Enter a trade based on multiple timeframes 1min/5min

• 02/22/2022 at 12:32 PM #188654
  RichardVeen

  Hi,

  I want start a trade by using mulitple timeframes.

  For example: I want to start a trade in the 1m chart based on the close in the 1min chart and  the highs/lows of the 5min chart.

  I don’t know how to create a code using multiple timeframes so I created the code below but I don’t have any result after backtesting, what is wrong?

  Or does anybody have a idea how to create the code with multiple timeframes?

  Thanks in advance.

  Sample code

  bars5 = 5 Y1 = highest[bars5] X1 = lowest[bars5] c1 = close>close[1] if c1 and close>Y1 then Buy possize contract at Market endif c2 = close<close[1] if c2 and close<X1 then Sellshort possize contract at Market endif

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  bars5 = 5 Y1 = highest[bars5] X1 = lowest[bars5]   c1 = close>close[1] if c1 and close>Y1 then Buy possize contract at Market endif c2 = close<close[1] if c2 and close<X1 then Sellshort possize contract at Market endif

   

   

  

  RichardVeen

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  02/22/2022 at 4:19 PM #188667
  robertogozzi

  To learn how to use multiple time frames in your code, you should search this forum for the word MTF. You’ll be returned many articles, posts and code snippets to learn from.

  This is your code as requested (not tested):

  Timeframe(5 minute,UpdateOnClose) //or Timeframe(5 minute,default) not to wait the 5-minute closing Y1 = high X1 = low // Tomeframe(1 minute,UpdateOnClose) //or Timeframe(1 minute,default) not to wait the 1-minute closing c1 = close>close[1] c2 = close<close[1] // Timeframe(default) //this the TF on your chart, it cannot be higher than the lowest TF used in your code (1 minute in your case) if c1 and close>Y1 then Buy possize contract at Market endif if c2 and close<X1 then Sellshort possize contract at Market endif

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  Timeframe(5 minute,UpdateOnClose)      //or Timeframe(5 minute,default) not to wait the 5-minute closing Y1 = high X1 = low // Tomeframe(1 minute,UpdateOnClose)      //or Timeframe(1 minute,default) not to wait the 1-minute closing c1 = close>close[1] c2 = close<close[1] // Timeframe(default)                     //this the TF on your chart, it cannot be higher than the lowest TF used in your code (1 minute in your case) if c1 and close>Y1 then    Buy possize contract at Market endif if c2 and close<X1 then    Sellshort possize contract at Market endif

   

  

  robertogozzi

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  02/24/2022 at 8:52 PM #188795
  RichardVeen

  Hi @robertogozzi,

  It’s working!

  Thanks again!

   

  

  RichardVeen

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