Built for long positions using QQQ, this strategy operates on a 30-minute timeframe and is tested over 3,000 candles. It involves a crossover of Double Exponential Moving Averages, suggesting buy and sell signals based on the 25 and 50 period DEMA movements. Developed for an ETF, it may also be effective for similar trading products.
Entry Conditions
All of the following: # "Lima"
30min Exponential Moving Average, Double (25, 0, close) Crosses ↗ 30min Exponential Moving Average, Double (50, 0, close)
Exit Conditions
All of the following: # "Delta"
30min Exponential Moving Average, Double (25, 0, close) Crosses ↘ 30min Exponential Moving Average, Double (50, 0, close)