PM_EMA_Bouncer Strategy for Ninjatrader
New Setup : PM_EMA_Bouncer Strategy for Ninjatrader Hello everyone, we have a new setup to share with you. It is very easy to follow and can be considered as an "alternate version" of the PM_EMA . The PM_EMA is a trending setup. On this blog you will find several posts about it. We follow an EMA ( Exponential Moving Average ) and when price is far enough from it we are in Trade Ready condition. To measure the distance between price and EMA we use an envelope. The entry is a bounce at the EMA : The indicator painting the bars on these pictures is the TIS_EMA_Trader_Indicator, so it paints bars according to the trend, while PM_EMA_Bouncers trade against it. So; Blue Bars = Sell Stop at EMA+Offset Red Bars = Buy Stop at EMA-Offset The PM_EMA_Bouncer Setup uses the exact same logic to trigger the trade ready condition but early and in opposite direction , so by definition it is a Counter Trend System We can use an early entry that allows to t...