Hi all,

This is my first entry, so please forgive and advise if I’m doing something wrong.

Created a very basic strategy using Bollinger and Exponential Moving Average. Strategy tested on South African Top 40.

BUY: Price above 1 std and EMA[20] crosses over EMA[50].

SELL: Price below EMA[20]

Some observations:

1. Not doing any short selling on this (yet). My initial idea is to create a relatively low risk/low return strategy for now.
2. Work well on 10min bars, but less so on 15min and 5min. Should it be a concern if a strategy seem so specific to a particular time.
3. Number of gains and losses are very similar. I set a very small stop-loss (0.5%) to try and get out of any loss making trade as soon as possible.

Any comments/feedback will be highly appreciated.

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions
indicator1 = Average[20](close)
indicator2 = Average[50](close)
c1 = (indicator1 CROSSES OVER indicator2)

indicator3 = close
indicator4 = Average[20](close)+std[20](close)
c2 = (indicator3 >= indicator4)
c3 = (indicator3 <= indicator4)

IF c1 AND c2 THEN
BUY 2 CONTRACT AT MARKET
ENDIF

IF c3 THEN
SELL 2 CONTRACT AT MARKET
ENDIF

// Stops and targets
SET STOP %LOSS 0.5
SET TARGET %PROFIT 5

dbb-and-ema-pic-1483774386cpl841.png