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  1. #1
    Administrator Martin Kay's Avatar

    Multiple Time Frame Power Strategy – Can you handle it? !!!

    Hi, guys. This weekend we published two completely new reviews by Bogdan G.
    The first I want to present to you is ready!

    Originally posted by Bogdan G. Click here for the full startegy review.

    Full Review of the Multiple Time Frame Power Strategy

    How to use the Multiple Time Frame strategy

    This system takes advantage of the power of two classic indicators that I already talked about in my “Simple Balanced System” review. I am referring to the Relative Strength Index (RSI) and Stochastic Oscillator; you can find them as built in indicators for the Meta Trader 4 platform.

    Why the Multiple Time Frame Power system doesn’t Suck?

    It doesn’t suck for a simple reason: all entries in line with the higher time frame price direction have a greater chance of success. I don’t want to sound like a broken record, but…the trend really is your friend and you have to know how to take advantage of it. This system makes us pay attention to the big picture, to what happens on the higher time frames and filters out a lot of noise. The Stochastic settings and even the ones for the Relative Strength Index can be adjusted to suit your own style and increase the amount of signals or decrease them

  2. #2
    Veteran Member Ammeo's Avatar
    I usually switch between H1,H4,Daily....works better for me than using lower timeframes.....personally i dont use indicators excepts MA's for doing binaries....bt RSI,Stocastics and MACD r my favourite ones when trading equities...

  3. #3
    Senior Member Grae's Avatar
    I shall give it a try.

  4. #4
    Master Member Bogdan G's Avatar
    Quote Originally Posted by Grae View Post
    I shall give it a try.
    Great. Just make sure it's demo money you use for trying it out.

  5. #5
    Legendry Member willyw's Avatar
    Quote Originally Posted by Ammeo View Post
    I usually switch between H1,H4,Daily....works better for me than using lower timeframes.....personally i dont use indicators excepts MA's for doing binaries....bt RSI,Stocastics and MACD r my favourite ones when trading equities...
    It would be safer to use the daily/weekly chart to analyze the major trend and use the small time frame, 30min/1hr/4hr to find entry/exit point. In this way, you are trading on the trend instead of against the trend.

  6. #6
    Specialist Member RCox's Avatar
    I think the basis for this strategy is useful in a way that many traders miss. It can be very easy to rely on a single time frame and become too lazy to look at an asset from a multi time frame perspective. Longer time frames are great for developing a general bias and shorter term time frames are great for deciding when exactly to pull the trigger. I fall into the lazy trap sometimes myself and this usually winds up being costly as it almost certainly prevents you from getting in at the best possible price.

  7. #7
    Senior Member linda_fx's Avatar
    Quote Originally Posted by RCox View Post
    I think the basis for this strategy is useful in a way that many traders miss. It can be very easy to rely on a single time frame and become too lazy to look at an asset from a multi time frame perspective. Longer time frames are great for developing a general bias and shorter term time frames are great for deciding when exactly to pull the trigger. I fall into the lazy trap sometimes myself and this usually winds up being costly as it almost certainly prevents you from getting in at the best possible price.
    I personally use multiple time frames for every single trade. I take a look firstly on weekly and daily charts for the bigger picture and then move to H4 to determine the S/R levels and overall market sentiment and after that I jump into details on 15 min and 5 min charts, where I search for a signal, but the direction I have already defined on the H4 chart only the exact moment of placing the trade I chose on the smaller time frames.

  8. #8
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    Good review.
    RSI + Stoch. Both fall into the category of leading indicators which can cause frequent false signals. How about adding MACD or MAs to this strategy? Eventhough multiple timeframe reduces chances of false signals, but still if a lagging indicator like MACD or MAs are also used, it can reduce the number of false signals.

  9. #9
    Active Member jephry88's Avatar
    Quote Originally Posted by M.J View Post
    Good review.
    RSI + Stoch. Both fall into the category of leading indicators which can cause frequent false signals. How about adding MACD or MAs to this strategy? Eventhough multiple timeframe reduces chances of false signals, but still if a lagging indicator like MACD or MAs are also used, it can reduce the number of false signals.
    Don’t you think it will be too overcomplicated if you use so many indicators on multiple time frames there will be some so many confusing situations where the signals will show different things and there will be no signals at all?

  10. #10
    Master Member Bogdan G's Avatar
    I also think that adding more indicators will just complicate things, but feel free to try it.

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