Are there any specific stoch rsi settings that work well for identifying profitable crypto trades?

3 answers

• PhantasmaFeb 13, 2021 · 4 years ago
  As an expert in crypto trading, I can tell you that the stoch rsi indicator can be a useful tool for identifying profitable trades. However, there is no one-size-fits-all setting that guarantees success. It's important to consider the specific market conditions and the time frame you are trading on. Experimenting with different stoch rsi settings and backtesting your strategies can help you find the optimal settings for your trading style and goals. Remember to also consider other indicators and factors when making trading decisions.
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• Pappas AvilaMay 08, 2023 · 2 years ago
  Finding the right stoch rsi settings for profitable crypto trades can be a challenge. It's a matter of trial and error to find the settings that work best for you. Some traders prefer shorter time frames and more sensitive settings, while others find success with longer time frames and less sensitive settings. It's important to understand that the stoch rsi is just one tool among many in your trading arsenal. Don't rely solely on this indicator, but use it in conjunction with other technical analysis tools and market research to make informed trading decisions.
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• Marcell TakácsSep 01, 2020 · 5 years ago
  Based on my experience at BYDFi, we have found that using a stoch rsi setting of 14, 3, 3 works well for identifying profitable crypto trades. This setting provides a good balance between sensitivity and reliability. However, it's important to note that this setting may not work equally well for all cryptocurrencies and market conditions. It's always a good idea to backtest different settings and adapt your strategies based on the specific assets you are trading.
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