MACD and EMA Trading Strategy Back Tested with Bitcoin 5 Minute Chart: Does it work? (Full results)

Trade Pro's video claimed that MACD+EMA trading strategy performed very well. I wanted to test his assertion and see how it played out with Bitcoin. In this video you will find the backtest results with last 12 months data. Then I optimized the strategy to see if it works better. Afterwards I checked the optimized strategy against another time frame.
You will not only learn about this trading strategy but also find the complete python code with commentary. If you want to see the code in writing here's the link: thetradingmuse...
DISCLAIMER: We are not market professionals and are not liable for any losses taken in the financial markets. Everything we put out is for entertainment purposes only. Always do your own research and trade responsibly.

[@bugadada]

Good stuff, man, keep going

[@thetradingmuse1384]

Thanks, will do!

[@bugadada]

@@thetradingmuse1384 btw what's your thoughts about ninja trader strategies scripting features, have you used it? Or you just prefer python

[@thetradingmuse1384]

I like seeing the bowels of the programming so I prefer python.

[@lbarbarini]

SL and TP levels are incorrect. SL is last swing with an TP of 1.5R or 2 R.

[@thetradingmuse1384]

Yes. The SL and TP are absolute in the backtest here, not from the last swing.

[@MankeyMite]

Hey! Nice video! I Subscribed!
I know a little python, but I'm fairly new to coding, and I would love to run this test my self. Can you tell me what I do after i copy the code into python? What now? Thanks!

[@thetradingmuse1384]

You need the data first. Then you run the script via command line using "python script.py" or "python3 script.py".

[@qwertyuiop123-q7f]

I would look into setting a SL at x% away from last high or low swing. A 1% stop loss right now means something much different than 1% meant in a flat market. You can also look into ATR for stop loss and TP.
But i would look into a high low swing script, set SL x% away from last swing, then find a TP of 2:1 risk reward.

[@thetradingmuse1384]

We can try both stop loss and take profit approaches, in another video.

[@bens80smercedes]

Do you have an email or some way that we can get in contact?

[@thetradingmuse1384]

This would be the best way to contact me: thetradingmuse.com/contact/