Long-Only EMA and RSI First-Break Entry Strategy

Summary

This long-only strategy combines a 9-period exponential moving average with a 14-period RSI. It enters when the close is above the EMA and RSI is above 50, but only on the first bar where both conditions become true. The intent is to avoid repeated entries while the qualifying state persists.

The position uses 100% of strategy equity by default. It closes when the close falls below the EMA. The document provides implementation rules and chart markers, but no backtest results or evidence that the approach reduces noise or performs profitably. It does not specify a stop loss, profit target, or short-selling rules, so risk and position management beyond the default sizing and EMA exit are left open.

Key ideas

• The strategy considers long entries when price closes above the 9-period EMA and RSI exceeds 50.
• An entry signal occurs only on the first bar that satisfies both conditions after the prior bar did not.
• The strategy closes the long position when price closes below the EMA.
• The example sets position size to 100% of strategy equity and supplies no performance results.

Tags

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