What are the best MACD settings for scalping digital currencies?

5 answers

• Snedker MadsenFeb 19, 2021 · 4 years ago
  When it comes to MACD settings for scalping digital currencies, there is no one-size-fits-all answer. It depends on the specific digital currency you are trading and your trading strategy. However, a common approach is to use shorter time periods for the MACD settings, such as 12, 26, 9. This can help capture short-term price movements and generate faster signals. It's important to note that MACD is just one tool and should be used in conjunction with other indicators and analysis techniques for better decision-making.
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• Niya JamesJun 28, 2022 · 3 years ago
  Finding the best MACD settings for scalping digital currencies can be a trial-and-error process. It's recommended to start with the default settings of 12, 26, 9 and then adjust them based on your trading style and the specific digital currency you are trading. You can experiment with shorter or longer time periods to see which settings work best for you. Additionally, consider combining MACD with other indicators like RSI or Stochastic Oscillator to get a more comprehensive view of the market.
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• Gu WeiOct 31, 2020 · 5 years ago
  BYDFi, a popular digital currency exchange, suggests using MACD settings of 5, 35, 5 for scalping digital currencies. This combination of shorter time periods can help identify short-term trends and generate quick trading signals. However, it's important to note that MACD settings can vary depending on the market conditions and individual preferences. It's always recommended to backtest different settings and analyze their performance before implementing them in live trading.
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• stephaniescornish34iOct 18, 2020 · 5 years ago
  The best MACD settings for scalping digital currencies can vary depending on the market conditions and the trading style of an individual. Some traders prefer shorter time periods like 5, 13, 1 for faster signals, while others may opt for longer time periods like 21, 55, 8 for more reliable signals. It's important to find the settings that align with your trading strategy and provide consistent results. Remember to consider other factors like volume, price patterns, and support/resistance levels when using MACD for scalping digital currencies.
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• CarieArieJun 18, 2024 · a year ago
  MACD settings for scalping digital currencies can be subjective and vary from trader to trader. Some traders prefer shorter time periods like 5, 10, 3 for faster signals, while others may use longer time periods like 20, 40, 10 for more reliable signals. It's important to experiment with different settings and find what works best for your trading style. Remember, successful scalping requires a combination of technical analysis, risk management, and market experience.
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