Fabio,
I find this strange.
I expected that it wouldnt scale into a trend, opening and adding new positions while one was still open on the same chart. This is usually a self check clause thats programed in, but it should be able to open new positions on the same currency pair if a new chart and time frame are used.
quote from Don Steinitz:
"Theoretically you can run the robot on the same currency on different chart(s) by placing the robot on one of eight different time frames. Our magic number sequence uses a random number, name of currency and currency timeframe to distinguish each currency from another."
Is there a limit to how many different charts can be open at once on MT4? I could theoreticaly see running this robot on several different time frames as opportunities presented themselves. basicaly the shortest time frames would be the work for the robot, the work thats hardest to do on ones own. But when a stable trending opportunity presented itself, it would be beneficial to open longer term positions.
I would consider running programed trades on every time frame up to H4. At the higher time frames its easy enough to manually manage the trades, but the program could still be beneficial as an indicator, or to open the trades, or even to manage them if theres no limit.
This could be an interesting way to diversify the trading, across multiple time frames, and multiple currencies. |