I run sierra charts witch sends me an email when there is a crossover. Got an app on my phone witch detects the email form sierra charts and sounds an alarm.
Full automation is always risky because it can't detect false crossovers.

In a situation like this it is possible you have like 2/3 crossovers. An automated system would trade on every crossover and this is would lose your money.
But ofcource if you make the system smart enough there is no problem

Bot would detect it, then wait for the next candle to confirm. As you (a human) would.

You would manage risk with volume. Decision making would be a simple Boolean statement.

EMA10 > EMA21
True -> Buy
False-> Sell

The method I'm testing out is scaling in after a big move.  The next cross over I trade 1X, then 2X, then 3X, then 4X, etc. until there's another large, profitable move.  Then I go back to 1X.

+1 to this. Nice idea. Let us know how it goes

How do you determine what's large enough to be considered a "profitable move"?  Is that the only condition that will reset the multiplier?

Hi Goomboo, thanks so much for posting this epic thread. I am relatively new to all this, so please excuse my ignorance if my questions are a bit basic. I would really like to ask them though, as I am determined to never use a method which I do not fully understand.

Firstly, the exponential moving averages; the values are 10 and 25. But 10 and 25 what? Is it, as I suspect, 'ticks' which to my understanding is the time period which you select - in this case hours?

Secondly, you mentioned in your original post about checking for liquidity. I understand that this means that you want to make sure there is enough capability of movement in the market such that you don't end up posting a buy or sell order which takes a large amount of time to be accepted, exposing you to the risk of market movement against you in the meantime. Could you please explain how you read the charts related to the website that you linked to in order to determine if there is sufficient liquidity to cover your moves?

I am in BTC more for the fun aspect and because I believe in the technology than to necessarily make a large profit; I have only invested a small amount which I can afford to lose. But I sincerely hope I can make a nice profit so I can give you a generous tip not only for your great advice, but also for your general ethos; one thing I have noted about this site is that people are almost jumping of the roof of the exchange cracking champagne bottles just about every few minutes depending on the market. It's really refreshing to hear from someone with a level head and real world experience.

Cheers.

It is a zero-sum game out there, which means if you lose your money someone is taking it.  Go read this whole thing before starting.

Also.  Did the EMA10/21 crossover fail to catch the move up to $5?

Haha, I've never seen anything describing this forum more accurately, spot on, dude, spot on.