Day Trading Strategy (Clean Signals)

This strategy is designed for day trading, using a classic Exponential Moving Average (EMA) crossover system to find short-to-medium term trading opportunities. It plots a fast 8-period EMA (orange) and a slow 21-period EMA (blue). A "BUY" signal is generated and a long position is entered when the fast EMA crosses above the slow EMA, first closing any existing short position. Conversely, a "SELL" signal is generated and a short position is entered when the fast EMA crosses below the slow EMA, closing any existing long position. All trades use 10% of the account equity. The strategy visually marks these signals on the chart with green "BUY" triangles below the bars and red "SELL" triangles above the bars. Additionally, it can trigger alerts for both buy and sell signals, making it suitable for active traders looking for clear, trend-following entry and exit points on lower timeframes.