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It’s a very basic MOMENTUM STRATEGY, which runs on a 2 min chart, with small risk of 15-20’pips.
  • 2 min Chart
  • 50 EMA indicator 
  • 20 pip trailing stop 
  • The reason for entry, is when the 50 EMA crosses the next PRICE LINE ( based on 5 pip increments).
  • In the photo example attached, the 50 EMA is dropping through the 12775, the 12770 the 12765 horizontal price levels....and so on.
  • Then, when price reverses enough, the 50 EMA reverses back UP through the 12770 price line for example, This often indicates a pretty strong reversal on the 2 min chart.
  • The conditions then for a ‘reason to enter’ is based solely on the 50 EMA crosses through predetermined price levels ( in this case the 5 pip increments). At this point the LONG position is closed.
  • Conversely, when the market shifts to the upside again, the SHORT position would be closed, as a new LONG opens.

Can this be done?
So it’s not so much trade long when above the 50 EMA, but more based on the price levels themselves and how the 50 EMA interacts with them.

It maybe requires a filter to avoid consolidation...but maybe limiting trading hours to high volume times.

Visual backtesting, I've been able to see that this strategy keeps you in trades much longer, and with only a small risk, so looks pretty profitable.

I appreciate any feedback- 
Thank you again.



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