Categories: Forex Trading Strategies

Best Stochastic RSI Settings for 1 Minute Forex Trading Chart

Stochastic RSI settings for a 1 minute chart in Forex trading can vary depending on the type of strategy you are trying to implement. A conservative approach would be to use the default setting of 9,3,3. This can be useful on short-term forex charts when there is a high probability the market will be ranging for several bars before making a directional move. Alternatively, a more aggressive approach could be to use the settings of 3,3,3. This approach can be beneficial when the market is in a strong trend and when there is a higher probability of larger moves. Regardless of the approach chosen, using Stochastic RSI can help to determine entry and exit points more accurately and reduce the number of false signals.

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