NQ 21 EMA Pullbacks with Trend and Candle Confirmation

Summary

This NQ strategy seeks pullbacks toward a 21-period EMA and enters only when trend and price action confirm continuation. It defines a trend reference as a 21-period simple moving average of the 21-period EMA of closing prices. Longs require that reference below the EMA, price sufficiently above the EMA, a prior-bar low touching or crossing the EMA, and a bullish candle closing above the prior high. Shorts apply inverse conditions. A morning session filter, a date window, a two-trade daily cap, and fixed stop and target distances further constrain trades.

The document provides the rules and parameters in a script but no strategy report results, sample description, or evidence of profitability. The date window is limited, and the fixed distance filter and exit values may not transfer across market conditions or instruments. EMA pullbacks can fail in choppy markets, while session and trade limits reduce activity without establishing an edge. The approach therefore needs independent testing with realistic costs and execution assumptions.

Key ideas

• The strategy trades pullbacks to a 21-period EMA when a smoothed EMA reference confirms trend direction.
• A long entry requires bullish price action closing above the prior bar's high; the short setup reverses those conditions.
• The rules include a morning session filter, a date range, and a maximum of two entries per day.
• Positions use fixed stop and target distances.
• The supplied material gives no reported performance results or evidence that the settings generalize.

Tags

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