josi wrote: Thu May 14, 2020 10:48 pm
I'm sure you don't want my advice after all the work you put in:
but to my mind H4 is too far away for M5 - I'd always use H1 for M5 - but you're your own boss and results are the only criterion admissible (I'm sure you backtested both versions).
all the best
Hi Josi,
No, please do give advice! Very appreciated
I think I am using these indicators differently than most. I only act on buy signals on M5 f.e. if the trend is buy on H4. However, it is still to early to tell what works best for me. The last couple of days, H4 worked best. Maybe because the basetrend on H4 stays the same longer. I get less confused and have to check less. I'm very new to forex trading, so still got a long way to go. But with H4 as my basetrend, I haven't lost a trade in a couple of days, so will be testing further. At the moment I am testing D1 on H1 and H4. Haven't lost a trade there either. I am trading with all majors and most jpy/eur crosses.
May I ask what TF you use on what charts? Then I will test some more
