Most Textbook Strategies Work
Most strategies will work with Heikin Ashi candles and clean exits. I was actually surprised that moving averages would work so well. You can trade almost any time frame and still succeed. Most people hold losers and close winners too soon. I think it's actually harder to choose an exit signal than it is to choose an entry signal. Therefore, if you can choose a decent exit then you can be profitable.
What is being shown here?
This is a backtest showing trades on an SMA of 34 and an EMA of 5. Like I said, I was surprised this backtested so well given the simplicity of signals.
Any thoughts are welcome.
Most strategies will work with Heikin Ashi candles and clean exits. I was actually surprised that moving averages would work so well. You can trade almost any time frame and still succeed. Most people hold losers and close winners too soon. I think it's actually harder to choose an exit signal than it is to choose an entry signal. Therefore, if you can choose a decent exit then you can be profitable.
What is being shown here?
This is a backtest showing trades on an SMA of 34 and an EMA of 5. Like I said, I was surprised this backtested so well given the simplicity of signals.
Any thoughts are welcome.