new Timeframes for EA (Fractal Price Action Strategy)

Hi Factory,

I'm building a EA based on Price Action analyze using Pinbar/engulfing recognizing with very trict rules and filter based on candlestick formations, Div, EMA crossing, bollinger bands..

I end with like 5 to 10 perfect signals a month on M5 + M15 + M30 on multiple major pairs.

I would like to use efficiently the powerfull of fractality :

My question is not about my strategy, I would like to know if there is a way to have more trades (in respect of my strict rules strategy) by using costum timeframe like M10, M17, M8, M6.. (I use MT4, it's easy to make these timeframe).

Is there any issues ? Will I have more trades using these new TF ? What are the limits of this use of fractality.

Thx for your answers

Best regards,
Wal

Any ideas ? Thx you

Price action work because people act on those pattern ,so if you use a timeframe that nobody see ,i don't think it will work ,but it could be interesting to test it .

Yeah, it's hard to say. On the other hand, a pin bar is a rejection of a particular price level, so even if it happens on a 23.75-minute chart it's nonetheless showing sentiment.

Also, your current time frames are fairly close together, so M17 isn't really different from M15 and M6 isn't any different from M5. On those you're not likely to get different/new signals, whereas you might on the M10 because it's different enough from M5 and M15 to have its own patterns.

Rob

I don't understand why the time frame would make a difference.

When Nison introduced the candle stick charts to the western world I don't think everybody was on the same page yet people still had success with it.

Isn't the price action supposed to give us an idea of what is happening rather than just giving us a pattern that we can self-fulfill?

Chart Patterns reflect sentiment which can be acted upon, and in some cases when there's no clear sentiment on the 15-minute chart, it might be perfectly clear on the 30-minute or 5-minute, or 10-minute.

Rob