## Using ProBackTest with IT Charts

This is a discussion on Using ProBackTest with IT Charts within the Trading Software forums, part of the Commercial category; Hi, I am learning to trade with IG Index and I have stumbled across their ProBackTest module which could be ...

Mar 7, 2008, 1:18pm   #1
Joined Feb 2007
Using ProBackTest with IT Charts

Hi,

I am learning to trade with IG Index and I have stumbled across their ProBackTest module which could be useful.

Does anyone know how to create conditions for entering a trade that rely on multiple timeframes?

Eg. Only go long if price is above:
- the 5 min 50 period moving average
AND
- the 30 min 50 period moving average

Without this kind of timeframe filter, I can't accurately test out ideas.

Many thanks.

PS: I could put a 300 period moving average on the 5 min chart to mimic the 30 min 50 period MA, but I understand that it is not the same thing?

 May 15, 2008, 2:20pm #2 Joined May 2008 im also wanting to understand how to trigger trades based on different time frames. Have tried using the various time functions with a loop to no avail. Cant seem to find a decent explanation on how to use the various functions.
 May 21, 2008, 4:26pm #3 Joined Aug 2007 300sma on a 5 mins would be the same as 50sma on the 30 50 periods of 30 mins (50x30)= 1500 /5 = 300 sma if you want to make sure then... 300 periods of 5 mins (300x5)= 1500 which is = to (50x30)
 Jan 27, 2010, 3:20am #4 Joined Jan 2010 Re: Using ProBackTest with IT Charts have the same problem here, how to use different time frames to make rules?
 Mar 3, 2011, 7:35pm #5 Joined Jul 2010 Re: Using ProBackTest with IT Charts You can use different time frames in Proscreener but you cant Back test your system using different time frames in Probacktest, annoying I know Proscreener Code would be something like this TIMEFRAME (5 mn) Price5min = CLOSE x5minMA50 = ExponentialAverage[50](CLOSE) c1 = (Price5min > x5minMA50) TIMEFRAME (30 mn) Price30min = CLOSE x30minMA50 = ExponentialAverage[50](CLOSE) c2 = (Price30min > x30minMA50) SCREENER[c1 AND c2]