Backtesting Multiple Time Frame Function not working?
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I have a Logic that I use on the M15 which opens a few trades.
I want to add Heiken Ashi as one of the opening logics but at a higher time frame.Higher Time Frame BUY Logic:
Chosen Candle Type: Bull
Previous Candle Type: -- (previous candle type can be bull or bear)
What to get?: Close (doesn't really matter I think since we're not getting any specific value of the previous candle)
Time Frame: H4
Candle ID: 1When I finished the initial backtest, it opened 1 trade only. I checked the higher time frame and it should have opened about 50% trades of the original backtest. I loaded my multiple time frame indicator in mt4 it checks out which was puzzling.
HOWEVER, when i tried to do the backtest again. I loaded my indicators first, then proceeded with the visual backtest. I noticed that the Higher Time Frame indicators I placed did not get their values updated. They remained to be bears throughout the testing when the H4 Heiken Ashi should have been switching from bears and bulls quite often.
Is this a limitation of mt4 backtesting that it cannot calculate multiple time frame indicators? If yes, is forward testing my only option?
I have more questions but this is my roadblock right now. Hope you guys can help.
Thanks guys!
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@gorilla fxDreema can backtest different timeframes at the same time for sure. Probably the problem is in the logic used in your project.
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I'll check on it again. Thank you very much!
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@gorilla You're welcome.