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What are the best ninjatrader scanner settings for cryptocurrency trading?

avatarRickapsicumDec 26, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I've heard about ninjatrader scanner settings. Can someone please explain what are the best ninjatrader scanner settings for cryptocurrency trading? I want to make sure I'm using the most effective settings to analyze the market.

What are the best ninjatrader scanner settings for cryptocurrency trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The best ninjatrader scanner settings for cryptocurrency trading depend on your trading strategy and preferences. However, some commonly recommended settings include setting the scan interval to a shorter time frame, using specific technical indicators like moving averages or RSI, and filtering for specific cryptocurrency pairs or market conditions. Experimenting with different settings and analyzing the results can help you find the best settings for your trading style.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to ninjatrader scanner settings for cryptocurrency trading, there is no one-size-fits-all answer. It's important to consider your trading goals, risk tolerance, and preferred trading indicators. Some traders may prefer faster scan intervals and more aggressive filters, while others may prefer longer intervals and broader filters. Ultimately, it's about finding the settings that align with your trading strategy and provide you with the most relevant and actionable information.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using ninjatrader scanner settings that focus on identifying high-volume trading opportunities and detecting market trends. They suggest setting the scan interval to 5 minutes, using volume-based indicators like VWAP or OBV, and filtering for cryptocurrencies with significant price movements. These settings can help traders spot potential entry and exit points, as well as identify market conditions that may indicate a change in trend. However, it's important to note that the effectiveness of these settings may vary depending on individual trading styles and market conditions.