thank for the comment.
My main concern with that strategy is that the 4hr and 5 min are so far apart that I wouldn’t be able to correlate the 2. That’s just me tho.
may be further clarification to this point helps in justifying others
let me ask you why would you prefer a larger time frame?
the answer I would expect … to catch the trend so, in such case, 4 hr is more than enough for 20-30 pip no need to look higher time frames otherwise you plan to have one trade per week.
but in case of daily trading 4hr is the best as it gives you a range of 50 pips in term of the target even stop loss which is the key factor here.
The 1hr frame will not give a true trend and also I can have a look to confirm the trade
I’m using 2 strategies in 5 min and 1 min to start the trade and minimize the stop loss as much as possible and to perform scalping with many entries to the same target of 4 hr