Hello,
I was wondering, from your experience, which stochastic settings are the best given that I use it with Daily or Weekly charts?
I am currently using 10,3,3 Exponential on Daily and Weekly, can I adjust these settings to make things better anyway?
Please consider that I want to use a suitable stochastic to spot divergence between Sto and Price on daily / weekly chart. With that, I also use the stochastic crosses to know the market direction.
So, would the settings really matter? If so, what settings you find best for Daily and/or Weekly?
Another question, what do you think about trading divergence with compounding lot size, where you have to add to your trades as they run against you waiting for a pullback that's identified by divergence on chart. Does this really win? is it all about how good you manage your money?
I read about that strategy somewhere, but I also read that's adding to your unrealized losses.
Thanks in advance.