I am always seeing conflicting viewpoints when it comes to MA crossovers. On the one hand, people say they are great for beginning traders as they are simple to understand, effective, and there is not much you can screw up. On the other hand, people say by the time a crossover happens, most of the move has transpired and your risk for a losing trade is higher because of this.
I was reading an article in Forbes about a professional trader (stocks) who uses moving average crossovers, and I found that surprising given that most traders claim them to be for newbies only who usually end up graduating to more refined approaches.
My other thought is in regards to time frames. Take, for instance, a 5/10 EMA crossover. Assume entry on one cross, exit on opposite cross... Are you more likely to achieve success on a Daily TF than you are a 15M TF?
So what say you FF?
I was reading an article in Forbes about a professional trader (stocks) who uses moving average crossovers, and I found that surprising given that most traders claim them to be for newbies only who usually end up graduating to more refined approaches.
My other thought is in regards to time frames. Take, for instance, a 5/10 EMA crossover. Assume entry on one cross, exit on opposite cross... Are you more likely to achieve success on a Daily TF than you are a 15M TF?
So what say you FF?