Forums › ProRealTime English forum › ProOrder support › [beta-testing] multi timeframe support for automatic trading, ideas are welcome! › Reply To: [beta-testing] multi timeframe support for automatic trading, ideas are welcome!
Hey Guys,
How is it going with MTF. Did you find some potential profitable strategies already.
When time is available I try to play around in the hope to find something which could be promising. It seems the possibilities are endless but I honestly/mistakenly thought is gonna be easier. So far I tested a bit with MACD, Stochastic, RSI, Moving averages in different markets. On the highest time frame I usually want to make sure I go with tyhe trend. I can only test it with 100,000 bars as MTF trading is only possible on Demo which is a bit annoying. (I asked for live trading but they told me they will only activate it when they fixed some issues). So I dont get as much history as I would like to.
I tested a strategy where when x- consecutive bars are long/short in 4h TF, then check whether their is a reversal in the lower timeframe 1h. I used exponantial averages for that. Attached my results for AUDCHF. It could look promising but I still struggle as I have only 43 trades and fear it is statistically irrelevant.
I tested this strategy first on a daily timeframe without MTF and it looked quite promising for a lot of indices (mostly Long trades) but even better for Forex.
Please feel free to comment.
Best regards