NEP 1D 200EMA TRAILING STOP LOSS
How can I use Exponential Moving Averages (EMA) to trail your Stop Loss?
The exponential moving average provides us with great areas of dynamic support and resistance levels. This information is especially useful for traders that are placing stop loss (SL) orders.
Rather than using static levels for your stop loss, you can trail your SL above/below a relevant EMA. As an aside note, make sure you always use a buffer for your SL to account for the inevitable false breakouts.
Here is an example:
The exponential moving average provides us with great areas of dynamic support and resistance levels. This information is especially useful for traders that are placing stop loss (SL) orders.
Rather than using static levels for your stop loss, you can trail your SL above/below a relevant EMA. As an aside note, make sure you always use a buffer for your SL to account for the inevitable false breakouts.
Here is an example:
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