Now this is my second contribution to our new Group Trading subforum, but don't go thinking that just because it's automated and that I programmed it from scratch means that this entire forum is devoted to automation or self-derived methods. Because it isn't. :)
This method is named Hurley, mainly because I'm a big Lost fan.
The idea with Hurley is pretty straightforward. We use an EMA for trend, and then we use CMO and APZ for pullbacks. It has three targets, each individually controllable for position sizing as well as individual targets. You can also control breakeven stops.
Hurley will take a long position when price has pulled back to an APZ (Adaptive Price Zone) band, the CMO is on the right side of 0 (neutral), and the EMA is still heading in the right direction.
Hurley produced the following on a 1-year backtest (5m dataseries):