Hi,
I've been playing around with various timeframe-related strategies, and so far it appears to be that signals based on the longer timeframes generate more profits in the long run.
For example, if I program a strategy firing off positions based on the M15 chart aligning with the long-term trend based on H1, I can get OK profit. But if I take the same strategy, instead firing off positons based on the daily chart aligning with the long-term trend based on the weekly chart, I get 4 times the profit. I would have thought that the shorter timeframes would generate more profit because they would generate more signals.
Can anyone confirm or deny my suspicion that signals generated from longer timeframes generate more profits in the long run, as opposed to the same signals generated from shorter timeframes? Is there some kind of "mathematical law of the markets" that favours the longer timeframes? Is there anyone out there getting more profit from shorter timeframes than the longer ones?