EMA and MACD Trend-Momentum Entries with Session and Risk Filters

Summary

This strategy combines an EMA trend filter, MACD direction, candle direction, and a time-of-day window to select intraday or short-term entries. Long entries require price above the EMA, positive MACD, and a bullish candle; short entries apply the inverse conditions. It also limits entries to one per day and defines stop and target levels using the prior candles and a risk-reward multiplier. The described default session is in GMT+7, with user-adjustable indicator and risk settings.

The document explains the rules and discusses possible weaknesses, including lagging trend signals, fixed-buffer stops, missed opportunities outside the session, and parameter sensitivity. It offers no performance statistics or completed evaluation, so its claims about signal quality are not supported by results. The included script excerpt implements the entry and exit orders, but the prose and code should be checked together before use: for example, the shown daily reset compares day-of-month values, which can behave unexpectedly across month boundaries. Robustness across instruments, timeframes, costs, and execution conditions remains unestablished.

Key ideas

• The strategy requires trend, momentum, candle direction, and session conditions to align before entry.
• It uses prior candle extremes and a risk-reward multiple to define stop and target levels.
• A daily entry limit is intended to reduce trading frequency.
• The document provides no measured performance, and its implementation details warrant independent review.

Tags

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