One interesting thing that I observed is that at lower timeframes there is a lot of noise. I scanned the AHG (Anekdoten's Holy Grail with 3 bar reversals) for 15min, 30 min and Hourly timeframes. And there were some good calls which were going in the right direction. I should probably look for atleast 15 min and above timeframes to cancel the noise. Or I get whipsawed easily.
In the weekend, I will backtest on 15min, 30 min and Hourly timeframes since beginning of 2008 to see the success ratio.
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