Topic: Is the backtesting of this strategy possible?
It seems that backtesting this strategy is not possible, or is it because am a newbie?
It is meant to be a simple logic....I want to enter a trade after a daily candle crosses under/above a 14 EMA.
Then, as long as the price stays under/above the MA, there will be trades on a daily basis.
For example, the price crossed the EMA today downward, then I sold and close at the end of the day (whether profit or loss), then the following day (since the price is still under), I sold again....and close at the end of the day...this continue everyday.... until the price moves above the EMA.
What I have achieved so far is that the once price crosses the EMA, it just triggers the first trade, without continuing to make the trades on daily basis.
Please do you get my point?
I will really appreciate the response of intelligent people on this forum...