Create and Backtest Your Own Trend-Following Trading Strategy Using EMA and RSI Indicators

📚 Taking responsibility for the strategy development process is crucial for long-term success in trading.

💡 Learn how to program your own trading strategy using algo wizard, export it to mt4, and run a backtest for long-term profitability.

📈 Create a trend following strategy with a 100 period exponential moving average and a 14 period RSI, along with risk management rules.

📈 Use Algo Wizard to create trading strategies without coding knowledge.

💡 Simple strategies are more robust to changing market conditions.

⚙️ Add variables like magic number and use technical indicators like EMA and RSI.

📈 The EMA is used as a trend filter in the trading strategy.

⏰ Shifting the evaluation of the EMA allows for flexibility in time.

🔍 Incorporating multiple time frame analysis improves the win rate.

💡 This video explains how to create and backtest an EMA + RSI trading strategy without coding.

📊 The video teaches how to choose and set up entry conditions, including using the RSI as a pullback filter.

⏰ It also demonstrates how to add an intraday time filter to only trade during specific hours of the day.

⭐️ Learn how to program and backtest your own EMA + RSI trading strategy without coding.

💡 Set up entry methods, such as defining the stop loss and profit target.

🔄 Create a short-side strategy by duplicating the long-side strategy and flipping the logic.

💰 Export the strategy to your trading platform and select the appropriate money management method.

🎯 Open the NT4 platform, refresh expert advisors, and configure parameters correctly.

⏩ Choose the appropriate testing mode and consider using real ticks for high-frequency scalping strategies.

🔍 Run the strategy in visual mode to check for bugs, download sufficient price history, and adjust chart settings.

📊 Use the strategy tester to backtest and visualize your EMA + RSI trading strategy.

🔍 Add relevant indicators to your chart and save them as a template for future use.

📈 Review the list of trades, equity curve, and performance statistics to analyze your strategy's profitability.