Parameter settings for various indicators
Parameter Settings for Various Indicators
In the past, I traded with discretionary trading and homemade EAs, so I did a lot of research.
Trading by hand in discretionary trading is also fine, but emotions tend to come into play.
Therefore, I converted various indicators into EAs and trade with automatic trading on/off..
I will list the parameter settings for the most reliable indicators that I use frequently.
If you have any suggestions on what might be good, please let me know.
Trading by hand in discretionary trading is also fine, but emotions tend to come into play.
Therefore, I converted various indicators into EAs and trade with automatic trading on/off..
I will list the parameter settings for the most reliable indicators that I use frequently.
If you have any suggestions on what might be good, please let me know.
That is an old story.
Now I have almost learned everything.
<Trend-type>
VQ Parameter Settings
usdjpy 4,2,4,1
eurjpy 5,3,1,2
gbpjpy 7,3,2,2
eurusd 5,3,1,3
ADX Parameter Settings
ADXm 21
The usual default is 14, but there are many false signals, so I use 21.
I do not use ADX itself. If I use it, it’s 8.
MACD Parameter Settings
There are many varieties of this.
5-10,5 Original
5-34,7 Investment Gardens
6-19,9 Aper
8-17,9 Dinapoli
9-17,7 Manning
12-26,9 Aper
19-39,9 Aper
19-39,12 Original
24-39,16 Original(Optimized on MT4 at M15)
If you use it like scalping, 5-10,5; for a long range, 19-39,9, or 19-39,12,
If you want faster signals (to catch tops and bottoms sooner), perhaps 9-17,7.
EAing and running multiple at once is also an option.
Bollinger Bands are normally 20 bars with 1, 2, 3 sigma (21 bars are viewed with SMA).
<Oscillator-type>
CCI, RSI, Stochastic Parameters
CCI 14(default)
Sometimes I use 21, but 14 is sufficient.
100,-100 overbought/oversold for range-bound reversal.
RSI 14(default)
To judge range, I use 9, sometimes 5.
Using 9, 60-40 overbought/oversold for range reversal.
Stochastic, this cannot be used well. It lags quickly and even on daily charts it lags, so I do not use it.
If used, perhaps for scalping, 5,3,3 (MT4 default).
SuperSignals 21,14(default)
Use as is in a range market.
In a trending market, it flickers on false signals, so treat it as a trend when it occurs and use contrarian trading.
If you convert all of these to EAs,
Trend-type indicators stay on at all times,
In range markets, to cancel the false signals of trend-type indicators, turn on oscillator-type indicators.
You can switch, but keeping trend-type on yields bigger gains.
As a side note,Regarding the speed of reversal signals,
SuperSignals, ADXm, VQ, MACD appear in that order.
By the way, in a trending market, SuperSignals is full of false signals, ADXm also has false signals, VQ is reliable.
MACD is the most reliable but sometimes very slow (5-10,5 is fast).
If you have any opinions, please let me know.
I must study more to win.
<Trend-type>
VQ Parameter Settings
usdjpy 4,2,4,1
eurjpy 5,3,1,2
gbpjpy 7,3,2,2
eurusd 5,3,1,3
ADX Parameter Settings
ADXm 21
The usual default is 14, but there are many false signals, so I use 21.
I do not use ADX itself. If I use it, it’s 8.
MACD Parameter Settings
There are many varieties of this.
5-10,5 Original
5-34,7 Investment Gardens
6-19,9 Aper
8-17,9 Dinapoli
9-17,7 Manning
12-26,9 Aper
19-39,9 Aper
19-39,12 Original
24-39,16 Original(Optimized on MT4 at M15)
If you use it like scalping, 5-10,5; for a long range, 19-39,9, or 19-39,12,
If you want faster signals (to catch tops and bottoms sooner), perhaps 9-17,7.
EAing and running multiple at once is also an option.
Bollinger Bands are normally 20 bars with 1, 2, 3 sigma (21 bars are viewed with SMA).
<Oscillator-type>
CCI, RSI, Stochastic Parameters
CCI 14(default)
Sometimes I use 21, but 14 is sufficient.
100,-100 overbought/oversold for range-bound reversal.
RSI 14(default)
To judge range, I use 9, sometimes 5.
Using 9, 60-40 overbought/oversold for range reversal.
Stochastic, this cannot be used well. It lags quickly and even on daily charts it lags, so I do not use it.
If used, perhaps for scalping, 5,3,3 (MT4 default).
SuperSignals 21,14(default)
Use as is in a range market.
In a trending market, it flickers on false signals, so treat it as a trend when it occurs and use contrarian trading.
If you convert all of these to EAs,
Trend-type indicators stay on at all times,
In range markets, to cancel the false signals of trend-type indicators, turn on oscillator-type indicators.
You can switch, but keeping trend-type on yields bigger gains.
As a side note,Regarding the speed of reversal signals,
SuperSignals, ADXm, VQ, MACD appear in that order.
By the way, in a trending market, SuperSignals is full of false signals, ADXm also has false signals, VQ is reliable.
MACD is the most reliable but sometimes very slow (5-10,5 is fast).
If you have any opinions, please let me know.
I must study more to win.
That is an old story.
Now I have almost learned everything.
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