sure try it
i have had a bunch of emails from people using the system with diff time frames
& it working to some degree - the higher the MTF the great the win rates
I get 90%+ with 30,4 hour,day
I like it because I can do back ground work esp. channels & news
& when it goes I get 50-100 pips or more runs a few times a week
But The TEB system is 3 time frames & a 50 EMA
i will use what ever works - I do month -week -day personally as well
I am not offended if some takes my idea & makes it your own
Hay - I would love to learn- no problem!
the only thing I would say if the TF are too far a part or two close
they don't seem to work the price waves as I call them don't really effect each other .
so 4 hours, one hour & 15 mins is good by my thoughts
but 4 hour 1 hour & 5 mins would be to great a differance
1 hour, 30 mins & 15 mins would be to close
but the one thing I have learn in forex is be willing to learn & change.
So I BELIEVE in multi-time frame its the "steel" of my system
But the time frames themself are like reeds I have no problem bending
I think in the end -
the time frames each one will choice will be a personal choice-
do you want more trade but smaller or fewer & bigger -
base hits or home runs- no right or wrong
again I would say though the distance from each TF to the other
is important & you likely have to play around till you find one you like
TEB System Rules
cool, thanks for the advise. i'm gonna try the original: day, 4-hour, 30-min with stoch(5,3,3) at first. then i'll try different things from there.
i've been thinking about trying to get roughly a constant multiple between the time frames, e.g. if we look at 1 day and 4-hour, the factor is 24/4 = 8. so maybe we should shoot for the third time frame being 4hour/8 = 1/2 hour; so maybe that's why 1 day, 4 hours, and 30min works well.
although i admit i have no reason why i think the factor should be constant...i guess it's just mathematically pleasing.
My interpretation is that TEB is looking to go short when price is above the 50 and looking to go long when price is below the 50 if given enough pip room and with agreement of the 4hr & 30 min stoch.
anyone go long on nzd/usd?
