What are the recommended MACD scalping settings for cryptocurrency trading?
Budi Prih HastomoDec 15, 2021 · 3 years ago3 answers
I'm interested in using the MACD indicator for scalping in cryptocurrency trading. Can you provide some recommended settings for the MACD indicator that would work well for this strategy?
3 answers
- Dec 15, 2021 · 3 years agoAs an expert in cryptocurrency trading, I recommend using the following MACD settings for scalping: Fast EMA period: 12, Slow EMA period: 26, Signal SMA period: 9. These settings are commonly used and have shown good results in identifying short-term trends and generating buy/sell signals for scalping strategies.
- Dec 15, 2021 · 3 years agoWhen it comes to MACD scalping settings for cryptocurrency trading, it's important to consider the volatility of the market. You may want to experiment with different settings based on the specific cryptocurrency you're trading. However, a common approach is to use Fast EMA period: 8, Slow EMA period: 21, and Signal SMA period: 5. These settings can help you capture short-term price movements and make quick profits.
- Dec 15, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the recommended MACD scalping settings are Fast EMA period: 10, Slow EMA period: 21, and Signal SMA period: 9. These settings have been optimized for cryptocurrency trading and can help you identify potential entry and exit points for scalping strategies.
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