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Very true. But I doubt over a collection of hundreds of trades, the end
result would be much different. If it does, I better look for a more
robust strategy anyways.
In this particular strategy, ema isn't used for entry/exit. It's
strictly a modified morning range breakout. But I wanted to raise the
stop if the closes are in the right side of the ema. Initial results
look promising.
I was actually wondering if there's a generic way to modify indicators
(ema, cci, you name it) to apply higher time frames on smaller time
frames like a 1 minute chart. And I doubt there's a easy way to do so.
Sure, I can code my own version of ema and get what I want, but it's not
easily portable to any other indicator. I have to code all of them one
by one. Fortunately, I am not using many indicators.
Thanks again for the help.
Abhijit
Gary Fritz wrote:
The way I do this is use the 1 minute chart for everything. An EMA
of length=34 on 13-minute bars is the same as an EMA of length=442 on
1-minute bars (13*34=442).
<pedant mode>
Similar, but not the same.
</pedant mode>
Gary
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