ASX WTM - Exploratory EMA Strategy: 30-Min Back-TestThis script implements a simple EMA crossover strategy for backtesting purposes on 30-minute intervals. It uses the following parameters:
Entry Signal: Triggered when the 118-period EMA crosses above the 150-period EMA.
Exit Signal: Triggered when the 18-period EMA crosses below either the 118-period or 150-period EMA.
Backtest Results (6M):
Net Profit: 1,565.10 AUD (+156.51%)
Total Closed Trades: 2
Percent Profitable: 50.00%
Max Drawdown: 47.61 AUD (4.76%)
Average Trade: 782.55 AUD (78.26%)
These results are based on a 6-month period using 30-minute candles and should be taken with caution. This strategy performed well during this period, but past performance is not indicative of future results. Remember, this script is intended for back-testing and exploration only.
WTM trade ideas
Finer Market Points: ASX Top 10 Momentum Stocks: 4 Jul 2024NYSE:WTM ASX:AL3 XETR:ENR ASX:ACW PSE:RCR ASX:EZZ ASX:DRO NYSE:BIO GETTEX:M4M NYSE:HYT
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Waratah Minerals Limited (WTM)
AML3D Limited (AL3)
Encounter Resources Limited (ENR)
Actinogen Medical Limited (ACW)
Rincon Resources Limited (RCR)
EZZ Life Science Holdings Limited (EZZ)
DroneShield Limited (DRO)
Biome Australia Limited (BIO)
Macro Metals Limited (M4M)
Hyterra Ltd (HYT)