Futures Trend Pullbacks with EMA Direction and RSI Filters

Summary

This strategy looks for pullbacks within an established futures trend. It defines direction by whether the close is above or below a 100-period EMA, then signals a long when RSI is at or below a configurable threshold and a short when RSI is at or above its own threshold. An optional exchange-time session filter can limit when signals are allowed.

Exits use either fixed tick distances or distances based on ATR, with an optional trailing stop. Contract quantity is a user input, and the script prevents pyramiding while permitting entries that reverse an opposing position. The source describes configurable rules but provides no performance results or testing evidence. Results will depend on instrument, timeframe, input settings, and execution assumptions; the default settings should not be treated as validated risk limits.

Key ideas

• The strategy uses a 100-period EMA to define the prevailing direction.
• RSI thresholds identify pullbacks for entries in the direction of that trend.
• A session filter can restrict entries using exchange time.
• Stops and targets can use fixed ticks or ATR multiples, with an optional trailing stop.
• The script provides no performance evidence, so settings require independent evaluation.

Tags

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