multiple time frames

hello fellow traders!

i made a discovery today and wanted to share with everyone. it's nothing amazing but it definitely helps me understand a little more.

many systems will advocate trading with the trend by verifying on a higher time frame. for example, if you're trading on 15M you should only go short if the higher 1H frame is trending down.

anyways, i was messing around with the charts in an attempt to just have 1 single time frame tell me information from a higher time frame. i tried increasing all the parameters of the indicators by the increase in time and everything worked to my amazement!

hmmm...that didn't sound like it made sense, so i attached screenshots. they are 15M and 4H charts. for each 4H period = 16 * 15M periods. so i multipled every parameter by 16, and the indicators are pretty much 1:1. it's pretty neat! check it out...

Good for you for working this out on your own. It's not new, but what's important is that you're thinking for yourself.

Good job and keep it up.

I tried the multiplied by 6x 5 min MACD for my 5 and 30 min matching requirements but its too erratic. Sometimes it crosses 30 min after the true 30 min MACD and other times 15 or 30 min before.

Why not just trade the higher time frame?

I don't agree that trades should be placed on a lower timeframe only in the direction of the trend on higher time frames.

I know numerous systems that trade against the trend direction on higher TF and they work very well

The profitability will depend on the money management guidelines you use.

Maybe you should add some support or resistance on your chart.

happy trade hyperbling


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Forex Range Trading System