SMA/EMA - Simple Trading Strategy

Hai..friends,
I am just new to trading and still learning.
I would like to know if anybody have a simple trading strategy using Simple Moving Averages/Exponential Moving Averages.
I have one.
I request that if anybody have a backtesting facility is their software kindly backtest the strategy and please post the results.

Let us call it SMA/EMA Pullback Strategy.

Set up :-
SMA - 50 days
EMA - 21 days
EMA - 10 days
Timeframe : 5 min or higher

For Longs :-
The three lines should be in the order :-
EMA 10 days TOP LINE
EMA 21 days Middle LINE
SMA 50 days BOTTOM LINE

The angle of 50 days SMA should 20 degrees moving upwards.
For Shorts :-
Just reverse the order.

Trading Strategy.

For longs, when the price finds its support at 10 days EMA enter.
Since it is a short term strategy, no specific target is given just exit when you have a small profit on price action.
For shorts, also the same strategy.

I would be grateful if somebody backtest it post the result here.

We need to verify this strategy in booming, bearish and sideways market.

I have added a chart here for booming as attachment. Sorry I could not add 10 day EMA to the chart.
I will add charts for bearish and sideways market in due course.

Thanks in advance.
veluri1967:thumb:

You are good, I suggest you to put it in practice or observation. while doing so, we could find many a thing market discounts;

happy learning

Thanks for the suggestion.
I would like to know, whether this strategy works in only trending markets or also in sideways market.
veluri1967

In general indicators like MA works well in trending markets though you could get lot of insight thru experience

Good wishes

HI VELURI

GOOD GOING BUDDY AND HAPPY DUSSEHRA:yahoo:

I WAS JUST WORKING ON A STRATEGY WITH 5/10/20 MINUTES MA FOR INTRADAY I HAVE JUST POSTED IT IN MY THREAD HAVE A LOOK AND HELP ME IMPROVING BY SHARING UR VIEWS

I OBSERVED A LOT NUMBER OF CHARTS THEN CAME TO SUCH OBSERVATION

Hi..vishal
After a long gap... Happy Dussehra to you also.

I have been through your strategy. My observations are :-

1. In General, 5 day MA cross downwards itself does not confirm a SELL signal. It will be whipsawed many a times.
2. It works only in a highly trending stock/market.
3. The strategy should be you SELL on highs in a brearish trend.
4. Add 20 degrees of angle to your strategy as in my strategy which ensures that no whipsaws.

By the way which software you have used to post the intraday chart.

Thanks
veluri1967

hi veluri thnks for ur views

used rupeeking.com

vishal,
rupeeking does not display intraday chart. But your chart is intraday.
Howcome?
veluri1967

sorry veluri

just got up from sleep that time typing error

http:// rtcharts.110mb.com/charts1.html

remove spaces before rtcharts

u can check this

veluri

i have used 5 minute 10 minute and 20 minute moving averages in intraday nnot 5 day moving averages