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Answer:
That depends on your system. If your backtesting shows that moving averages don't give you good profitability, try tweaking the settings first. Don't ditch them right away! Those moving averages could still serve as excellent trend indicators. But maybe if you're using moving averages with another lagging indicator, it could be okay to ditch one of them because they'd give almost the same signals anyway. It might be better to pair that with a leading indicator, like the stochastics or RSI. Check out some examples of leading and lagging indicators here:
