Strategies / Trend / WaveTrend EMA Pullback Trend

WaveTrend EMA Pullback Trend

Buys in an uptrend above the 150-period EMA when WaveTrend crosses up from oversold and price reclaims the 50-period EMA after a pullback. Stops sit 4 times the 11-period ATR and targets 2 times it from entry.

TrendLong & shortIntradayDow Jones15 min

1.78Profit factor

3,570Net profit EUR

73.98%Win rate

123Trades

-760Max drawdown

29.02Avg trade

Best run of 10. Dow Jones, 15 min, spread 3, from run pf:2026-10-12-DOW30-15m.tsv:1.

Entry rules, long

Close is above the 150-period EMA.
The signal line is below 0.
The 71-bar average of the candle body position, minus 1.5, is above 0, and no bar in those 71 has zero range.
Close crosses up through the 50-period EMA after 3 closes above it, in bars 2 to 4, 5 to 7 or 8 to 10.

Entry rules, short

Close is below the 150-period EMA.
The signal line is above 0.
The 71-bar average of the candle body position, minus 1.5, is below 0, and no bar in those 71 has zero range.
Close crosses down through the 50-period EMA after 3 closes below it, in bars 2 to 4, 5 to 7 or 8 to 10.

Exit rules

The target sits 2 times the 11-period ATR from entry.
No other exit is used.

Test conditions

Period	Up to 2026-10-12
Instrument	Dow Jones, 15 minutes
Spread	3 points
Starting capital	1,000,000
Costs	Spread only. Commissions and overnight financing are not included.
Bars	Up to 200,000 bars, fewer where the instrument has less history
Last tested	2026-10-12

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
Dow JonesBest run	15 min	1.78	123	73.98	3,570 EUR	-760
Nikkei 225	1 hour	n/a	69	68.12	2,547 USD	-2,443
Dow Jones	4 hours	n/a	8	87.50	2,360 EUR	-824
Silver	1 hour	n/a	83	71.08	1,965 USD	-1,828
Nasdaq 100	1 hour	n/a	86	69.77	1,488 EUR	-825
Nasdaq 100	4 hours	n/a	34	64.71	1,444 EUR	-933
S&P 500	Daily	n/a	15	86.67	1,019 EUR	-190
Dow Jones	2 min	n/a	170	68.82	864 EUR	-767
Brent Crude	1 hour	n/a	49	71.43	726 EUR	-600
Brent Crude	4 hours	n/a	13	76.92	697 EUR	-326

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// WaveTrend EMA Pullback Trend
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Trend
// Direction: Long & short
// Timeframe tested: 15 minutes
// ==============================================================

DEFPARAM CumulateOrders = false

ONCE ci = 0
ONCE sl = 0
ONCE tp = 0

ap = TypicalPrice
esa = ExponentialAverage[14](ap)
dd = ExponentialAverage[14](abs(ap - esa))

49 more lines: the entry and exit rules.

Setup

How to load it

Copy the code with the copy button on the code block.
In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
Paste the code, give the system a name and save it.
Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

ATRCCIEMASMA

Read this firstKnown weaknesses2 points

Results include the spread only. Commissions and overnight financing are not included.
The code is published as it was backtested and has not been compiled again since.

Questions

About this strategy

Can I run WaveTrend EMA Pullback Trend in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 10 market and timeframe combinations. The best run was Dow Jones, 15 minutes, with a profit factor of 1.78 over 123 trades.

How large was the drawdown?

The best run had a maximum drawdown of 760 EUR at the tested position size, against a net result of 3,570 EUR.

Does it trade long, short or both?

It trades both long and short.

Trend Surfer

Uses the same indicator.

1.04 PF · 10,813 trades

Turtle Trade

Best run on the same market, Dow Jones.

2.42 PF · 6,324 trades

SuperTrend Uptrend Flip Long

Also a trend strategy.

1.78 PF · 134 trades

Get the full rules, the complete code and the ProRealAlgos portfolio as a member.

Copy trading on US indices is available to ProRealAlgos members as spots open.

Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.com Stats Docs