3/7 EMA?

     
I get quite a lot of die hard fans of EMA 3/7 telling me how many hundreds of percent they have made in a short period of time.  Yes, you know who you are, don't be shy to admit! 

I'll post the backtested result here for your reference and feel free to correct me if I am wrong.  I know the die hard fans will claim that they are trading intraday, my advice?  Good luck!  You'll definitely need it.  To be fair, it is still a profitable system albeit a mediocre one, provided that your commissions and slippage is extremely low.

Here it goes...(Backtested parameters: Bursa FKLI EOD Jan 1996- Sep 2009, Stop-and-Reverse with basic 1 contract)

And as usual....
Disclaimer: Taken from CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

AND

WHATEVER YOU READ HERE SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS ARE YOUR OWN RESPONSIBILITY.