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Discussion about multiple time frames and indicators

  • Poll

  • How many time frames are you using?
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  • #1
  • First Post: Apr 24, 2017 4:07am Apr 24, 2017 4:07am
Dear Readers,

Thank you for clicking in to read this thread.

A brief introduction about myself
I use triple screens (weekly, daily, hourly) to trade equities, with the following tools/indicators:
- Exponential Moving Average
- Auto-Envelope
- Impulse System
- Moving Average Convergence Divergence

Purpose of this thread
I started this thread to understand which time frames are more suitable for trading Forex, with the following tools/indicators:
- Exponential Moving Average
- Auto-Envelope
- Impulse System
- Moving Average Convergence Divergence
- Bulls / Bears
- SafeZone Long/Short

How about you?

You might want to indicate the following:
- Do you use multiple time frames?
- If no, why?
- If yes, which multiple time frames are you using?
- What tools/indicators are you using?

Sincerely,
XiiaObaKakiA
Signed Off, XBK
  • #2
  • Apr 24, 2017 11:06am Apr 24, 2017 11:06am
I use three time frames: weekly, H4 and M15. Weekly for trend, H4 for setup and M15 for trade entry/trigger. As for indicators, SMAs and RSI

KP
Do your homework, follow the footprints of smart money
  • #3
  • Apr 24, 2017 1:33pm Apr 24, 2017 1:33pm
1 timeframe. Reason:
Using higher timeframes is just price more compressed than the chart you had before. Price is the same :-)
  • #4
  • Apr 24, 2017 6:42pm Apr 24, 2017 6:42pm
Quoting KeenPips
I use three time frames: weekly, H4 and M15. Weekly for trend, H4 for setup and M15 for trade entry/trigger. As for indicators, SMAs and RSI KP
Hello KeenPips,

Thank you for your reply.

According to Alexander Elder, the 2nd time frame should be 5 times smaller than the 1st time frame and 5 times bigger than the 3rd time frame.

However, I notice that in your case 2nd timeframe is 8 times smaller than 1st timeframe and 16 times bigger than 3rd timeframe. Perhaps, it boils down to the indicator that you are using.

Anyway, how is the result of your strategy?

Regards,
XiiaObaKakiA
Signed Off, XBK
  • #5
  • Apr 24, 2017 6:50pm Apr 24, 2017 6:50pm
Quoting Grabowski
1 timeframe. Reason: Using higher timeframes is just price more compressed than the chart you had before. Price is the same :-)
Hi Grabowski,

Thank you for your reply.

I agree with what you replied.

However, by using multiple time frame, I will be following the current trend. Referring to the first post, my indicators have mixture of lagging indicators and sensitive indicators. This helps me to reduce the risk of losing money.

Regards,
XiiaObaKakiA
Signed Off, XBK
  • #6
  • Apr 24, 2017 7:58pm Apr 24, 2017 7:58pm
Quoting XiiaObaKakiA
{quote} Hi Grabowski, Thank you for your reply. I agree with what you replied. However, by using multiple time frame, I will be following the current trend. Referring to the first post, my indicators have mixture of lagging indicators and sensitive indicators. This helps me to reduce the risk of losing money. Regards, XiiaObaKakiA
Isn't moving averages already a sum of what price has been in the past, which means, that if you use higher timeframes and moving averages, it showing the same thing?
As long your system is profitable, it doesn't matter
  • #7
  • Apr 24, 2017 9:06pm Apr 24, 2017 9:06pm
Quoting Grabowski
{quote} Isn't moving averages already a sum of what price has been in the past, which means, that if you use higher timeframes and moving averages, it showing the same thing? As long your system is profitable, it doesn't matter
Dear Grabowski,

You are definitely right to say that a strategy does not matter as long as it makes money.

It is about how you use EMA. Most people determine uptrend when there is crossover. But I use other method.

Regards,
XiiaObaKakiA
Signed Off, XBK
  • #8
  • Apr 24, 2017 10:43pm Apr 24, 2017 10:43pm
Quoting XiiaObaKakiA
{quote} Hello KeenPips, Thank you for your reply. According to Alexander Elder, the 2nd time frame should be 5 times smaller than the 1st time frame and 5 times bigger than the 3rd time frame. However, I notice that in your case 2nd timeframe is 8 times smaller than 1st timeframe and 16 times bigger than 3rd timeframe. Perhaps, it boils down to the indicator that you are using. Anyway, how is the result of your strategy? Regards, XiiaObaKakiA
I consider Alexander Elder's suggestion as a guide. The point is how you use the strategy and which trading rules you are following. If my htf is uptrend I will look for buy signals at significant turning zones on the trigger tf.

Trade safe prosper.

KP
Do your homework, follow the footprints of smart money
  • #9
  • Apr 25, 2017 8:39pm Apr 25, 2017 8:39pm
Quoting KeenPips
{quote} I consider Alexander Elder's suggestion as a guide. The point is how you use the strategy and which trading rules you are following. If my htf is uptrend I will look for buy signals at significant turning zones on the trigger tf. Trade safe prosper. KP
Hi KeenPips,

Thank you for your reply.

I will try it out for my EA.

Thank you!

Regards,
XBK
Signed Off, XBK
  • #10
  • Edited 9:23pm Apr 26, 2017 8:55pm | Edited 9:23pm
Dear All,

I have completed backtesting 8 triple screen time frame samples, as shown in attached.

Detailed Information:
Symbol: EURUSD
Model: Every tick
Timeframe: 01.01.2017 to 21.04.2017

However, I do not know which information I should use before deciding to further backtest for last few years...

Pls advise which information I should look at as I understand that I should not use the Gross Profit, Gross Loss, Profit / (Loss) as a guideline.

Regards,
XBK
Attached Image
Signed Off, XBK
  • #11
  • Apr 26, 2017 9:20pm Apr 26, 2017 9:20pm
Dear All,

Triple Screen Sample 1

Regards,
XBK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Triple Screen [D1,H1,M5] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Click to Enlarge Name: Triple Screen [D1,H1,M5] 02 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Signed Off, XBK
  • #12
  • Apr 26, 2017 9:20pm Apr 26, 2017 9:20pm
Dear All,

Triple Screen Sample 2

Regards,
XBK
Attached Image (click to enlarge)
Click to Enlarge Name: Triple Screen [D1,H4,H1] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Signed Off, XBK
  • #13
  • Apr 26, 2017 9:20pm Apr 26, 2017 9:20pm
Dear All,

Triple Screen Sample 3

Regards,
XBK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Triple Screen [D1,H4,M30] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Click to Enlarge Name: Triple Screen [D1,H4,M30] 02 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Signed Off, XBK
  • #14
  • Apr 26, 2017 9:20pm Apr 26, 2017 9:20pm
Dear All,

Triple Screen Sample 4

Regards,
XBK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Triple Screen [H4,H1,M15] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Click to Enlarge Name: Triple Screen [H4,H1,M15] 02 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Signed Off, XBK
  • #15
  • Apr 26, 2017 9:21pm Apr 26, 2017 9:21pm
Dear All,

Triple Screen Sample 5

Regards,
XBK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Triple Screen [H4,H1,M5] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Click to Enlarge Name: Triple Screen [H4,H1,M5] 02 - [01.01.2017 to 21.04.2017].jpg Size: 98 KB
Signed Off, XBK
  • #16
  • Apr 26, 2017 9:21pm Apr 26, 2017 9:21pm
Dear All,

Triple Screen Sample 6

Regards,
XBK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Triple Screen [H4,M30,M5] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Click to Enlarge Name: Triple Screen [H4,M30,M5] 02 - [01.01.2017 to 21.04.2017].jpg Size: 98 KB
Signed Off, XBK
  • #17
  • Apr 26, 2017 9:22pm Apr 26, 2017 9:22pm
Dear All,

Triple Screen Sample 7

Regards,
XBK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Triple Screen [W1,D1,H4] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Click to Enlarge Name: Triple Screen [W1,D1,H4] 02 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Signed Off, XBK
  • #18
  • Apr 26, 2017 9:23pm Apr 26, 2017 9:23pm
Dear All,

Triple Screen Sample 8

Regards,
XBK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Triple Screen [W1,H4,M15] 01 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Click to Enlarge Name: Triple Screen [W1,H4,M15] 02 - [01.01.2017 to 21.04.2017].jpg Size: 97 KB
Signed Off, XBK
  • #19
  • Apr 26, 2017 9:35pm Apr 26, 2017 9:35pm
Quoting XiiaObaKakiA
I use triple screens (weekly, daily, hourly) to trade equities, with the following tools/indicators: -Do you use multiple time frames? - If no, why? - If yes, which multiple time frames are you using? - What tools/indicators are you using? Sincerely, XiiaObaKakiA
I know an awesome trader who trades off a computer that fits in his hand (almost). And no its not a smart phone or tablet. I have just my laptop these days, I used to have the 4 monitor thing but ditched that long ago. Makes me laugh thinking about it

I certainly use multiple time frames but none of the tools you mentioned. I don't think it's a simple question of "which is best". If the market is moving fast enough I can trade off a tic chart alone. A lot of it for me depends on the volatility and market conditions. I just focus on the one that is speaking to me at the time. For all intents and purposes I use H4, Daily and Weekly for big levels and bigger structures but narrow down for intraday trading with the 30,15, and 5. The 1 and tic helps with timing the entry, but can be traded alone in certain conditions

I guess you could say I'm always using all of them. It's just information.
Time hides Nothing
  • #20
  • Apr 26, 2017 9:44pm Apr 26, 2017 9:44pm
Quoting CindyXXXX
{quote} I know an awesome trader who trades off a computer that fits in his hand (almost). And no its not a smart phone or tablet. I have just my laptop these days, I used to have the 4 monitor thing but ditched that long ago. Makes me laugh thinking about it I certainly use multiple time frames but none of the tools you mentioned. I don't think it's a simple question of "which is best". If the market is moving fast enough I can trade off a tic chart alone. A lot of it for me depends on the volatility and market conditions. I just focus on the one...
Dear CindyXXXX,

Thank you for your reply.

Sample 7 uses W1, D1, H4.

I will try out M30, M15, and M5.

Thank you!

Regards,
XBK
Signed Off, XBK
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