Topic: Longer Time Frame: How Fast Do You Want to React to Market Changes?
How Do you make your trading decisions?
Do you prefer your EA to:
1A. Able to scan all the various time charts to calculate the best possible entry position, or
1B. Observe only 1 time chart such as H4 and enter into a trade position based on 1 time chart calculation, i.e H4?
When a market started to move significantly, do your prefer your EA to:
2A. Able to scan every minute and enter a trade any minute when it is right, or
2B. Only make the decision every 4hr only when Bar opens/close, if during the current 4th hour, the market is not ready, wait till the next 4hr later to make another decision. And in between if the market move significantly, don't do anything but wait for the next 4th hour to decide.
As for me, I would like my EA to watch market on various time charts and make a decision anytime the market is ready and not wait till the next 4hr when the bar opens or close. Hence, wouldn't anyone who uses a H4 time frame in FSB Pro be waiting for every 4th hour to decide when to open a trade or not?
Would a manual trader look at his clock and allow himself to trade only when the clock strike every 4 hours and he uses only 1 time frame to make his decision? That sounds odd to me. Hence, wouldn't anyone who uses H4 FSB Pro time frame to generate strategies be doing just that, delaying their trading decision every 4 hours instead of be ready every minute when the market is ready?
Please correct me if my assumption on how the H4 time chart on a FSB Pro opens trade only on a 4 hourly basis is wrong.
If anyone wonder whether can 1min FSB Pro strategies make profitable EAs, take a look at this EURUSA Best EA portfolio, it's make up of mostly 1min strategies and it make 70k in 4 days. All EA with opens with 1 lot. DD 15% Profit 70%.
As for me, I use 1min chart with many Longer Time Frames so that my EA scan all most time chart and ready to react any minute when the market is ready. Hence, I wonder why would anyone restrict their EA to a react slower when using higher time chart to generate their strategies.
My other portfolio has hundreds of EAs (both good and bad ones) yet still making money.