Home › Forums › EA Studio › Trading Robots from EA Studio › Are EAs on 5min and 1 min real useful? › Reply To: Are EAs on 5min and 1 min real useful?
Hello all,
I wanted to share some insight on trading the smaller timeframes as M1 and M5.
When you use FSB Pro where you can use longer time frames, there are two ways to do it.
One, you use the small time frame, for example, M1, as a major timeframe, and you add different filters on the Higher time frames. For example, you have 2-3 entry conditions on M1 and then you have a couple of Entry conditions on the Longer time frames as M15, M30, H1, etc. This way you filter all the entries that appear on M1.
The other thing is that you can use a longer time frame as H1, and add smaller time frames. Now here you come with the logic that the trade will happen when the smaller time frames are ready for it. For example, you can have the entry condition there on H1, but if there was some quick reverse or change of the trend on the smaller time frame, you can protect from that by adding smaller timeframe filters.
Hope that is useful!