Your method seems to involve using a slow ema to gauge price direction, and a faster ema from which to derive two envelopes, with long entry when price crosses up through the high of the inner envelope and a long target at the high of outer envelope, and exit if price crosses below low of inner envelope. Vice versa for short entry. Thats what you seem to be basically doing but with some variations. You also choose the parameters of that method, which are the periods of the two moving averages and also the two bandwidths of the envelopes - a total of four parameters. For day trading the period over which you are trading would be another issue, but maybe you don't consider that to be the case. You seem to be selecting the parameters of your method by trial and error with manual trading of past data.
From what you say you have had some success in trading but what makes you think that the process just described will lead to further success? I'd expect that adjusting the parameters of your method by backtesting based on manual trading over a very small data set is the cause your frequent tweaking of the method. I'd also expect that if the parameters of your method were selected by backtesting over some old data and walking it forward over new data, with some adaption of the parameters, and perform that process over several years of data then you would almost certainly see that the method you are using would not be successful in the long run.
If you are successful trading then it suggests to me that you are not following your method precisely and are instead using the moving averages and envelopes as a guide - your own personal head up display - relative to which price is moving. In which case why do you bother continually tweaking your method?
Well, it's confusing but I'll try to clear it up.
50ema is just a over all market sentiment, just a confidence booster, don't worry too much about that.
20 Envelope, that cauges short term direction, if it's going up then look for entrys to join the up, if it falls out of the bottom then look to take thy loss and switch directions when an affordable risk is offered.
BB 20 2.3% removes the need to vary the 20 Envelopes width for chop, only useable with a sideways 20sma and / or 50ema supporting direction.
envelope 6ema 0.03% that's a break out and join after or while travelling from BB to BB scalper entry.
It's looking very promising, need some live trades, but no interest in making any big changes to method, don't expect it to hold up for years without some tweaking.
Just old enough and wise enough to make an average method profitable vaguely, but searching for an above average method which is hugely profitable.
No Live Trades on this method yet, too busy, too much crap going on, backtesting well, live paper trades looking good, confidence to take live trades not there yet ( A Paper trade, is a trade I saw but didn't take, so I score for confidence )
Trying to retrain the brain to not reject good trade setups, on the basis they could fail and they look kinda weak/scarey or mid move.
Full time, wasn't quite ready ended up working March so look to try again start April, if it goes well I'll avoid work and look to take out $2K end of May wage, if not I'll have to take on work and try again May!! Gives me a week to progress to Live trading status via this method!!
LIFE!! just gets in the way!!
, had zero trading time or ever watching time today, drove 160miles in a 1.1 C3 fart box, slight hill down to 4th oh make that 3rd, ohhhh lost too much speed 2nd, lorry on upward dual track hmmm no drop back before I get squished.