RR的系统 (RR's System)

I am in the process of refining and backtesting this system and figured it would be a good opportunity to see if anyone is interested or has any additions or critiques.

It's relatively simple as it is now, and I have tested it this past week on Demo and it did well.

Here's the set-up:

I have only tried this on the 4H and 1H timeframes on EU. It's possible it could work on others.

I am only trading this method on EU.

I am using the 7 and 14 EMAs.

If the 7 is above the 14 EMA, I only go long, and vice versa.

Using long as an example, if price is trending up and I get a bar with a lower close that is in between the 7 and the 14 EMA, I place a buy order.

I have been setting my SL at about twice the distance of the current bars length, but I am testing the result on setting it below the low/high of following bar, which would leave my position unprotected for the duration of that particular time frame.

It's designed to keep the trade with the trend, and is generally not a long term hold. My intent is to have a profit target for each trade with a limit order placed immediately after the position is opened.

There must be significant space between the 7 and 14 EMA for this to be valid. No sideways movement, or entangled "EMA's"

This is it. I would love to get any constructive feedback that anyone has to offer.

Please see attached chart for reference.

I'll update throughout the weeks to come with my results.

Best Regards,

RR