Pivoted EMA
This strategy checks if we have a low pivot above the EMA (48) line. If so it enters a long trade with a stop loss set to EMA - an additional gap.
This is reversed for Short trades: high pivot bellow the EMA, and SL set to EMA + gap.
The EMA gap for SL can be set individually for Short and Long positions. Backtests reveal that short positions need higher EMA SL gap that long positions.
The red lines above/bellow the candles during open trades are SL prices. The lines are invisible and the prices are gray in the list above the chart when not in active Trade. If the SL line is set equal to the EMA price the line appears as purple because they are both semi transparent. (this is the case for long trades in the current settings used in displaying this strategy).
This is reversed for Short trades: high pivot bellow the EMA, and SL set to EMA + gap.
The EMA gap for SL can be set individually for Short and Long positions. Backtests reveal that short positions need higher EMA SL gap that long positions.
The red lines above/bellow the candles during open trades are SL prices. The lines are invisible and the prices are gray in the list above the chart when not in active Trade. If the SL line is set equal to the EMA price the line appears as purple because they are both semi transparent. (this is the case for long trades in the current settings used in displaying this strategy).
