For the porponents of simple trading strategies, I would like to share one of these strategies that I found myself as part of my time-based-strategy-series.

It is a long-only strategy. Long-only strategies would have always led to gains in the major indices depending on the holding period and transaction costs, take a look at their recent all-time highs.

It is quite simple. We buy the Dax in the 4H on Monday between 09.00 and 21.00 when the close is below the EMA50 and the EMA1 crosses the EMA2 upwards.
We want a TP of 1%. We do not use an SL, which is the difficulty of the strategy, we need money in our pockets – we should be able to withstand a corona dip. Here, 10.000 euros were sufficient.

The strategy is probably not suitable for Zack and Rich, but you can think about it as an addition to your portfolio.

//-------------------------------------------------------
// timebased serie
// timezone europe, berlin
// timeframe 4H
// created and coded by JohnScher
//-------------------------------------------------------

defparam cumulateorders = true

once ordersize = 1

td = opendayofweek =  1
tt = time  >= 090000 and time <= 210000

c1 = exponentialaverage [1] (close) crosses over exponentialaverage [2] (close)
c2 = exponentialaverage [1] (close) < exponentialaverage [50] (close)


if td and tt and c1 and c2  then
buy ordersize contracts at market
endif


set target %profit 1