Best Intraday Trading Moving Average Setup for US30(Wall Street 30) Index

#1
Hi All,

I have been trading US30/Wall Street 30 Index by using EMA Moving Average Crossover, but I get quite a lot of false signal. I would appreciate if someone could give me some advise on determining the false crossover.

My setup is

EMA(10 period), EMA(20) and EMA(50) with 5 minute timeframe

I enter market only when both EMA(10) & EMA(20) crosses the EMA(50) line.

Thank you.
 

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