I've been testing this for about a week, (nothing extraordinary) but i thought i'd share my views so far
All tests are using "Use Rank = True", 3 Loopback bars on everything with M1 disabled, (i also cut out CHFJPY as my broker doesn't support stuff like CADCHF)
30min TF = I have found that this TF works quite well on normal mode. Reverse mode gives sketchy performance and shouldn't really be trusted
15min TF = Doesn't work so well on Normal or Reverse it seems (for me anyway...)
5min TF = Doesn't work at all on Normal mode, but shows promise on Reverse, however you will need to tweak the settings (max orders, and take profit and TP)
i'm going to test 1 hour TF and 4 hour TF going forward, i believe i see what Khalil meant by not using a small TF, I think the puzzle would be to rely on normal mode and finding the right settings for this tool.
The theory is thus:
- if you space out the trades enough, then you are buying the strongest currency against weakest, (still reactive trading), however, if you do this often enough you end up with a basket of different pairs that have at one point in time been the strong pair to buy or sell. but if you space it out too much then you will miss the breakouts., hence i will test 1 hour and 4 hour but not daily.
- if doing this on 5m - and normal mode, what happens is you are buy/sell strongest every 5min, but this might not be the case 1 hour later; which is why reverse tends to be a good option here
- 15m might still have potential
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Abowaik (Khalil) - if you are not too busy, would it be too difficult to add the time frame being used in the comment section? it makes testing a lot easier. right now it is either "ALL" or "ALL-R", if using 30min Chart, then comment could be "ALL 30" or "ALL-R 30"?
because when doing multiple tests to check TF, it gets hard to distinguish between the winners and losers unless i specifically hover mouse over comments to show the magic number used...
Thanks for the great EA btw
All tests are using "Use Rank = True", 3 Loopback bars on everything with M1 disabled, (i also cut out CHFJPY as my broker doesn't support stuff like CADCHF)
30min TF = I have found that this TF works quite well on normal mode. Reverse mode gives sketchy performance and shouldn't really be trusted
15min TF = Doesn't work so well on Normal or Reverse it seems (for me anyway...)
5min TF = Doesn't work at all on Normal mode, but shows promise on Reverse, however you will need to tweak the settings (max orders, and take profit and TP)
i'm going to test 1 hour TF and 4 hour TF going forward, i believe i see what Khalil meant by not using a small TF, I think the puzzle would be to rely on normal mode and finding the right settings for this tool.
The theory is thus:
- if you space out the trades enough, then you are buying the strongest currency against weakest, (still reactive trading), however, if you do this often enough you end up with a basket of different pairs that have at one point in time been the strong pair to buy or sell. but if you space it out too much then you will miss the breakouts., hence i will test 1 hour and 4 hour but not daily.
- if doing this on 5m - and normal mode, what happens is you are buy/sell strongest every 5min, but this might not be the case 1 hour later; which is why reverse tends to be a good option here
- 15m might still have potential
---------------------------
Abowaik (Khalil) - if you are not too busy, would it be too difficult to add the time frame being used in the comment section? it makes testing a lot easier. right now it is either "ALL" or "ALL-R", if using 30min Chart, then comment could be "ALL 30" or "ALL-R 30"?
because when doing multiple tests to check TF, it gets hard to distinguish between the winners and losers unless i specifically hover mouse over comments to show the magic number used...
Thanks for the great EA btw