Time frame charts are for the 95% losers?

Some examples of volatility profiles (EUR/USD here):

http://dl.dropbox.com/u/190212/ff/vol_1.png

By market component (Tokyo, London, New York):

http://dl.dropbox.com/u/190212/ff/vol_2.png

You can use these profiles to build custom time-frames which are better than the standard ones:

http://dl.dropbox.com/u/190212/ff/vol_3.png

Nice one Adal, thank you.
Can you define how do you prepare or calculate the volatility profiles?Do you prepare them in excel?

The pictures are from a paper describing these methods. My pictures are not that nice, and charts based on these time-frames look very similar to normal charts (but they are more "predictable").

Look around and you'll find it.

The funny thing is that these methods were first made public in 1995, and still, not even one piece of retail software implements them yet. So much for "sophisticated software" But at least the software makers have the excuse that each year you would have to compute the profile for each thing that you would want to chart.

Different strokes for different folks, and whatever works for you.

Time is the most important element in studying momentum, if you beleive that there is such a thing as 'momentum' in price movements.

If you use 'momentum' as part of your analysis, then I guess time would be pretty important, if you don't, then it makes sense that you would have no need for time based charts. I don't think one is necessarily better than the other.

And your comparison between 2 strategies doesn't make much sense. You took, admittedly, 'some crappy newbie strategy you found on a forum', and applied it to a time based 15 minute chart. You then compared it to your strategy, which you've apparently invested some time and effort into giving it an edge, and when the 'newbie' strategy performed poorly and yours performed well, you conclude from that that non-time based charts are superior to time based charts? You will need to come up with a better argument than that to convince me.

Were the entry and exit criteria between the time based and non-time based charts similar in some way? The comparison really has no meaning the way you've presented it.

I was referring to this thread:
http://www.forexfactory.com/showthread.php?t=70780
This system talked there, seemed to be using 15min timeframe. But if you watch the first posts attached picture, you can see its "lagging", the arrows form when the price is already moved. Classic MA crosstype lag.

Anyhow, it reminded the simplicity of my system logic, thats the reason i posted on that thread too and mentioned it in this this thread. Thats when i desided to run my backtest with 15 min and found it seemed to be the worst thing you can do, as in, change that type of strategy from rangebars to minute bars.

Makes you wonder how many "simple" systems and indicators would benefit from price bars

I am using MT4. May ask how I get Rangebar instead of time base bars?

I agree time matters of course but time FRAME is deceptive , or can be when you are focused on just 1 IMO

I am totally lost. How do we then get entry? Purely based on volatility?

i agree with u on this one

Not wanting to sound negative here but I'm not sure how you can call ~40% accuracy good with a 2:1 reward?

Objective question with regards to what people accept as good, bad or ugly accuracy percentages.