EMA Crossover Entries with Candle Filters and Fixed Exits
Summary
This script combines 9-period and 20-period exponential moving averages with a candle body filter to generate directional entries. It buys when the faster average crosses above the slower one, the close is above the fast average, and the candle body is at least 30% of its range; short entries use the inverse conditions. It allows only one position at a time and sets profit targets and stop levels relative to average entry price.
The page title refers to support and resistance breakouts, and the script plots pivot highs and lows as chart guides. However, those pivot levels do not appear in the entry rules, so they do not confirm the trades. No performance results or asset-specific evaluation are supplied. The fixed percentage exits and moving-average parameters are configurable, but the document does not establish that they work across markets or timeframes; fees, slippage, and false crossover signals also remain relevant limitations.
Key ideas
- Entries require a fast and slow EMA crossover, close confirmation, and a minimum candle body relative to the full range.
- Long and short entries are permitted only when the strategy is flat.
- Profit targets and stop levels are fixed percentages of the average entry price.
- Pivot highs and lows are plotted, but they do not affect the entry conditions shown.
- The document provides no performance evidence or assessment across markets.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.