Nothing strange in the strategy . . .
It is based on concept of price reversion to the mean . . . calculated based on 2 days cycle of High//Low (+/- some fixed delta)
Again nothing strange if the trade fails on trend continuation days (when/if trend continues for 3+ days). That's the way its meant to happen, works when price reverts back towards the EMAs, Stops will hit when price keeps trending. Now theory says 70+ % of the times price will reverse to mean and keep trending less than 30% of the times, that's where the edge comes from.
Overall the OP has presented a very good concept, if needed everyone can personalize/change it further to suite their temperament/needs.
Happy
It is based on concept of price reversion to the mean . . . calculated based on 2 days cycle of High//Low (+/- some fixed delta)
Again nothing strange if the trade fails on trend continuation days (when/if trend continues for 3+ days). That's the way its meant to happen, works when price reverts back towards the EMAs, Stops will hit when price keeps trending. Now theory says 70+ % of the times price will reverse to mean and keep trending less than 30% of the times, that's where the edge comes from.
Overall the OP has presented a very good concept, if needed everyone can personalize/change it further to suite their temperament/needs.
Happy