Nifty Future Strategy: 50 day EMA

[karanmanwani]

Hi,

I am trying to see if the below strategy works or not.

Candle period: 2mins
EMA: 50 day EMA

Just buy 1 lot of Nifty future when 2 min candle closes above from below the last day's 50 day EMA level and sell it when when 2 min candle closes below from above the last day's 50 day EMA level. So at every point in time we will have an open position of either 1 lot long or 1 lot short.

Follow it completely even if there is a gap up or gap down opening.

It will be a great help if any Traderji member could backtest the above mentioned strategy for about last 2 yrs. and share the results.

Thanks.

 

[rkkarnani]

Please give some example of trades based on this system, any random days trades, will help in better understand the system.
50 Period EMA for EOD values and trade it in 2 minutes time frame!! So it is a positional trade... correct!!!

 

[sandipandas2000]

Any proven sample with this trade have sir?