Strategy Myth-Busting #2 - Braid Filter+ADX+EMA-Trend - [MYN]

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This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously.

Our second one we are automating is the "Braid Filter: The Indicator That Will Make You a Fortune ( Crazy Win Rate ! )" strategy from "TradeIQ" who claims to have backtested this manually and achieved 453% profit with a 75% winrate over 100 trades in just a few months. I was unable to emulate these results accommodating for slippage and commission but this strategy does fair pretty well at least compared to the first one we automated.

If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.

This strategy uses a combination of 3 open-source public indicators:

• Braid Filter by Robert Hill
  
• CM_EMA Trend Bars by Chris Moody
  
• ADX and DI for V4 by Trend Bars by BeikabuOyaji
  

Trading Rules
15 min candles but other time-frames seem to work well too.

Long
1) Buy Price action above moving average. (bars are green)
2) Braid filter must issue a new green bar
3) ADX must be above the 20 level and be pointed up, If flat or downwards, don't enter trade (adjust ADX Slope to increase/decrease the incline of the slope)
4) Stop loss at the moving average or recent swing low.

Short
1) Buy Price action below moving average. (bars are red)
2) Braid filter must issue a new red bar
3) ADX must be above the 20 level and be pointed up, If flat or downwards, don't enter trade (adjust ADX Slope to increase/decrease the incline of the slope)
4) Stop loss at the moving average or recent swing high.

Target 1.5x the risk