Topic: mandatory for short term trading

Need More Closing and Opening Logic conditions without using bar closing or bar opening conditions.

is there any way to tweak it  ?

Waiting for bar to close or open on lower time frames on 5min or 1min is reducing the flexibilty of taking profits and
exiting a trade with minimal loss . ofcourse it consumes ram and power
but we cannot sit in two boats at a time.

Re: mandatory for short term trading

jeevan wrote:

Need More Closing and Opening Logic conditions without using bar closing or bar opening conditions.

is there any way to tweak it  ?

Waiting for bar to close or open on lower time frames on 5min or 1min is reducing the flexibilty of taking profits and
exiting a trade with minimal loss . ofcourse it consumes ram and power
but we cannot sit in two boats at a time.


Ideally is to use 1min's open/close price to calculate the higher time frames (eg H1) parameters instead of waiting for H1's close price, we use 1min's close price to constantly calculate the parameters.  That would have the best of both world, higher time frames stability but lower time frames execution speed.

Re: mandatory for short term trading

yes what you said works when we trade higher time frames , what if we want to trade  one minute time frame it becomes tough..  but thank you big_smile