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Posted
a basic MA cross is never going to work long term. maybe a heavily optimised setting might work short term.

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

  • 2 months later...
Posted
I found out that most EMA cross EA have a stop loss and take profit set.. Can anyone please help on how to enter buy signal when fast EMA cross slow EMA without stop loss & take profit. Open trade will only be close when slow EMA cross fast EMA and at the same time enter a sell position. I try to do that but the open position won't close.... Might work pretty well in DAY time frame.
Posted

That's the only time frame EMAs work in is daily. Stronger signals there and you are less likely to suffer wild swings (as most trade activity goes within an average range typical of the pair) You can do H4 as well and it works well enough as long as you confirm daily trends

 

Best thing to do is use EMAs of fibonnaci numbers. 3, 5, 8, and 13 are good ones.

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