Diversify by trading the same pair but on different timeframes

So, my theory is that a good strategy should work on any timeframe (and any pair of course), because different timeframes are just different patterns with different scales

But would it be a good idea to use different TFs to diversify a strategy ?

if you switch from H1 to M5 for example, the price action is completely different, and non correlated, so this is a bit like trading on different pairs !

so would it be a good idea to use different timeframes on the same pair to diversify a strategy ?

I just thought about that and it seems like a good idea.
let me know what you think

Jeff

In America, hedging is outlawed, so my approach to multiple time frames is quite different from your idea. For me, the smaller time frame builds the larger time frame. So, when both time frames are using the same strategy, and both concur with the current direction of price, I call that a sweet spot, which is a high probability of profit zone. So here, we compare time frames against each other and look for the correlation, versus trying to trade them as individual sections of the market. This is key to being in the proper direction for the most profit, identifying head fakes, and maneuvering around consolidation zones. Good Luck with your idea, but I suspect it will be full of whipsaw that will cause confusion and high anxiety.

You're absolutely correct.

This is why it is possible for one trader to be Long the EUR/USD on an H1 chart and be making money, while simultaneously another trader is Short the EUR/USD on a 5M chart and making money.

As stated above, the issue is that a single trader, at least in the US, cannot do both at the same time. That is to say, a US trader cannot hedge a position by being both Long and Short the same currency at the same time. This is based on the assumption that the trader only has one account. In other words, it should be possible if the trader has two separate accounts: one short term (for trading the 5M) and one long term (for trading the H1).

While that is mostly true, it would not make much sense doing that on 5M and 1HR charts. I say mostly because if someone is short on the 5M and making money, it means the person that is long on the 1HR is temporarily giving money back, lol. But sure, it is just a matter of having a second account. However, to me, this situation is more of a 4HR or Daily play against the lower time frames. But, a time frame is just a time frame. You make a lot more pips trading the smaller ones, but it is an issue of time and concentration. If you have a trader mindset and the skills to use it; the lower time frames make more sense. If you have an investor mindset and a J-O-B, poor skills, or little time; then the higher time frames are probably better. If you try to trade more than 2 at the same time, and have the skills and time to do it, you might as well just do the lower one. If you really must trade both, for some reason, LOL, then hire someone to do the other one.

Well, in fact, each strategy has certain parameters that make it work better at some points, and there are moments when it does not work at all. And that's normal, because every strategy has certain features. And in order to evaluate it to the full, you should definitely try to use it in different situations to identify the basic patterns and make sure that the strategy is universal or vice versa, the moments when it works really well and gives you the potential for profit. But maybe you can adapt some of the quality strategies so that you can use it on a long-term basis and possibly on different timeframes, as you said.

It's cool that you're looking for something new and effective, because it's really something that can be the basis for productive work. And of course it's important for any trader, because the market offers certain surprises every day, and if you don't have quality strategies, then don't hope for great results.
In fact, any strategy that has existed for a long time and is supported by the opinions of modern traders can be used on different timeframes. This is normal and it should be so that you can find the strongest levels. I don't even know what would happen if each strategy could be used on only one timeframe. Then it would be extremely difficult to adapt to the real work...

Let me clarify some confusion on hedging. Hedging in the USA is not illegal, except for one case.
A direct hedge, where you take both a long and short position on the same pair is illegal.
US brokers will cancel both orders automatically.

You can still hedge with binary options or a different currency pair that has an inverse correlation to the one you're trading.

A new way of thinking