Stochastics Settings

Hey guys I was wonder if you guys could tell me whcih stoch settings you use on your charts and what are the advantages/disadvantages of these settings.

On my forex.com charts the default is set at (14,3,3), is this the standard setting most people use? Any advice would be great. Thanks

Anyone??

I think you're not getting much of an answer because, really, it doesn't matter what settings you use.

The trick to trading in Forex is to develop a system you can trade, with your own rules. What that implies is that you learn the behavior of price action relative to the indicators you use. You could be as successful as I am using stochastic, even though we might have completely different settings.

So, pick a setting and then learn how the price action works relative to those settings. Discover some common patterns and you're on your way to creating a system that works.

stockwet

Thank you kindly for your response. If you dont mind me asking what settings do you perosonally use for Stochs?

Hey Buddy,

I use 9,3,3.

http://www.incrediblecharts.com/tech...indicators.htm

Check this link, great info on indicators and everything to do with trading.

Best of trading to you

Back in the days when I used STO, I used 5,3,3. I would Draw trend lines and they tend to corespond to a change in the direction of the price.

See how a break in the trend line of the STO aligns with a change in price...

I generally do not use STO though these days.

Thanks Scott

Hey Crestwind,
There are 2 stoch. indicators in my charting (1) Slow Stoch & (2) Stoch Oscillator.
I personaly use Stoch oscillator %k=5, %D=5 & Slowing/period= 8 works good.

Try it out and let me know.
happy pipping.

Thank you all for your responses, they are helpful.

Crestwood...

8,3,3

Come visit our thread... forex factory, Commercial, "Craig Harris Stochastics Method."

Lots of discussion about stochastics.

Big E

guy hasnt logged in here for 4 years.

Actually the settings of indicator vary from 1 individual to another. Certain settings might be useful for someone but it doesn't guarantee to be viable in your system.

So, my suggestion on this is to study stoch and know the reasons for different settings instead of blindly following the herd.

Good trading.

indicators are great, actually. you just have to dig around and see what their idicating

as far as forex slow stochastic goes, i like my setting at 5.5,3,3

and my macd at 5.5,22,9

here is the reason: what exactly are they mesuring? overbought/over sold on stoch and moving averages cross over with macd measureing divergence and momentum.


the forex market is opened for 5.5 days, so on a daily chart i use setting of 5.5, look at it and see how price moves with your stochs and you will see it catches the over/bought oversold for a period of a week (14 periods = 2 weeks and some days) why do u want it at that setting?

macd i have it at 5.5/22 because i want to measure the divergence convergence and momentum of 1 week over a month. that simple

if you are using lower time frames adjust for the period you want to measure.

hope this helps, and if you dont know how to identify trends moving averages do work by the way 50/200

200= around 9 months, and 50 about 3 months, why would you care what the price has been doing for that amount of time its up to you. bottom line is

understand what the indicators and moving averages are measuring and if it suites your style and makes you profitable, then use them.

WHATEVER makes you profitable, and can give you CONSISTENT returns, while minimizing risks and you feel COMFORTABLE by all means do it.

anyone could advise the best timeframe and the best settings for the Stochastic indicator