Dual EMA Turning Points with Directional Entries and Profit Targets

Summary

This cryptocurrency futures strategy identifies turning points in two exponential moving averages. A bullish setup occurs when both averages form a local trough across recent bars; a bearish setup occurs when both form a local peak. The system enters long or short accordingly, reversing an existing position when the opposite setup appears. It records the entry price and closes a position after price moves favorably by a configured profit distance. The parameters include the two EMA periods, order amount, contract type, profit target, and an exchange simulation option.

The included backtest configuration uses ETH/USDT futures with hourly strategy bars and five-minute base data over a stated historical window, but no performance results are reported. The document is primarily a code example rather than an analysis of efficacy. Its described exit rule is profit-target based; it specifies no stop-loss or explicit risk limit, and real execution may differ from the backtest due to fees, slippage, and order handling.

Key ideas

• The strategy looks for local troughs or peaks shared by two exponential moving averages.
• A bullish turning point opens a long position, while a bearish turning point opens a short position and may reverse the existing side.
• An open position is closed after a configured favorable price move.
• The example provides ETH/USDT futures backtest settings but reports no performance results.
• The described system has a profit target but no explicit stop-loss.

Tags

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