EMA Crossover Entries with Partial Targets and Trailing Stops

Summary

This strategy uses a fast and slow exponential moving average crossover to generate long and short signals. Optional filters restrict signals to a 30-minute chart and weekdays. When a crossover points in the opposite direction, the script closes the existing side and enters the new one, using full-equity sizing with margin settings that imply substantial leverage in the strategy configuration.

Exits combine a fixed stop, a partial profit target, a farther target for the remaining position, and a trailing stop that activates after a favorable move. The script also plots entry and exit levels and provides entry alerts, which the author says are intended for a trading bot. These are fixed dollar distances converted to ticks, so their market meaning depends on the instrument and its tick size. No backtest results, costs beyond a zero commission setting, or evidence of live execution quality are provided; chart signals and displayed levels should not be treated as verified bot performance.

Key ideas

• A fast and slow EMA crossover triggers directional entries and opposite-side reversals.
• Optional filters limit activity to a selected chart interval and weekdays.
• Exits combine a stop, a partial target, a farther target, and a trailing stop.
• Dollar-based exit distances are converted into instrument ticks.
• The script provides alerts for automation but reports no evidence of backtest or live performance.

Tags

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