Can someone point me in the direction of solid, reliable MACD settings for the 1HR time chart? I’m really only trying to really get 10 pips a trade and I’m not really into holding one position for days at a time. My current settings are giving me a few fake-outs.
Thanks in advance.
You know that no matter what settings you use they don 't work all the time right? The default should be okay for the 1 hour chart. Otherwise, you can slow it down by increasing the settings, or speed it up by lowering the settings.
You didn’t ask for this but you might want to try the CCI indicator. I love this indicator for short term. Set the level to 50% so when price goes over 50 it’s long, under is short. You can pretty much do the same with any momentum indicator.