Here is the simple,popular and classical positional EMA strategy that works good in a very good volatile market. In this strategy for positional longs and shorts we use the 70/1030 EMA crossover to take buy or sell decisions.
USED Moving Average Crossovers : 1030min EMA & 70 min EMA
Charts Used : 5 day Charts, 5 min Bars
Go Long Rules
If The faster line (red ) goes above the green, close shorts & immediately go long.
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Go Short Rules
The faster line (red ) goes below the green, close longs & immediately go short.
No other Indicators Needed… Works Well Especially in Volatile Times
Stop Loss
An initial acceptable range for the stop depending on your comfort level can be put. As the Nifty moves in your direction , immediately put the the stop at the purchase price + brokerage as soon as possible.
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Dear Sir , where i got stock chat . i m not trade in nifty . Also define me this line (Its good to Catch the stock/Index at 5 EMA low- EOD with stop loss below 5 EMA-High)
Dear Mr Rajandran,
How to setup 5 min, 13 min , 70 min 1030 min EMA in Amibroker ? Please guide