I use Gunbot for my trading necessities, utilizing it as an exit tool and complete automation.
That mention brought back memory of when I newly started on this forum. BTT was the first place I heard about Gunbot. Sadly, I don't use or rely on bots for trading and couldn't come around trying it out. 
Topic: Which timeframe do you use for day trading? - page 3. (Read 536 times)
My disposition is towards swings/position trading but on a few occasions that I do day trading I rely on 1hr TF as compass and 15mins for its entry. It helps me sieve market noise which the lesser TFs won't be able to trap. Technically, I think those who rely on 5mins and 1min are more of scalpers than day traders.
I usually use the time frame on H1, by analyzing it on a larger time frame on H4, but making decisions and exiting the market on H1. I think this time frame is suitable for daily trading in analyzing, because the smaller the time frame, the more specific the analysis will be
The smaller time frame is not entirely more specific, it just helps us to form some of the next picture pieces that the candle will touch but due to the simple nature of the candlesticks with buying and selling forces forming, almost all the small time frames are more likely to show false signals, professional traders often have to combine with large time frames to have a better sense of the market. However, very few people are able to integrate time frames to increase the efficiency of their analysis, so day traders are less successful. 
you are better off using something like 1H if you want to be successful and then move into the lower timeframe for higher risk trades. Because the higher time frame trades usually end up working out unlike the mess that sometimes you see on the 1m charts.
If we take candle sticks then 1m time frame for scalping and this way when we go up with time frame then we can extend the period of holding our open positions. Smaller time frames are known for predicting non-clear trends which means such time frame predictions may trap us at any time. Overall, moderate time frame anything between 30 minutes to 1 hour or 2 hours might get us up to 80% accurate predictions.I usually trade along with 4hrs time frame which is consistently getting me stronger reversal signals.
I guess you must be having more patience. How often you open a trade and what would be your profit/loss hit ratio. I am just curious to know you stats because I am not seeing most people do recommend 4hrs time frame here. Is timeframe really that important?
You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
Maybe yes and 5 mins is the perfect time for me for scalping time. You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
With that low time frame of trading, it is also important if we use an automated tool for trading so that there will help us when we was away from the computer. So its a perfect tool to have in day training and 5 mins are the time frame that I want.
As I said, whatever timeframe you use and whichever is very effective to you. Then you have to decide on which of those are very effective to you so that you'll get used to it and you'll make a productive trading.
I usually use the time frame on H1, by analyzing it on a larger time frame on H4, but making decisions and exiting the market on H1. I think this time frame is suitable for daily trading in analyzing, because the smaller the time frame, the more specific the analysis will be
Day trading depends on the market. If the market is not moving don’t trade that day. There won’t be trades everyday. When I used to day trade i would use 3m-15m charts. Using 1m results in too much noise and 3m makes it more smooth.
However keep in mind, you are better off using something like 1H if you want to be successful and then move into the lower timeframe for higher risk trades. Because the higher time frame trades usually end up working out unlike the mess that sometimes you see on the 1m charts.
However keep in mind, you are better off using something like 1H if you want to be successful and then move into the lower timeframe for higher risk trades. Because the higher time frame trades usually end up working out unlike the mess that sometimes you see on the 1m charts.
Timeframes are damn important while trading, because when you will trade for a short duration of time and want a quick trade, you can look 1 min, 5 min, 15 min and 30 min charts while 1h, 4h, 12h and daily charts will help you understand medium and long term trades and you will also allocate less money in such trades because of risks like hitting your SL (putting SL is a must in any position type). Timeframes give an idea of where the trend will be moving and candles help us understand the direction of where we should be opening our trade from.
Yeah, time frame are becoming more effective when we are going for longer one. Because, when we are looking for short period of time frame then there will be the more possibilities of including noises which means short-term trends will be misleading us if we are going for small time frame while trading. So, in order to eliminate all the problems of noises (short-term trend) then we must need to go for longer time frame.I usually trade along with 4hrs time frame which is consistently getting me stronger reversal signals.
Is timeframe really that important?
You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
Timeframes are damn important while trading, because when you will trade for a short duration of time and want a quick trade, you can look 1 min, 5 min, 15 min and 30 min charts while 1h, 4h, 12h and daily charts will help you understand medium and long term trades and you will also allocate less money in such trades because of risks like hitting your SL (putting SL is a must in any position type). Timeframes give an idea of where the trend will be moving and candles help us understand the direction of where we should be opening our trade from.
i think everybody has their time to do trading. to do daily trading I do a longer time of approximately 30 minutes, it is done to see the market first before trading. actually trading can be done in a fast time but I chose a little longer so that I can better understand the crypto market. if we are good at trading and have started to understand the market then usually someone only needs a few minutes to wait for the right time to trade. whatever time or length of trading it all depends on how we trade itself, so keep doing your best.
Is timeframe really that important?
You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
Maybe yes and 5 mins is the perfect time for me for scalping time. You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
With that low time frame of trading, it is also important if we use an automated tool for trading so that there will help us when we was away from the computer. So its a perfect tool to have in day training and 5 mins are the time frame that I want.
Is timeframe really that important?
You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
You could use any timeframe that you want and whatever is effective and profitable to you, do and use it. Such strategies that works for you must be kept and stay with.
You only need to execute it and see what happens.
I’ve been working on a trading bot for the better part of six months. It uses a five min timeframe to make decisions. Do most intra-day traders use such a short time frame as well? Has anyone had any luck with a custom timeframe like 7 mins?
Doesnt matter on what time frame you've been using when it comes to your day trading as long it is really effective or you turned out to be profitable and making yourself sustainable towards the market.Basing on my own experience on where trading up on shorter time frame on a day trade is really hard based on my experience, the shorter the timeframe is the harder to make out some guess
or speculations because im not really that fan on less or small timeframe thats why i do stick with 15m or 1hr timeframe which i do find out some biases towards those positions.
You are like my friend. he if daily trading only takes a short time. Unlike me, maybe it takes me 1 hour and maybe 45 minutes at the most.. Indeed, every individual has his own trading style.
In the case of short-term trading, you have to find shortcuts to see the movement of the market. If I do short-term trading, I prefer several timeframes. They are 1 hour, 30 min, 5 min, 1 min timeframe these are the ones I use. In fact, if I open a trade, my other eye is on it. The only reason to look at short timeframe charts is to estimate the live volume and buy sell pressure of the market. Every trader has their own style of trading. So maybe everyone's style doesn't match here.
I use 1 min and 5 min timeframe for scalping opportunities as well as if I see there is a trend occuring, I trail my SL and let the position run for a higher take profit level. For intra-day, I choose 15 min and 30 min timeframes as they give a better idea of what will the next candle be like. I don't like bots tbh because I cannot trust them with my money as they work on the basis of rules that we set, but if our position starts acting weird and there is no rule to defend that, then the bot will not react and we might lose.
the time frame in crypto trading solely depends on the level of trust when looking at the exchange. if the market conditions are right when it falls, then the opportunity is right in front of your eyes to be used, just like the algorithm used in trading robots and even then you must have sufficient capital when the robot is in a losing position in the fourth round phase.
as for the minutes you use are also determined on each price movement.
as for the minutes you use are also determined on each price movement.
I am using the 30 minute and 1 hour time frame for day trading. These both are good time frames for day trading. But trading indicators are also very important for technical analysis. In time chart we can judge the behavior of market that where market wants to move. So, using time frames are very important for day trading, and long term trading. But every analyst have their own opinions. Some are using 5 min or 15 min time frames for day trading.
You are like my friend. he if daily trading only takes a short time. Unlike me, maybe it takes me 1 hour and maybe 45 minutes at the most.. Indeed, every individual has his own trading style.
I’ve been working on a trading bot for the better part of six months. It uses a five min timeframe to make decisions. Do most intra-day traders use such a short time frame as well? Has anyone had any luck with a custom timeframe like 7 mins?
7 mins seems weird though because commonly those day traders uses 5 min or 15 min then 30 and so on but you can do as you wast which depends on how you program it.
To be sincere the time frame you use is very short, I don't use such time frame when trading, because for me I think the candles on that time frame wouldn't be strong enough for me to determine what the next move of the market would be, so I prefer using the longer time frame like the 1 hour time frame for scalping and having good entry but for long term trade or investing I use the weekly and monthly chart pattern. About trading with bots, i ain't familiar with it so I can't say more or less about it.
First time hearing 7 minutes, I usually see 1m, 3m, 5m, 15m, 30m, 1hr and so on. I do usually look at 1 hour to 4 hour time frame in day trading I think I can analyze well in this hours rather than 15m and below time frame or what some people call micro time frame.
Yes, For daily trading, Usually I also use the 1-4 hour timeframe, Sometimes I also see the daily timeframe to confirm my market analysis.Unless I'm trading futures, I usually use a 5 - 30 minute time frame. Because it only takes small moves to get big profits.
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