Different time frame systems

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Viewing 8 posts - 1 through 8 (of 8 total)
  • #72419

    Currently I have some markets let’s say aud/usd with a 4 hr and a 1 hr system. I can sometimes find myself being in a long on the 4 hr and then a short will trigger on the 1hr charts or vice versa.

    Comments and thoughts please?

    #72428

    From a purely pragmatic point of view, you play against yourself, especially in forex trading. However, since forex is the most important market today, unless you trade huge positions, you can do what you want, the main thing being to win in the end (I know that I open doors open saying that, but that’s the reality 🙂 )

    #72430

    Hi, Long 1 timeframe and short another timeframe dosnt have to be good or bad. If they make profit in the long run who cares?

    Another good thing about this is the ur systems are “most likely” not gonna be correlated.

    You can even win both trades no problem with the correct systems. or if 1 looses, the other should hopefully win, because they do go “against” each other, although on different timeframes.

    I have played with this idea myself, but i still struggle to make good shorting systems. When market (stock index) goes up it can take 1 year going up 30%, but it can also take 2 days going down the same 30% 😛 I guess forex is different here, but to me forex is a whole nother ballgame that im not that good at just yet lol.

    In my opinion i think its a good idea if you have good robust systems, thats all it takes in the end.. you just want dat profit

    #72431

    My feeling was to just develop one at 4hrs as this is my preferred time period.  The other problem with having a 1 hr system is that they can trigger trades more often than wanted

    #72432

    Well I like to look at timeframes from 2 different angles:

    1. Smaller timeframe => More noise but also more opportunities to make money. Most likely gonna give u more “bad trades” but can be more profitable.
    2. Bigger timeframes => Less noise but also less opportunities to make money. Most likely gonna give u more “good trades” but can be weeks without doing anything.

    Now of course this all depends on your systems! if u got 4 h systems that does trades all day long then thats great! If u got 4h systems that waits for just the right setup, then maybe u gotta wait 1-4 weeks until that setup arrives..

    Im a big fan of 15m, 30m and 1h. Anything above that is just too slow for my liking (not that i wouldnt trade anything higher! For me its just boring to make algos for 4h compared to 30m because of the noise and stuff happening.)

    The 15 m takes alot more trades then the 1h, but the 15m have also been one of my most profitable timeframes yet. Followed by the 30m and lastly 1h. Even tho my 1h algos have higher winrate!

    As michael covele says it: Do you wanna be right all the time, or do you wanna be profitable?

    #72435

    I was always told to trade to your personality.  I like the quick justification either a loss or a profit.  I picked 4 hrs because as you say less noise and I also set a 2 :1 strategy risk say 50 to make $100.

    With  smaller time frames do you trade 24 /7 or are you set for certain times to trade on your strategy?

    #72516

    I was always told to trade to your personality. I like the quick justification either a loss or a profit. I picked 4 hrs because as you say less noise and I also set a 2 :1 strategy risk say 50 to make $100.

    With smaller time frames do you trade 24 /7 or are you set for certain times to trade on your strategy?

    I optimize the time settings. Usually they go like 20-22 h a day. No trading between 22-02~ is what i usually see.
    I have 1 in Dax that only trades between 09.00-17.00 cus thats the best optimized times to trade that strategy.

     

    Edit: Yes you have to trade according to ur personality. If u run a system that has 30% winners and 70% loosers and this dosnt match ur personality ur probably gonna turn it off on the next drawdown. But if u dont mind seeing a bunch of loosers then thats an OK system to run for u. I feel like “run systems that match ur personality” means that u need to be confident running those systems! If u only wanna see 70% winrate then ur gonna have to focus on creating mean reversion or something else. But if u wanna do trend following then ur gonna loose more trades then u win. At least ur not gonna have 70% winrate trying to catch every trend..

    #73042

    Thank you ‘profit’ will take this on board

Viewing 8 posts - 1 through 8 (of 8 total)

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