What is the best period to set for EMA?

Philus · February 9, 2020, 2:07pm

Guys please help out in trying to set an efficient period for EMA. any ideas?

tommor · February 9, 2020, 2:11pm

Its just like the accelerator on your car. There’s no correct speed for everybody on every road, it depends what you want to do, how many decisions you want to make and how fast you want to arrive at them. Make sure the strategy suits you and how you want to trade, make sure its actually rational and profitable, then let your strategy tell you the EMA period.

ProfesorPips · February 9, 2020, 2:40pm

Hi, remember, EMA period can be different for every time frame. Regards Greg

Lang15 · February 9, 2020, 2:52pm

Depends on what you want it show ie is it a filter then the 200, 89 or 50 are good (above long only below short only) as a trailing stop 20 & 34 or if looking for a trigger to check the chart a 8 or the T line.

A EMA is only 1 part of the puzzle in an overall plan of action and can be used in many ways. Sorry there is no one fits all solution

Kind Regards

Langers

Philus · February 9, 2020, 2:53pm

Thanks bro

Philus · February 9, 2020, 3:11pm

Thanks bro

FauxLife · February 10, 2020, 1:47am

1200 on the 1 min chart

nah, just remember it’s a time relationship so you can view higher time frame trends on lower times by adjusting accordingly. 1440 minutes in a day, so a 1220 on a 1 min would be the same as 50 on a 15 min. 120 on a 1h chart would give you 5 days average. 20 on a daily is 1 month of trading days…etc.