9 and 20 EMA Retest Entries with Session and Risk-Reward Rules

Summary

This intraday strategy uses the relationship between a 9-period and a 20-period exponential moving average to define trend direction. A bullish crossover arms long setups and a bearish crossover arms short setups. Afterward, the price must retest either EMA, form a candle in the expected direction, and do so during the configured 9 a.m. to 4 p.m. India Standard Time session before an entry is considered.

For a long trade, the stop is placed at the signal candle's low and the target is set three times the entry-to-stop distance above entry. Short trades mirror this using the signal candle's high and a target three times the risk below entry. The script only enters when flat. This is a rules-based trend continuation idea with explicit stop and target placement, but the supplied excerpt offers no backtest results, market specification, costs, or evidence that the fixed session and reward-to-risk setting work across instruments or timeframes.

Key ideas

• The EMA ordering defines bullish and bearish trend conditions, while crossovers arm the corresponding setup.
• Entries require an EMA retest, a confirming candle, and an in-session timestamp.
• The signal candle's low or high defines the stop for long or short positions.
• Targets are placed at three times the defined price risk from entry.
• The excerpt gives strategy rules but no market-specific testing or performance evidence.

Tags

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