What macd setting are best for this environment

The best MACD settings for trading in the current environment would depend on several factors, including the trader's strategy, the market conditions, and the asset class being traded. However, there are some general guidelines that can be followed:

1. Default Settings: The default MACD settings in MT4 & MT5 are typically 12, 26, 9, which have proven to be effective for many traders. These settings are a good starting point for most trading scenarios.
2. Customized Settings: Traders can adjust these settings to optimize them for different market conditions and asset classes. For example, shorter time frames may require faster-moving averages, while longer-term trends may benefit from slower-moving averages.
3. Advanced Settings: Experimenting with unconventional MACD settings, such as varying the look-back periods or using different moving average types, can lead to improved performance in specific market conditions.
4. Consider Market Conditions: The choice of MACD settings should also consider the prevailing market conditions. For instance, in volatile markets, wider stop-losses may be necessary to accommodate larger price swings.
5. Timeframe Selection: Different time frames may require different MACD settings. For example, for a 2-minute chart, a trader might use a 1-minute MACD, while for a 5-minute chart, a 3-minute MACD might be more appropriate.

Given the nature of KOLD as a leveraged ETF with inherent volatility, it's crucial to fine-tune the MACD settings to match the specific characteristics of natural gas futures and the trader's risk tolerance. This may involve adjusting the look-back periods, moving average types, and incorporating other technical indicators to enhance the accuracy of the signals.

In conclusion, while the default MACD settings of 12, 26, 9 can be a good starting point, traders should consider customizing these settings to optimize them for the specific environment and their trading strategy. For KOLD, this may involve experimenting with different settings to find a combination that works well with the fund's volatility and the natural gas futures market dynamics.