Tips and Tricks to create an EMA Crossover System
In this video I show you how to set up an EMA Crossover system as proscribed by Market Wizard Ed Seykota:
-How to find what EMA lengths to use
-How to reduce whipsaws
-How to read the strategy results
-What type of risk to use and how to limit drawdown
-How to deal with higher fees
-How to set up the alerts when you find a good EMA length combination
Summary:
-I've programmed the above methodology: search for "EMA Crossover" in the indicator search and pick the author "gregoirejohnb".
-The Slow EMA should be 3x the Fast EMA
-To take more trades: DECREASE the Length
-To take fewer trades: INCREASE the Length
-To reduce whipsaws: INCREASE the multiplier
-Test a Long Only strategy on historically strong markets
Remember, there are no magic numbers so don't stress over the "perfect" EMA lengths. Get the settings that look good to you with enough profit and as low of drawdown as possible, and then go trade. The secret to trading is limiting your risk!
-How to find what EMA lengths to use
-How to reduce whipsaws
-How to read the strategy results
-What type of risk to use and how to limit drawdown
-How to deal with higher fees
-How to set up the alerts when you find a good EMA length combination
Summary:
-I've programmed the above methodology: search for "EMA Crossover" in the indicator search and pick the author "gregoirejohnb".
-The Slow EMA should be 3x the Fast EMA
-To take more trades: DECREASE the Length
-To take fewer trades: INCREASE the Length
-To reduce whipsaws: INCREASE the multiplier
-Test a Long Only strategy on historically strong markets
Remember, there are no magic numbers so don't stress over the "perfect" EMA lengths. Get the settings that look good to you with enough profit and as low of drawdown as possible, and then go trade. The secret to trading is limiting your risk!
评论:
The strategy script I reference is here:
