You only have one timeframe to trade. Which one do you pick?

Originally, because I voted “other” myself, and wasn’t expecting that so many others would, I was interested to see who else did, and whether they posted to say why (some did but never made any other posts anywhere, which I found a bit odd).

Then four or five other members and I started discussing and theorising by p.m. how and why so many new members were so suddenly being banned for no apparent reason, many of them after only one or two posts.

Given how obviously infested by both groups this forum is, I see that that’s the natural guess.

But bots don’t vote in polls, I think.

The posts (of the ones that also posted above) certainly display none of the obvious bot-behaviours.

While many of those members weren’t here for long enough to have been identified as either scammers or spammers, some of them made some other posts of interest and/or value (I thought) but they were still banned almost immediately.

One of my own (“in-real-life”, not just “online”) friends here - definitely not a bot nor a scammer, nor a spammer! - was recently banned for a deeply mistaken “reason”, and I’m reliably assured by several other members that it isn’t by any means the first time that’s happened, either.

So, for all these and one or two additional reasons, my own guess is actually very different from yours.

I’m a “secret detective.” :blush: :laughing:

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If I had to choose just one timeframe to trade, I’d go with the 4-hour chart. It strikes the perfect balance between noise and clarity. It’s not too fast like the 1-minute or 5-minute charts that demand constant screen time, and it’s not too slow like daily or weekly charts that delay entries. The 4H gives you enough time to analyze setups properly, spot reliable trends, and still take advantage of intraday moves. Plus, it works well for both swing and short-term trades without needing to overtrade.

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I would pick the 3 months time frame so I have to do just one trade in my life …I will open a position at 25 and close it at 80 shortly before death and hopefully I will be in profit😜

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You won’t benefit from it much, yourself? But your family will, after you’ve gone? It’s an unusual approach! :sunglasses:

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Can you really take advantage of intraday moves, from a 4-hour chart? What kind of trade duration would you mostly expect, when you do?

And welcome to the forum! :slight_smile:

You need to back test constantly. What else do you have? Can you test the future? We are making a decision based on something. Do you have anything besides the past?

Welcome! Yea, I can see the appeal. For me, I just wouldn’t get enough trades to learn , or it would just take forever.

Yea, I have time to watch the charts intraday. This works best for me.

Can market conditions of your backtesting period be completely different that what’s currently happening in the market right now? I think that’s what miyagisword is questioning.

I mean, if you have a technical system, maybe a different story.

how can someone back test consistency?! you check to what extend you have been consistence? :smiley:

Yea I guess the question is how far back, and what does that result tell you about the near future market environment.

Do you mean 1. checking how consistently the the strategy produces results or 2. checking how consistently you follow its rules?

If 1: That’s what the constant back testing is for.
if 2: That’s up to you. You can automate it and then the consistency will be 100%.

Of course they can. That’s why the more often we back test the lesser the chance to be hit by some completely different market conditions.

Yea I get that. What are you using to back test?. I think I just haven’t figured out the best way to go about it.

Demo trade with active market data? It’s trading with the current market conditions.

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That’s like testing forward. Do you prefer testing 1 year for 1 year, or couple years for couple hours or less?

It really depends on your personality and goals. Shorter timeframes like 1m or 5m give more trades but come with a lot more noise, while higher ones like daily or weekly filter that out but require more patience. Many traders settle somewhere in the middle, like 1h or 4h, since they balance clearer signals with enough opportunities to stay active.

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Sounds right. I’m not saying backtesting is bad. I’m just wondering about how effective it is after so much time and data is used. I guess it also depends on whether it’s purely technical versus relying on fundamentals.

Good points. Lots of noise on 1m and 5m. Still giving them a look.

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