I've had it running on H4 for a bit and it's doing ok but I think there needs to be tweaks to make it really successful. The issue is that once a pending is set, if price retraces further the pending stays where it is - so after a reasonable pullback you have to make a new high to get back in. This is fine and I am sure as intended for D1 (you have time to move pendings manually if you want to) but on H4 it is a bit of an issue - see attached for an example of what I mean.pipcruiser » Mon Nov 24, 2014 4:26 pm wrote:Thanks for the kind words Matt![]()
What lower timeframes have you been testing on? ( I mean non-OOTB)
PC
BTW - I initially set the higher timeframes to D1 and W1 but it wasn't working well - so just put them back to W1 and MN1 - so we are trading H4 in the direction of the major trend when there is an H4 candle in the opposite direction.
D1 still doing very well
Cheers,
Dave.