What are the recommended stochastic settings for short-term trading on cryptocurrency exchanges using 1 minute chart data?

3 answers

• Trigo BrookenJul 13, 2020 · 5 years ago
  When 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.
  531

  266
• Gustafsson ConnellMay 21, 2024 · a year ago
  Finding 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.
  583

  195
• najim KhanJan 24, 2022 · 4 years ago
  BYDFi, 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.
  569

  143