Hi Rick
I'm just wondering why you pair the 5m with the 4h chart for your suggested idea - I spent some time today looking at those 2 timeframes side by side and the 5m looks very noisy or choppy compared to the 4h. I put an example of the GJ 4h with 2h, 1h & 30m below and you can see how even on the 30m timeframe for most of the pullbacks on the 4h even the 30m price chops above/below the MA's quite a bit. Is the idea that the 5m allows one to work within the timeframe of a single trading session?
Re back-testing I am obviously a big believer. Back-testing will never guarantee future results but it has a lot of uses in understanding and managing risk if used right. I do agree with your point there are always differences to trading live because it doesn't take into account things like slippage which can only be determined by trading live.
Cheers, Sharks
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