Note: In this chart entry price is the candle after the cross. This is because the EMA's will often look like they are crossing but don't end up doing so.
Of course this does not maximise potential returns however as this chart shows, sticking to this strategy would have resulted in zero losing trades and solid return over this period.
It also means that you don't have to spend hours pouring over charts / reacting to emotions / what people are saying in chat room etc. When I reflect on the time I have spent in front of the screen vs. my returns, I think I would have preferred to spend the last month:
(1) Adhering to this simple trading strategy. Building more confidence with no losing trades.
(2) Paper trading more advanced strategies on lower time frames ( , Fibs etc)
(3) Achieving other things outside of trading and getting more regular sleep :)
Caveat: I am a newbie
Seriously, ema trading is slow, laggy, sucks and will loose your coins.
- you only know if a ema cross happend at the next bar open price. so I'd like you to draw lines for your buys and sells on this chart .; and post it again.. (best use the "bars" chart .. it shows open and close price)
-then think : would i realy trade like this (take into consideration sometimes prices goes realy low or high against your position ) the more leverage.. the more it eats up your deposit..
GL & happy trading
1. With respect to your first point, looking at this chart it's not immediately obvious but I have set the entry price in the middle of 2hr candle following the EMA cross to try in an attempt be realistic. Sometimes you will get a better / worse entry.
2. Would I really trade like this consistently given those considerations? From this limited sample size, I don't really see how the price would go against my position too much, impact on leverage etc. Of course, this is a this is a limited sample size and more backtesting and live trading experience is required. Nevertheless, I think there is enough evidence here to warrant its.
What I need to do next is follow the strategy consistently and report back.