What are the recommended stochastic settings for short-term trading on cryptocurrency exchanges using 1 minute chart data?
Rasch GeorgeMay 09, 2021 · 4 years ago3 answers
I am looking for the best stochastic settings to use for short-term trading on cryptocurrency exchanges using 1 minute chart data. Can you provide any recommendations?
3 answers
- Trigo BrookenMar 10, 2022 · 3 years agoWhen it comes to short-term trading on cryptocurrency exchanges using 1 minute chart data, the recommended stochastic settings can vary depending on your trading strategy and risk tolerance. However, a commonly used setting is a 14-period stochastic with a %K period of 5 and a %D period of 3. This setting allows you to capture short-term price movements while still providing reliable signals. Remember to combine stochastic analysis with other technical indicators and consider market conditions before making trading decisions.
- Gustafsson ConnellNov 26, 2024 · 8 months agoFinding the right stochastic settings for short-term trading on cryptocurrency exchanges using 1 minute chart data can be a bit of a trial and error process. It's important to experiment with different settings and see what works best for your trading style. Some traders prefer a shorter %K period of 3 or 4, while others find a longer %K period of 7 or 8 to be more effective. Similarly, the %D period can be adjusted to suit your preferences. Don't be afraid to test different combinations and analyze the results to find the optimal stochastic settings for your trading strategy.
- najim KhanJun 30, 2025 · a month agoBYDFi, a leading cryptocurrency exchange, recommends using a 14-period stochastic with a %K period of 5 and a %D period of 3 for short-term trading on cryptocurrency exchanges using 1 minute chart data. This setting has been found to provide reliable signals and capture short-term price movements effectively. However, it's important to note that the optimal stochastic settings can vary depending on individual preferences and market conditions. It's always a good idea to backtest different settings and adjust them based on your trading strategy and risk tolerance.
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