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using EMA

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Oct 24, 2011 10:24 am
#1
Champ User

გვერდები: 711
გაწევრიანდა: 17/05/2011

EMA is a very popular indicator in forex. I have tried to use different values with it. I want to ask the traders here about how they use it.

Do you use it with a mix of any other indicator? Which EMA u use and on what TF?

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Oct 24, 2011 03:08 pm
davidalfonsi Mirrorbeta

გვერდები: 162
გაწევრიანდა: 22/06/2010

I use EMA200 on every timeframe, specially on EURUSD. It really likes it! :)

Oct 25, 2011 06:25 pm
Champ User

გვერდები: 711
გაწევრიანდა: 17/05/2011

Originally posted by davidalfonsi

I use EMA200 on every timeframe, specially on EURUSD. It really likes it! :)



Yes 200 EMA is very popular as compared to other EMAs. Have u tried 20EMA?

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Oct 26, 2011 11:03 pm
davidalfonsi Mirrorbeta

გვერდები: 162
გაწევრიანდა: 22/06/2010

I have seen it works.. but it gives too many fake signals.. and the less indicators .. the better :)

Oct 29, 2011 06:05 pm
Sasha User

გვერდები: 836
გაწევრიანდა: 16/05/2011

EMAs are quick moving averages but their disadvantage is false signals. so actually 200 or 20 doesnt matter in giving false signals. Its all about how we use it. I think another indicator alongwith EMA is good to minimise false signal risk.

Oct 30, 2011 06:31 pm
Jogi User

გვერდები: 685
გაწევრიანდა: 06/06/2011

I have tried SMAs. But sasha is right that most of the time, right time of entry is already gone. EMAs give too many false signals which can only be avoided if used with another indicators.

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Oct 30, 2011 10:28 pm
davidalfonsi Mirrorbeta

გვერდები: 162
გაწევრიანდა: 22/06/2010

Overall I don't use indicators for directions, I just scalp the EMA200 since the price is likely to bounce on it. For the rest I use Fibonacci and Volumes analysis on the related futures (/6E, FXE, etc.)

Oct 31, 2011 04:20 pm
Champ User

გვერდები: 711
გაწევრიანდა: 17/05/2011

Fibonacci is one of largely used indicators. I never used it though but I am very interested in learning it.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Nov 01, 2011 09:56 pm

გვერდები: 939
გაწევრიანდა: 21/04/2011

I have used EMA 200 on different timeframes.

Stick to your rules

Nov 02, 2011 09:55 am
richdadfx User

გვერდები: 65
გაწევრიანდა: 16/10/2011

hey guys, would you mind sharing how you trade this EMA200 alone please? at the moment, price is 13pips below the 200EMA, should I go long or short?

EMA at 1.37632 and price @ 1.37502

Nov 05, 2011 06:28 pm

გვერდები: 939
გაწევრიანდა: 21/04/2011

It is actually used on different timeframes. There is another thread on fxstat about 3-duck system which is about using SMA. 200EMA is also used in similar way. We have to confirm the trend on different timeframes. In the example u quoted, price is below 200EMA but this information alone is not sufficient. You can check it on 4-hr, 1-hr and 15 min timeframe. If 200EMA is below price on all these timeframes, it shows upward trend. Similarly downward trend if 200EMA is above price.

Stick to your rules

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