Please fellow traders in the Forum! Kindly assist me with the best setup for ema that will give me consistent profits. Just to put me through so that I might have peace of mind to understand and know I have good people behind me in the Forum.
Don’t let all my efforts be in vain as I am counting on you people to be a good trader.
Thank you and God bless.
You can use an EMA as a simple filter for whether you should be long or short. For example, on whatever time-frame you are using, apply the 20EMA: then make sure that if the EMA is sloping upwards you are not short, and if it is sloping downwards you are not long. If this does not help, extend the period to 50, try again.
EMA’s are not a great entry signal, they are more useful for identifying trend and assessing its strength and consistency. The angle of slope is not relevant, only the direction of slope.
Start out by following Austin Silver fx on IG and YouTube, he has many videos you may view to assist you in your trading, he makes it very easy to understand there you will learn about the 5 EMA’s 8 21 50 200 and 800 and how to set them. You can thank me later…
200 EMA is pretty solid.
My EMA settings
200 100 trend
15 10 for entries