Hi,
This is a great forum.
Please see attachment.
Any thoughts on an ema(s) I can use on 3 min chart so I can identify trend for my breakout egy?
Can a trader just try all emas mixes to see what work? Manual Backtesting this may take.
If not, I'll examine a 10,20,50, and 100 ema to acquire the trend right before taking any breakout trades.
Well, I been discretionary trading breakout egy lately with some success (paper trading) with my resistance and service lines, without any signs. I specify trend by simply taking a look at the purchase price direction with my eyes intraday trading each morning.
If cost is moving up, get on another resistance breakout, cost going short, get short on another support breakout.
Well, today I wish to program and confirm my approach and rear test it over 10 years historic information, but I have no way to logically/mathematically identify tendency to program it. I can not program my eyes.
I guess when I program the egy I can try many different EMAs mixtures during automated backtesting. Maybe I need to learn to program my egy(s) for faster backtesting.
Thanks,