Is a 15-minute chart optimal when the price range is narrow?
Hello!
This is Satori analyzing FX.
Last week's USD/JPY range was reported to be the narrowest in price movement this year.
This time too, I used the "MT4 Reversal Scenario RSI Bands Indicator & Separate EA 3-Currency Set" with USDJPY to investigate.
http://fxmt4indicator.abproducts.biz/wp/?page_id=1554
As shown above, on the 1-hour chart, with a 2.5 Sigma Bands setting, there was only one sell signal.
It was +11.1 pips.
Then, what signals appeared on the other timeframes?
The most effective was the 15-minute chart.
The chart above shows an example of a +5.7 pips buy.
The chart above shows examples of +3.1 pips buy and +15.7 pips sell.
The chart above shows an example of +12.5 pips sell.
On the 15-minute chart, signals appeared 15 times in a week, with 12 wins and 3 losses, a win rate of 80%.
With a standard lot size of 10,000 units, this yielded a profit of 5,300 yen.
It may seem like just a week of data, but this is a key point: especially without optimization, with a currency-free, time-frame-free version and default settings with no filters, this was the test result.
Generally, the forward performance of an EA tends to diverge from backtest results, which can be attributed to curve fitting from optimization.
When curve-fitting elements are strong, even data spanning ten years may be almost meaningless.
Going forward, I will investigate and improve from this perspective.
The "MT4 Reversal Scenario RSI Bands Indicator & Separate EA 3-Currency Set" is based on Bollinger Bands and allows自由に to apply filters using range and RSI.
http://fxmt4indicator.abproducts.biz/wp/?page_id=1554
Since the timeframe is free, it might be interesting to try it on the 15-minute chart with default settings.
If there are GIF images from the blog, MT4 test reports, etc., those can be downloaded for free as much as possible.
This time’s images are included as well.
Blog images, MT4 reports, etc. free download
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