If the 1min generates 10 signals a day and the 5min 2 signals a day and you have limited time to trade the 1min will be best for you
With smaller moves can come more whip saw to try and counteract this I am looking at the MTF CCI this week on the 1min chart along side the 2 old reliable indicators the TM and the BBMACD
All Im doing here is looking at the 5min period 50 CCI but on a 1min chart..
If above 0.00 the option will be to take only longs if below 0.00 the option will be to take only shorts
Ive had a look this week and although it does obviously remove some winning signals it cuts down dramatically the losers in whip saw periods
here is a classic example
Point A is London open
Point B we get a short signal we ignore as 5min CCI above 0.00
Point C we get a long signal 5min CCI above 0.00 we can take
Point D we get a short sig we ignore as 5min CCI is above 0.00
Point E is another long if we missed the signal at C we can take this as the 5min CCI is above 0.00 and is another advantage of 1min trading..if your time is limit you may well get another signal
Its worth looking at and the CCI we use compliments TM which is in reality a CCI
With smaller moves can come more whip saw to try and counteract this I am looking at the MTF CCI this week on the 1min chart along side the 2 old reliable indicators the TM and the BBMACD
All Im doing here is looking at the 5min period 50 CCI but on a 1min chart..
If above 0.00 the option will be to take only longs if below 0.00 the option will be to take only shorts
Ive had a look this week and although it does obviously remove some winning signals it cuts down dramatically the losers in whip saw periods
here is a classic example
Point A is London open
Point B we get a short signal we ignore as 5min CCI above 0.00
Point C we get a long signal 5min CCI above 0.00 we can take
Point D we get a short sig we ignore as 5min CCI is above 0.00
Point E is another long if we missed the signal at C we can take this as the 5min CCI is above 0.00 and is another advantage of 1min trading..if your time is limit you may well get another signal
Its worth looking at and the CCI we use compliments TM which is in reality a CCI
Attached File(s)
#MTF_CCI.mq4
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