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Hey girls, I really really appreciate you like the courses. I really put a lot of effort and heart into each one, and I hope I will be able to continue recording..
Have a great profitable week ahead!
Hello all,
I wanted to share some insight on trading the smaller timeframes as M1 and M5.
When you use FSB Pro where you can use longer time frames, there are two ways to do it.
One, you use the small time frame, for example, M1, as a major timeframe, and you add different filters on the Higher time frames. For example, you have 2-3 entry conditions on M1 and then you have a couple of Entry conditions on the Longer time frames as M15, M30, H1, etc. This way you filter all the entries that appear on M1.
The other thing is that you can use a longer time frame as H1, and add smaller time frames. Now here you come with the logic that the trade will happen when the smaller time frames are ready for it. For example, you can have the entry condition there on H1, but if there was some quick reverse or change of the trend on the smaller time frame, you can protect from that by adding smaller timeframe filters.
Hope that is useful!
Andi,
You’re the man! I actually use entry on H1 approach with H4 and D1 as my filters to follow big picture. Experimenting with M15 entries, using M30 and H1 filters for more active EA’s.
Never thought of using smaller timeframes to filter my H1’s. Going to write that down and play with that idea. I always figured the “intrabar scan” feature did that for us. But if you brought it up then it’s definitely worth looking into.
Hi Roman,
yes, I think worths trying and I will tell you why. Imagine you are on H1 trading and all indicators shows you that you are fine to go long. If during this hour something happens with the price and it reverses, it will take couple f hours(minimum 1 to show you the change. This might be crucial and have the loss.
Now, if you have the filters on the smaller time frames, they will tell you that the lower time frames(which are closer to the current moment) are not ready to go with the direction of the longer time frames.
As you know the indicator are lagging, so you can keep the logic that you have on the H1 and longer time frames but just filter them a bit more on the lower time frames.
Have a great weekend!
Hello Andi,
what you say is so interesting to me! I never did filter the EAs on the smaller time frames but it makes a lot of sense.
I saw a few times when trading on M15 and I have the entry signal, that the price goes in the opposite direction on M1 and M5. I did not know it is even possible to filter them using lower time frame filters. Thanks for sharing your experience.
I will try that out! So far I am using more EA Studio but I plan to spend more time on FSB Pro in the next months. I want to trade exactly EAs where the other timeframes confirm the trades.
Andi,
Hope you’re having a great weekend. What you say is a very good point. But isn’t “intrabar scanning” supposed to help with that? To use all available lower time frame data to help with the entry accuracy?
Hello Roman,
You are right about that, but I just prefer to use M5 and M15 if I am trading on H1, for example. So I want to have actual indicators on these lower time frames confirming the trade logic.
I have already created such EAs, and they work fine. I did three of them having filters on each time frame. I will share results later.
Guys, the more you experiment, the better idea you will have about the trading. Everything you do – generate different strategies, use different acceptance criteria, perform robustness testing, trading, etc, everything makes you a better trader. Do not hesitate to test anything.
Hello all,
I want to ask if anyone uses M1 with EA Studio? What acceptance criteria and range for SL and TP?
Hello Sisi,
What you can do to find the good SL and TP range is to give a huge range. Let’s say from 5 pips to 200 pips. You will see what values EA Studio will give you. After that, you can narrow it.
Same thing with the acceptance criteria. Just do not make it too strict. If you see too many strategies in the collection, start to add different criteria.
I wanted to update this topic with some recent observations I have. Since M1 and M5 are very tricky, volatile and the same time it is hard to get EAs that will last profitable, I tried trading only with EAs from FSB Pro that have more than 1000 count of trades. The results are promising even I get less profit per day, I get more stable EAs.
Hey Haliffa,
Glad to hear you sharing your experience. Yes, I agree as well that on the small time frames it is better to have many count of trades. Of course, you would need more Historical data.
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