EMA Candle Close Strategy by Gentleman-Goat
By Gentleman-Goat
Performance Metrics
- Author: Gentleman-Goat
- Symbol: KRAKEN:XBTUSD
- Timeframe: 1 day
- Net P&L: +31,003.02 USD (+2,822.43%)
- Win Rate: 50.0%
- Profit Factor: 4.314
- Max Drawdown: 7,296.94 USD (50.08%)
- Total Trades: 24
- Sharpe Ratio: 0.146
Description
This is a simple script which overlays the 200, 55, 21, 13 and 8 EMA's and suggest a buy and sell based on if the 8,13 and 21 EMA's have crossed the 55 EMA and the close is also above the 55 EMA for the candle. This is a popular strategy used and is best used on the Daily or the Hourly chart. In particular I have had success with the 'Daily' chart.More features will be added soon with variations that can be turned off or on in the options.By default the strategy assumes you are starting with $1000 and a commission rate of 0.26% which is the typical taker fee for crypto exchanges, but you can change this in the settings.