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favorite stoch settings?


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favorite stoch settings?

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madLyfe's Avatar
 madLyfe 
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ones that ive always used are 2,5,3 and 3,14,3.. what ones do you guys fancy?

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snowbird123
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madLyfe View Post
ones that ive always used are 2,5,3 and 3,14,3.. what ones do you guys fancy?

I use 8,17,9 a lot, they have been pretty good for me.

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 monpere 
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madLyfe View Post
ones that ive always used are 2,5,3 and 3,14,3.. what ones do you guys fancy?

Unless a trader tells you exactly why he uses the parameters, and exactly how he trades with them, including time frames and money management, then those numbers will generally be meaningless to another trader. I can tell you that I successfully use 8,9,13, but I can also almost guarantee you that these numbers will send most to the poor house, because I've tuned these parameters to trade in a specific way. If one trader uses a set of parameters to trade reversals for 3 ticks targets, it will probably be horrible if another trader trades them for 50 ticks breakouts.

So, other traders parameters are not going to help. What will help is understanding what the indicator does, and how each parameter affects the behavior of the indicator. What I did was, I spent hours playing with the parameters, changing them each, one at a time, and seeing what the resulting behavior was, i.e how fast did the transition from overbought to oversold change, how long did the lines spend in overbought/oversold regions, how smooth was each line, how sharp where the reversals, how many divergent signals were produced, etc. Then you will be able to adjust the parameters to fit your trading style.

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snowbird123
Dallas, Texas
 
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monpere View Post
Unless a trader tells you exactly why he uses the parameters, and exactly how he trades with them, including time frames and money management, then those numbers will generally be meaningless to another trader. I can tell you that I successfully use 8,9,13, but I can also almost guarantee you that these numbers will send most to the poor house, because I've tuned these parameters to trade in a specific way. If one trader uses a set of parameters to trade reversals for 3 ticks targets, it will probably be horrible if another trader trades them for 50 ticks breakouts.

So, other traders parameters are not going to help. What will help is understanding what the indicator does, and how each parameter affects the behavior of the indicator. What I did was, I spent hours playing with the parameters, changing them each, one at a time, and seeing what the resulting behavior was, i.e how fast did the transition from overbought to oversold change, how long did the lines spend in overbought/oversold regions, how smooth was each line, how sharp where the reversals, how many divergent signals were produced, etc. Then you will be able to adjust the parameters to fit your trading style.

You are 100% correct, I like the settings of 8, 17, 9 for a 5 minute chart and a daily chart. I usually look for divergences with the indicator as it can help spot market turns.

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Last Updated on March 4, 2012


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