EMA 150 Long Strategy

Strategy Setup

The strategy is named "EMA 150 Long Strategy" and is set to overlay on the price chart.
It uses 100% of the account equity for position sizing.

Indicator Calculation

An EMA with a length of 150 periods is calculated using the closing price.
The EMA is plotted on the chart in blue.

Entry and Exit Conditions

Long entry: When the closing price crosses above the EMA
Exit: When the closing price crosses below the EMA

Strategy Execution

The script enters a long position when the entry condition is met.
It closes the long position when the exit condition is met.

Visual Signals

Buy signals (green triangles) are plotted below the bars when a long entry occurs.
Sell signals (red triangles) are plotted above the bars when an exit occurs.

Key Points

This is a long-only strategy; it doesn't take short positions.
The strategy uses crossovers and crossunders of the closing price with the EMA for entry and exit signals.
The EMA length is set to 150
The strategy uses 100% of the account equity for each trade, which can be risky in real trading.

This script provides a basic framework for an EMA crossover strategy and can be used as a starting point for more complex trading systems.

backtest 4years (984.42% proffit, 181trades, 16.57% profitable, max drawdown 34.6%)

BTC 4 hour timeframe