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TagsWhat are the recommended indicator settings for optimal trading performance on the Binance apps for cryptocurrencies?
Umman MammadovDec 16, 2021 · 3 years ago1 answersI'm looking for the best indicator settings to improve my trading performance on the Binance apps for cryptocurrencies. Can you recommend any specific indicator settings that have been proven to be effective? What indicators should I use and what settings should I apply to maximize my profits?
1 answers
- BYDFi, a popular cryptocurrency exchange, recommends using a combination of indicators for optimal trading performance on the Binance apps. Some commonly used indicators include the Moving Average (MA), Bollinger Bands (BB), and the Stochastic Oscillator. The MA can help identify trends and support/resistance levels, while the BB can indicate volatility and potential price breakouts. The Stochastic Oscillator can help identify overbought and oversold conditions. As for the settings, it's recommended to use the default settings for these indicators and adjust them based on your trading strategy and preferences. Remember to always backtest your indicator settings and analyze their performance before applying them to live trading.Dec 16, 2021 · 3 years ago
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