Hi There,
regarding using your settings...
Its not easy at all!. But we cannot say that it doesn't work because I'm sure you know there traders that is using it or have it integrated in their strategy within this forum as in others.
The question is to how can we better timing the entries with such a strategy...
Maybe if we can use a different strategy to enter the trade earlier then monitor it using other strategies like EMA/SMA to exit should be a case to be made in this thread.
Keep in mind that not all charts react the same to a certain strategy. Some have huge spikes which will make almost impossible for EMA to trade with it.
Though some charts actually make very little spikes and can be traded with the EMA strategy very well.
The problem with the EMA strategy is getting in too late and getting out too early....but I really think if we put our heads together we can figure this out to some degree how to land better entries or exits with other product available in this forum.
You could use EMA to help you do the exits for sure. There are many indicators out there that people say are great, and they look great, but in reality you won't be profitable with those.
Like someone that 'Pm' me the other day mentioned to me that [I quote him] "Yes, there is a lot of garbage, but more or less
working specimens are found.
Good Point though
Jessy.