200 ema litecoin
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We will use an expert advisor that relies on MACD trading strategy together with the 200 exponential moving average. The 50 EMA would commonly be used by traders who prefer a single strategy for both short and long-term predictions. In today’s video, we test the popular MACD + 200 EMA Trading Strategy, this strategy is extremely popular among Forex and the stock market and it has already been tested on this channel previously.
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Place a stop loss a few pips above the highest point of the entry candlestick, approximately between 15-20 pips.īoth the 50 EMA and 200 EMA strategies have their own purposes.Place a sell order a few pips below the lowest point of the entry candlestick, anywhere from 10-15 pips.The candlestick that is formed after the price breaks the 200 EMA point is your entry candlestick.Watch the market and wait for the price to cross the 200 EMA from above the line.You should also place a stop loss a few pips below the lowest point of the entry candlestick, approximately 15-20 pips.Place a buy order a few pips above the breakpoint of this candlestick, anywhere from 10-15 pips.
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#200 EMA LITECOIN HOW TO#
In this article, we'll discuss how to make use of the EMA periods individually, starting with the 50 EMA. Many traders utilize them individually or simultaneously in their trading system. EMA is slightly different than a Simple Moving Average (SMA), in which it puts more significance on the more recent prices so the indicator is known to be more responsive and faster-moving than the SMA.Īmong the many periods of EMA, the 50 and 200 EMA are the most popular ones. It is a technical indicator tool that moves along with the price movement and identifies the trend direction. These 50 EMA and 200 EMA trading strategies are good examples of that.ĮMA stands for Exponential Moving Average. Setting up a good trading strategy doesn't have to be complicated.