This is the study/indicator alert version of the macd + ema strategy.
The strategy details are the following : Is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average.
Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes.
It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years. As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on.
Components: MACD EMA Time condition Long/short option
For long/exit short we enter when we are above the ema , histogram is positive and current candle is higher than previous. For short /exit long , when close below ema , histo negative and current candles smaller than previous