What are the best MACD settings for day trading cryptocurrencies?

3 answers

• Jan 20, 2022 · 3 years ago
  The best MACD settings for day trading cryptocurrencies can vary depending on the specific cryptocurrency being traded and the market conditions. However, a common approach is to use the default settings of 12, 26, and 9. These settings provide a good balance between responsiveness and reliability. Traders can also experiment with different settings to find what works best for them. It's important to note that MACD is just one tool among many, and traders should consider using it in conjunction with other indicators and strategies for a comprehensive trading approach.
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• Jan 20, 2022 · 3 years ago
  Finding the best MACD settings for day trading cryptocurrencies is not a one-size-fits-all solution. Different traders have different preferences and trading styles. Some traders may prefer shorter-term settings, such as 5, 13, and 9, for more frequent signals, while others may opt for longer-term settings, such as 21, 55, and 9, for more reliable trends. Ultimately, it's important for traders to backtest different settings and find what works best for their specific trading strategy and risk tolerance.
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• Jan 20, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the MACD settings of 8, 17, and 9 for day trading cryptocurrencies. These settings have been found to provide reliable signals and help traders identify potential entry and exit points. However, it's important to note that the effectiveness of MACD settings can vary depending on market conditions and individual trading preferences. Traders should always conduct their own research and experimentation to find the settings that work best for them.
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