EMA X BF 🚀 — Strategy by bennef
By bennef
Performance Metrics
- Author: bennef
- Symbol: BITMEX:XBTUSD
- Timeframe: 6 hours
- Net P&L: +769,453.65 USD (+6,358.53%)
- Win Rate: 48.0%
- Profit Factor: 2.309
- Max Drawdown: 89,897.44 USD (23.56%)
- Total Trades: 100
- Sharpe Ratio: 0.492
Description
EMA Crossover StrategyA simple EMA cross is a useful indication of a change in direction of a trend and is a very popular tool in trading. It can also be useful to judge price action momentum or severity by looking at the angle of the 2 EMAs, or the distance between them.There are 2 Exponential Moving Averages, one fast and one slow. When the fast EMA crosses above the slow EMA, this can be considered bullish and may signal an upside move. Conversely, a cross to the downside of the fast EMA under the slow EMA can be considered bearish.This strategy uses the same principle but uses different sources for the 2 EMAs; instead of using close values, we use ohlc4 values for the fast EMA and hlc3 values for the slow EMA.The idea is that a trader might enter a long position upon a cross up and reverse position and go short upon the next cross down.We use a simple 6% stop loss for both long and short positions.This strategy is tuned to a 6hr chart for Bitcoin USD pairs.INSTRUCTIONS Go Long when the background is greenGo short when the background is redWhite background means sideways market: a no trade zone