Trading pullbacks of trends has been a trader’s friend since the beginning of markets. I take a simple, well tested, classic trading strategy, based on three Exponential Moving Averages (EMAs), and turn it into a complete trading system that was proven profitable over a series of 100 trades.
In addition to providing my popular 6 optimization tips, I give this method a Trader’s Landing Score.
⏱️ Timestamps ⏱️
00:00 - Start
00:45 - Indicators
01:36 - Long Examples
03:24 - Short Examples
04:55 - Testing Results & Equity Curve
06:00 - Trader’s Landing Score
06:25 - Optimization
⚙️ System Specifics ⚙️
📛 System Name: Pullback to Profits
🏆 Trader’s Landing Score: 7
🎹 Instrument: Bitcoin vs. US Dollar (BTC/USD)
⌛ Time Frame: 5-Minute (M5)
👀 TradingView Indicators
Name: Exponential Moving Average (EMA)
Inputs: Length 100
Style: White
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
Name: Exponential Moving Average (EMA)
Inputs: Length 50
Style: Orange
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
Name: Exponential Moving Average (EMA)
Inputs: Length 25
Style: Blue
By: TradingView Built-In
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
☝️ Long Entry
👇 Short Entry
🔥 Risk to Reward: 1:2
🛑 Where to place stop-loss:
For Longs: Below the 50 EMA
For Shorts: Above the 50 EMA
🚀 Where to take profits: 1:2