Ive been doing a bit of an excel comparing the daily to weekly setups. Not near to finished yet it will probably take me a few months but in terms of preliminary results the weekly is an incredibly strong setup. Ive been using the 15 and 21 ema cross as an exit for the weekly setups (random yes but they seem to keep you in the trade long enough, not stopping out before the trend is over) and just 9 and 13 for the daily. The daily (accounting for losses too) return an average of 82% and an average of 2 months in a trade. The weekly setups are currently returning 600% over about a year and a half on average!.
Throughout the testing Ive been messing with the emas, particulary the weekly as stated. Its very common to see these setupds launch from the 200/65 EMA and dip no lower than the 21 EMA except when the trend is nearing an end.
The 21 EMA seems very effective as a tracking tool for weekly breakouts, any dip below them and you should be looking for an exit. And I also think that the 200 EMA needs a bit more of a look into, I think it has its uses but it can limit the amount of breakouts if you add that in as a condition.
