I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.
i dont really use emas because they lag alot i use pure price action (
P.A), but the only indicator i use is the
ART BANDS which this is for my
STOP LOSS and
TDI which is for confirmation, what i do is top down analysis from the daily timeframe then drop to 4 hour timeframe for
P.O.I (
point of interest) then use the 15 minutes timeframe for entry.
In addition, I did not employ EMA indicators in my trading strategy. Many traders use EMA to identify trends and to complement pattern strategies. Some of my acquaintances were using it, and it was really profitable. But it's slightly sluggish for me because it's simply based on the previous candles. As a trade setup, I simply use price action, confluence with RSI, and volume. I'm not very profitable with it, not because of strategy, but because I'm still dealing with my emotions while trading. I believe all of the strategies are working, but not with all traders.