BTCE:BTCUSD   Bitcoin / U.S. Dollar
1198 14 17

BTC             finds its way again.

Train BTC             . Is moving toward the station $95.
Super chart! What will be after 95?
Why does everyone use MACD default settings? Here is something more interesting. Slow length: 1 year. Fast length: 1/2 year. Signal: 1 quarter of a year.

+2 Reply
Post one trade taken using those settings...
ChartArt IvanLabrie
I only started using different periods a month ago. I wanted to use default settings as long as I don't understand how good each of the around 20 top indicators work before I mess around with the settings. If I had used this setting - which I just created 60 minutes ago - in August, then I would have shorted Bitcoin against everyone's opinion months ago.
Well, I used a lot of indicators before and now I use 2 at most...I'd say it depends on the trader and the method they are comfortable with. Experiment with it, maybe you come up with your own system.
Have you tried Bill Williams' Profitunity? It uses a modified MACD pair and a few more things, and it's really reliable. Check out Tim West's 'Time at mode' also, I'm experimenting with that, learning from him. So far so good, it has beaten my previous profitability figures by a big margin and lowered drawdown.
ChartArt IvanLabrie
I've seen "Tim West's 'Time at mode", but had not started to learn it.

"Bill Williams' Profitunity"
Do you mean I should watch these videos?

I have the book, 2nd edition. It'd be faster to read it, describes the method pretty briefly.
I'm always curious about ZarNegar's charts, pretty unusual looking yet effective.
+2 Reply
maximus71 IvanLabrie
It high level analyse...beautifull and full of information...need lot of experience in analyse.....but great at end...:)
RyNinDaCleM ChartArt
Your MACD is over fitted to the price action and there is not enough data to say that it's a good setup. The reason people use default settings is because they are the most well rounded set-ups, well tested and known working. Are they the best in all situations? Absolutely not, but they give consistent results and work right out of the box. By all means, test different settings. But test them using shorter time frames because the data set is larger with more trades to get a good average. When you find a well working set of arguments on hourly charts, then check them on daily and so on. Good luck!
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