What are the best settings for using Parabolic SAR in cryptocurrency trading?
Truong DatDec 26, 2021 · 3 years ago3 answers
I'm new to cryptocurrency trading and I've heard about the Parabolic SAR indicator. Can someone explain what the best settings are for using Parabolic SAR in cryptocurrency trading? How can I optimize its use to make better trading decisions?
3 answers
- Dec 26, 2021 · 3 years agoThe best settings for using Parabolic SAR in cryptocurrency trading depend on the specific trading strategy and the time frame you are using. Generally, a common setting is to use an acceleration factor of 0.02 and a maximum step of 0.2. However, it's important to note that these settings may not work well in all market conditions. It's recommended to backtest different settings and analyze the results to find the optimal parameters for your trading strategy.
- Dec 26, 2021 · 3 years agoWhen it comes to Parabolic SAR, there is no one-size-fits-all answer for the best settings. It really depends on your trading style and the specific cryptocurrency you are trading. Some traders prefer to use shorter time frames and more aggressive settings, while others prefer longer time frames and more conservative settings. It's important to experiment with different settings and find what works best for you based on your risk tolerance and trading goals.
- Dec 26, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, recommends using a Parabolic SAR setting of 0.02 for the acceleration factor and 0.2 for the maximum step. These settings have been found to work well for many traders on their platform. However, it's important to note that these settings may not be suitable for all traders and market conditions. It's always a good idea to test different settings and adjust them based on your own trading strategy and risk tolerance.
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