Many strategies incorporate multi-timeframe analysis in their decision making process. Consider the example of a moving average cross strategy. The most basic version says to buy when a fast moving average crosses above a slow moving average. Multi-timeframe analysis involves jumping to a chart of a longer period to consider the setup there, 同様に.
、 20 period SMA (fast) crosses above the 50 period SMA (slow) on the M15 chart.
Now jump to the H1 グラフ. Is the fast SMA greater than the slow SMA on that chart, あまりにも? もしそうなら, then the trade is allowed. そうでない場合, 、 EA skips the signal and waits for another one.
The technique has the potential to work if your strategy offers some type of statistical advantage. Moving averages sometimes work when applied using a trader’s discretion of general market volatility. If you leave an MA cross strategy on a chart unattended, しかし, my expectation is that you would have no better chance than trading at random. Adding another layer of analysis will not change the fact that the basic premise offers no advantage.
MetaTrader does not restrict エキスパートアドバイザー to reading information from the applied chart. When you program an EA to trade on EURGBP M5 グラフ, you may also read price information from the EURGBP M1, EURGBP H1 or any other chart available. You can even read information on multiple pairs.
Some traders like to watch correlated forex pairs and currencies. EUR/USD and USD/CHF typically share a -90% 相関関係. When EURUSD goes up, USDCHF typically goes down. Exceptions do occur, and those traders tend to look for exceptions on the expectation of them ironing themselves out. Expert Advisors make this fairly simple to handle. You just program the question, “What’s the last closed price of EUR/USD M5 米ドル/スイスフラン M5?” The code gives you the answer, then the EA can make decisions with it.