Has anyone tried coding on lower timeframes with higher timeframe datas and just using selling at market commands and not stops to combat this? And keeping those large minimum stops as a backup safety, and not a trading mechanism?
Yes and No. But this starts with not using faster than 1 minute systems in the firsts place**. And please notice that this depends on what you start out with. Thus, if you use 1 minute systems anyway, you can easily add the slower time frames. The other way around is a kind of pain.
So as per my previous post – yes, Market orders, but with changed systems in a fashion that they remained as profitable. This is for me not per means of faster timeframes.
On this latter again : I see too many advices to drop to a faster timeframe; those advices somehow skip the idea of throwing out precious backtest data. But if you are used to “the past 5 years” what to do if you hop to “seconds” for the solution, and be left with a few weeks only. Thus this is only for those who don’t need backtesting (that will be more rare) or those who were used to using very little backtest data anyway.
Then, I see no reason why the “large minimum stops” would need to remain for safety; I rather trust my own Market Order for that again, than praying whether IG will not hugely glitch when the time comes (I experienced that and lost quite some unplanned money on it). And No, I am not eager to pay for guaranteed (IG) stops as well. Why would I, one I changed my systems to deal with that too, with Market Orders.
**): Someone may notice some day that I sure do use “seconds” systems as well. But they are that from the ground up, plus they don’t require the backtest data. They are more technical, say like Scalping. An example of this morning below (yes I was sleeping there 😉 ). Anyway, that too is comprised of Market Orders only. And if I am well informed, this is not really scalping-like. But that thus works too after some sitting back.
