Hai seniors and experts ,
Can anyone guide me about best and profitable EMA crossover alongwith timeframe to be used , which works 70%-80% times .
Thanks a lot in advance.
I am referring Red coloured words.
First of all, decide which of the following you want.
1. Want to be right 70% of the time. you could be right 70% of the time, but there is no guarantee to make profit cumulatively as Risk Reward could be pathetic.
2. Want to make profit. This should be the goal of any trader. One should not strive to be right in trading decisions but should be profitable at the end.
Most of the profitable systems have success ratio between 30 and 50%. To trade such system, one should have deep pockets to withstand drawdowns and continuous losses. In the end you will make profits even if the strike rate is not good enough because its RR is favourable.