Question: What is the Best Setting to configure the stochastic?
Question: What is the Best Setting to configure the stochastic?
Answer
Stochastic adjustment is made according to your trading style, however it is advisable to use a long periodicity and if possible a slow stochastic to avoid false signals.The best stochastic setting or the one most used by traders is the one based on the following settings: - stochastic (5,3,3) for the short term.- stochastic (14,3,3) for the medium term.Some traders also use the following settings: (13,3,3), (21,3,3), (34,3,3) and (55,3,3) trading stations such as metatrader MT4, MT5 or trader workstation is 14,3,3.