Preferred Timeframe for Trading | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Timeframe inside current timeframe - is that possible? 2 replies

Seeing higher timeframe indicators on lower timeframe 4 replies

Oanda not of the preferred brokers? 3 replies

Simple, VT preferred 0 replies

CMC/preferred broker 4 replies

Attachments: Preferred Timeframe for Trading
Exit Attachments

Preferred Timeframe for Trading

  • #121
  • Sep 30, 2014 6:43pm Sep 30, 2014 6:43pm
Quoting iDoubleStoch
{quote} Maybe you should stop relying on MACD and traditional indicators and start developing your own unique indicators that actually help you see into short range future events. Time Frame traded does not matter. Only Magnitude matters - Vector Analysis of the correct market components reveals pending market movements a very high percentage of the time: {image} That's one (1) indicator. One out of 117 that I use to pick the market apart almost every single day. With this one indicator called TCDi7, I can see major moves over a 24 hr cycle from...
I dont use MACD, i clearly stated in my prev posts that i use my custom indicators which are by tenfold better than traditional ones.I only mentioned the MACD maybe because ........ its the nr 1 most popular one out there.So if there is something wrong with the MACD, you bet that 95% of the traders will be devastated by it.

Have no idea how you forecast that big price move from your indicator, it doesnt seem any more sophisticated than a simple ATR indicator, but well maybe i`m wrong.

If you base all your indicators on your base price, M1, tick or whatever thats good for you , but the majority of traders dont ,so this is only your opinion,not other's.
"There's a sucker born every minute" - P.T. Barnum
  • #122
  • Edited 7:22pm Sep 30, 2014 7:08pm | Edited 7:22pm
Hey,

Allow me to simplify all of this for you. I have yet to read some of this, but I think Proximus is right.

He is trying to prove that the 4 Hour time frame is best for the majority of traders, a statement which I absolutely agree with and am not surprised to see that kind of a result. No matter your style of trading, it is wise to consider what the 4H chart is telling you.

This time frame chart is statistically significant! And I am not just saying that because it is winning the poll. Although I would be surprised if 4H did not win the poll, I would still believe just as much in the statistical significance of the 4H time frame.
Please check out my blog at https://from-zero-to-hero . net
  • #123
  • Sep 30, 2014 7:50pm Sep 30, 2014 7:50pm
Quoting Proximus
1) Time in the markets is important and real.Wheather time itself is real is a philosophical question.
Not quite. "Timing" in the markets is important and real. Whether "Time" itself is real, is a philosophical question.

Thus, I'll give you half credit for getting the second part right. "Time" vs "Timing." One is conceptual and/or philosophical and the other is based solely on "Location." I'm going to let you figure out where the approximations reside. That's why you never see me say that...

Time
Direction
Magnitude
Probability

...are the only factors in trading that matter. Yet, you always see me say that...

Timing [Location]
Direction
Magnitude
Probability

...are the only factors in trading that matter. This is a distinction with a difference.


Quoting Proximus
2) So either there is a preferred TF or there isnt, its just simple as that.
People may have a "preferred" time frame. But, once upon a time, people literally believed the world to be flat, too. It did not make them correct then and it does not make then correct now.

Quoting Proximus
So far you didnt gave any more evidence than i did in my posts troughout the forum,
That is because you would not recognize the evidence, even it it were sitting directly under your nose. I'll give it to you one more time, but this is the last time. Example: Pick any language you desire and write a succinct description of the smallest derivative value between Unit Interval [0,1], without using ∞ or < ∞.

It is a very simple question and if you can do it to any degree that is rational, I will eat my hat here on FF. It simply cannot be done. To obtain the smallest value within said subset, when you divide the largest value in the interval that is less than 1, into any subset of the interval < 1 and > 0, you end up at a rational number with continuously increasing negative exponential value. If you keep calculating that loop, you end up with with factors x 10 to the -nth power until you reach theoretical zero. At that point, you realize that your precious "Time" no longer remains extant in the universe.

Both Space and Matter without "Time" remains extant in the universe even when the Absolute Value of "Time" is zero, removing its meaning and its existence from our frame of reference.

There's your 'proof.'
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #124
  • Sep 30, 2014 7:55pm Sep 30, 2014 7:55pm
Quoting kprsa
{quote} Hi there, Just to say, it is possible to use even standard fractals. Try calculating the probability that the fractal on H1 formed two hours ago and not taken out (so confirmed not to repaint) will be taken out within the following 12 hours. If you do this, you'll see that this probability is only cca 30%. It's not a fantastic edge, but it can be used as a beginning of a non-ambitious little strategy. Cheers, k
My fractal indicator, can be customized to any number of fractal bars that you want.But the lagg will be always 1 bar, and non repaint, so that is the previous CLOSE will be the signal.

No edge found, or atleast not in the first 30 bars, while looking at more it pointless.I did it in many timeframes but no promising results.

The edge was something like - 35000 pipettes throughout my 13 year hist data.Not profitable.

Quoting pipster1
{quote} Check post #74. I use renko for my entry charts and my midrange supt and resistance/waves of movement. I find it strange that so many people only view one time frame when trading.
Ok sorry i may skipped your post.I see now that 1 more guys since that checked the renko box in the poll, so yes, there are renko traders , its only that the sample size of the poll was too small.

But clearly the distribution shows that its not as popular as H4.

Quoting smash1820
As far as indicators go, they all have a use and purpose in trading. Even the lagging ones! It's just that most people are stupid and don't care or won't bother (perhaps because they already think they know it all) to understand 1) WHY they are used, 2) HOW they are used, 3) and most importantly, WHEN they are used. I use 3 of the most basic indicators in my trading and anyone who is semi-smart can find out what they are through my history. I also use one proprietary indicator that I wrote to help me determine relative strength and what is trending...
Ok its fine that you believe that, however i personally only begin test statistically an indicator if there is any logic to it.

I mean one can forecast the price from tarot cards, and if they achieve a 95% accuracy rate than good for them, but since its hardly a reliable tool and very unrelated, i dont see the logic in this method, even if it were to work.

While the real indicators must have a standard, and must be similar in that standard, while only the methodology should be different.
For example the indicators grouped in the "oscillators" are pretty much alike, their formula is different, but their role is identical.This is what i mean about a standard.

--------

No i dont believe in EA's anymore.I dont know you read my posts, but i said many times that i dont believe in full automatization anymore.Semi-automatic maybe but definitely not a "lean back & cash " type of system.I evolved alot on that 1 year
"There's a sucker born every minute" - P.T. Barnum
  • #125
  • Edited 8:31pm Sep 30, 2014 8:06pm | Edited 8:31pm
Quoting Proximus
{quote} So, the problem with your methodology, if you didnt realized it so far, is that you are already looking at the end result when using repainting indicators, so the statistics is flawed.I cant explain it more than this, let me give you a metaphor: It is like if you try to predict the next week's lottery numbers 1 minute after the draws happened.Obviously your percentage of accuracy will be >99%. A repainting indicator, in offline mode is exactly as the example above. When in real time, inbetween real signals you see many many fake signals,...
Lol goodness you still do not get it? I do not just look at the end result when using repainting indicators. I look at every possible result, including repainting. The idea... is to inverse the result. And I am sure you will find that the repainting helps to track the true direction and momentum, so long you do not take every single repaint as a signal to reverse trade.

Anything beyond here, yes. Its off topic. I've used ZZ for years and figured that this is the best possible way to read them.

The only nice thing I can say is this; your current programming skill level as far as I've observed, it seems that you 'can make it'. When it comes to terms with finding something of a real edge and actually creating your own holy grail... you are pretty far off. iDoubleStoch's advice to you in this thread is the best I've ever seen and he put to you pretty cordial enough. I do believe that if you take some time off FF, you will achieve far greater heights than you can imagine, rather than trying to find the answers by polls and threads that seem to go no where.

This... I am sure. You already have the programming skills to pull it off. Just that your perception and attitude reading the market may take time to change. Thats ok, we all need time to adjust that. Anyone would. You can change from a 'casual trader' to a 'serious trader', that is if you are up to it.

Thats it. I am not going to return to this thread for the sake of better focus for your benefit. When I thought about it carefully, I realized that the root of the problem is that you needed better focus in a different light. I figured that the best option on my part, is to just leave this thread and even every other thread you started, because I might be blocking off what you are 'attempting to see'.

If you can't see it, you can't trade it.

There you go.

*leaves*
  • #126
  • Edited 8:37pm Sep 30, 2014 8:26pm | Edited 8:37pm
Quoting iDoubleStoch
{quote} Not quite. "Timing" in the markets is important and real.
Time as it is, and price as it is, are the 2 variables by which the PRICEACTION, which is a 2 D array is constructed.

Attached Image


Timing is only a snippet from this array, where you place/exit your trades.

It is PRICE( TIME ),where your insert whatever TIME or PRICE your desire and you get the correspondent value for it.

But TIME(PRICE) =/= PRICE (TIME) because same price can occur in different times, but the same time can have only the same price.

In maths it is called a Surjective function

Timing is only 1 value of this function, so that is PRICE( 1st October 2014 10:15 AM) for example, and you immediately know the price at this particular instance of time.

So in conclusion, both are important, without time there is no market, without timing there is no trade

Quote
People may have a "preferred" time frame. But, once upon a time, people literally believed the world to be flat, too. It did not make them correct then and it does not make then correct now.

I dont care wheather it is an universal truth, the H4 timeframe, because you cant measure the absolutely and ultimately correct TF.
I just ask for peoples opinion, thats all.What is the problem about that ?

PS. Maybe it is a universal truth:
http://www.forexfactory.com/showthread.php?t=336715

Quote
There's your 'proof.'

Yes i`m aware of the ZENO PARADOX and how time / space can get infinitessimally small, but what does that have to do with the market?

You do realize that the market can not be divided into an infinitessimally small unit, because the base unit in the market is the TICK, you cant get to 0, the frequency of ticks is your smallest TIME unit, while the smallest TICK size is the smallest price unit (including 0 when the market doesnt move yet the candles are still painted).

And the timing, which is subjective also depends on the frequency of the ticks.You cant get into a trade when your want, your trade will only be executed at the next tick.If your broker freezes your platform you cant get into the trade no matter how bad you want it.
"There's a sucker born every minute" - P.T. Barnum
  • #127
  • Sep 30, 2014 9:36pm Sep 30, 2014 9:36pm
maybe one should ask themselves, 'what time frame or time frames can i do without?' (mind=blown lol)
  • #128
  • Sep 30, 2014 10:21pm Sep 30, 2014 10:21pm
hey here's an idea, lets just stop the trash talking and accept the truth that the 4 hour time frame wins, it's the best time frame there is and it's because almost everyone uses it. the numbers say almost half or 50% of the traders here use 4H and i'm surprised that number is not more like 60% or 70%.
Please check out my blog at https://from-zero-to-hero . net
  • #129
  • Sep 30, 2014 10:30pm Sep 30, 2014 10:30pm
Quoting smash1820
hey here's an idea, lets just stop the trash talking and accept the truth that the 4 hour time frame wins, it's the best time frame there is and it's because almost everyone uses it. the numbers say almost half or 50% of the traders here use 4H and i'm surprised that number is not more like 60% or 70%.
Ha ha, this is golden.

Let's see. Most traders are losers, and most traders use H4. Yeah, let's all use H4.
  • #130
  • Edited 11:03pm Sep 30, 2014 10:37pm | Edited 11:03pm
Quoting Adal
Ha ha, this is golden. Let's see. Most traders are losers, and most traders use H4. Yeah, let's all use H4.
I'm afraid you either misunderstood me or haven't read any of my other posts here.

Do you honestly think that the 4 Hour time frame is why people lose money? You don't think that fact might have something to do with factors other than the time frame?

Yeah, okay... that explains it all then...

I said before that I use "all time frames". The more, the better. Not necessarily saying I will use 2 min, 3 min, 4 min, 5, 6, 7, 8, 9, 10, 11, 12, 13, etc all the way up to 100, so don't get me wrong. But more is better in the sense that it's nice to have options.

Within MetaTrader, I use 1 minute, 3 minute, 5 minute, 15 minute, 30 minute, 1 hour, 4 hour, Daily, Weekly, and Monthly. So yes, I like them all, and have voted accordingly.
Please check out my blog at https://from-zero-to-hero . net
  • #131
  • Sep 30, 2014 10:42pm Sep 30, 2014 10:42pm
4 hour time frame, line charts only
  • #132
  • Sep 30, 2014 11:08pm Sep 30, 2014 11:08pm
Quoting Adal
{quote} Ha ha, this is golden. Let's see. Most traders are losers, and most traders use H4. Yeah, let's all use H4.
Quoting smash1820
{quote} I'm afraid you either misunderstood me or haven't read any of my other posts here. Do you honestly think that the 4 Hour time frame is why people lose money? You don't think that fact might have something to do with factors other than the time frame? Yeah, okay... that explains it all then... I said before that I use "all time frames". The more, the better. Not necessarily saying I will use 2 min, 3 min, 4 min, 5, 6, 7, 8, 9, 10, 11, 12, 13, etc all the way up to 100, so don't get me wrong. But more is better in the sense that...
Sorry Adal but smash is right here, the 95% is the total loser's estimate regardless of timeframes.

So that means that 95% of traders lose on M1,M5,M15,H1,H4,D1,W1,MN1,etc on all of them 95% lose, it is proportional to all of them.

Now nominally there might be more losers on H4, but thats only because there are more traders in general there, but in a % point of view , the TF is not the reason.

Also the timeframe is not the reason why they lose, but the lack of edge, and varying the TF wont give you an edge, it might boost it, as higher timeframes are smoother, but they dont carry inherent edges.

So H4 wont skrew your edge, in fact i think it will boost it, if so many traders use it, by setting your indicator to H4 adjusted parameters, it might give you some volatility boosts

http://www.forexfactory.com/showthread.php?t=336715
"There's a sucker born every minute" - P.T. Barnum
  • #133
  • Sep 30, 2014 11:19pm Sep 30, 2014 11:19pm
Sure, I know that traders don't lose because of the TF.

But it's still very funny that you and others are interested in what the majority of traders are doing - what TF, what methods, what indicators, etc etc. There only thing that you could learn but watching the majority is maybe what to avoid.

Interesting that almost nobody uses tick charts, or non linear time-frames.

And the whole premise is wrong.

You shouldn't "prefer" a TF. You should search and trade one that has an edge, or trade multiple edges each on it's individual timeframe. That if you insist on using TF at all.

Using TF stops people from searching for real edges, like what happens in the first 5 min of an hour, since that is neither M5 nor H1, let alone individual seconds, since these kinds of quant trading are hard to see in classical TFs.
  • #134
  • Oct 1, 2014 1:31am Oct 1, 2014 1:31am
Quoting Proximus
{quote} My fractal indicator, can be customized to any number of fractal bars that you want.But the lagg will be always 1 bar, and non repaint, so that is the previous CLOSE will be the signal. No edge found, or atleast not in the first 30 bars, while looking at more it pointless.I did it in many timeframes but no promising results. The edge was something like - 35000 pipettes throughout my 13 year hist data.Not profitable.
Lag is not necessarily a bad thing...
k
  • #135
  • Oct 1, 2014 2:37am Oct 1, 2014 2:37am
Quoting Proximus
{quote} {quote} Sorry Adal but smash is right here, the 95% is the total loser's estimate regardless of timeframes. So that means that 95% of traders lose on M1,M5,M15,H1,H4,D1,W1,MN1,etc on all of them 95% lose, it is proportional to all of them. Now nominally there might be more losers on H4, but thats only because there are more traders in general there, but in a % point of view , the TF is not the reason. Also the timeframe is not the reason why they lose, but the lack of edge, and varying the TF wont give you an edge, it might boost it, as...
Very well said, my friend. I knew there was a reason we are buddies (and it's not your Michael Douglas/Wall Street avatar)!
Please check out my blog at https://from-zero-to-hero . net
  • #136
  • Oct 1, 2014 2:40am Oct 1, 2014 2:40am
Quoting Adal
Sure, I know that traders don't lose because of the TF. But it's still very funny that you and others are interested in what the majority of traders are doing - what TF, what methods, what indicators, etc etc. There only thing that you could learn but watching the majority is maybe what to avoid. Interesting that almost nobody uses tick charts, or non linear time-frames. And the whole premise is wrong. You shouldn't "prefer" a TF. You should search and trade one that has an edge, or trade multiple edges each on it's individual timeframe. That if...
Quote
But it's still very funny that you and others are interested in what the majority of traders are doing - what TF, what methods, what indicators, etc etc.

How do you know that that is not what i`m doing ?

But on the timeframe question, i have to go with the herd, because the most preferred TF will have the best signal/noise ratio, as there is volatility here.

I would use tick charts, if MT4 would have one, i have an indicator which logs ticks, but its without historical data, it only records the ticks that are recorded live.

I guess professional platforms have tick charts with history, but i`m using MT4 as for now/
Besides for my weekly analysis M1 charts are ok too, no need to complicate it that much, i dont need to forecast the market pipette by pipette.We are not HFT's to have microsecond based accuracy.M1 data is statistically usable, for any measurement, if you got like 13 years of M1 like i do.

H4 for me is pretty solid, but for a deep statistical analysis M1 is required.Yes the classic TF candles are indeed missing some data, but that is the point of a filter: to filter out the most noise possible while preserving the most information possible.On a tick chart i bet that >75% of the ticks are useless.

I think, and the study shows that H4 is definitely the most qualified for this purpose.
"There's a sucker born every minute" - P.T. Barnum
  • #137
  • Oct 1, 2014 2:48am Oct 1, 2014 2:48am
Quoting kprsa
{quote} Lag is not necessarily a bad thing... k
Of course it is.Increasing lag equals increasing uncertainty.

Would you rather trade the news on a news feed which delays the economic reports by 1 second or by 10 minutes, which news feed is more reliable ? Obviously that which delays only 1 second, as you can place the trade immediately after the release is out.
"There's a sucker born every minute" - P.T. Barnum
  • #138
  • Oct 1, 2014 2:58am Oct 1, 2014 2:58am
Quoting Proximus
But on the timeframe question, i have to go with the herd, because the most preferred TF will have the best signal/noise ratio, as there is volatility here. I would use tick charts, if MT4 would have one, i have an indicator which logs ticks, but its without historical data, it only records the ticks that are recorded live.
Now that is an interesting idea. I've thought of it before, but never actually made any progress it writing a program that records live ticks.

MetaTrade actually does support ticks, but they are really inconvenient and it's a terrible method for charting and/or trading within MT4 alone.

I would be interested to hear and learn more about your tick indicator. I may develop something similar in the future, and it'd be interesting to hear more of your thoughts on it. It has been one of my "pending ideas".
Please check out my blog at https://from-zero-to-hero . net
  • #139
  • Oct 1, 2014 9:37am Oct 1, 2014 9:37am
Quoting Proximus
{quote} {quote} I would use tick charts, if MT4 would have one, i have an indicator which logs ticks, but its without historical data, it only records the ticks that are recorded live. I guess professional platforms have tick charts with history, but i`m using MT4 as for now/
Yes, it's a good idea to record ticks as you received them and backtest on them. Because brokers filter spikes from historical ticks, thus if you use them for backtesting you will test on a really clean feed, but then when you deploy to production you might realize that your algo is not robust enough to handle bad price quotes.

Here are my live tick recorders working. They record all the ticks I receive on all the instruments from FXCM, MB Trading, TrueFX (Integral ECN), Dukascopy and Oanda:

https://dl.dropboxusercontent.com/u/..._recording.png
  • #140
  • Oct 1, 2014 9:52am Oct 1, 2014 9:52am
This seems to be a very very silly question , but I cannot seem to find an online pip calculator.

There are many to calculate the pip value,but not the number of pips.

Please provide any online link/indicator to calculate the number of pips.

Eg Consider the UDSCAD trade

Short @ 1.11976
Exit @ 1.11857.

What is the number of pips gained ?
Any online calculator for this?
0 traders viewing now