optional previous-day candle direction filter.
• The strategy opens a fixed six-contract position and can scale out through six configurable point-based targets.
• An entry-candle extreme serves as the initial stop when that option is enabled.
• After a favorable move reaches the activation threshold, the initial stop is removed and an opposite EMA cross closes the remaining position.
• The document supplies strategy logic but no backtest performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.