Time frames are one place to edge your strategy on while trading and have proven to help on different grounds. Knowing that the candles are set up based on time frames and as such, the patterns it forms is noticeable and studied with future expectations on them, it becomes something of great importance.
I personally run my threads mostly on the 30minutes to 1hour time frame. Yeah, it gives me the sort of comfort I want especially for the one hour as, I don't get to return to my charts more often than necessary. It's over whelming but the 30minutes and 1hour time frame goes for me most times.
Topic: Which timeframe do you use for day trading? (Read 603 times)
I have to tell you how I does, sometimes if I want to be actively know proper how the market goes I will view from all the timeframe to determine what will happen next most at time 5 minutes or 7 minutes get you confused the more. So specifically I uses 5, 15, 30 minutes time., I would love to know how the days will look like then I will view it 1 week time frame.
Using all time frame really helps alot.
Using all time frame really helps alot.
I don't bother myself on what timeframe to use because the most reliae timeframe for trading is 4 hours, daily and weekly. Other little timeframe can be considered depending on the kind of trader that want to use it. A day trader always look at 5 hours, daily weekly or monthly timeframe to have a larger view of what they are trading. Trading is more of know what the market is doing in the larger timeframe before comparing it with smaller timeframes.
lesser the timeframe then higher the sensitive so you add more risk into it
This lesser time is suitable for scalpers. It is really the kind of timeframe that they use, maximum 15 minutes or 30 minutes and they are off the market at that particular order. It is not a risky time as far the scalper have seen the sign to hit the button. Usually if you are not a scalper, it will be a risky venture to use that lower time frame.
Not really doing intra day trading in the recent time or from the beginning but when I do I mostly prefer the 15 min timeframe because it may give better insight about how market movement, lesser the timeframe then higher the sensitive so you add more risk into it but it's upto which timeframe you're comfortable with which varies from one to another.
That majorly depends on perspective of looker. Honestly many peeps also take out profits from the one minute trading window. Very risky but highly profitable if got the right spot. The window is close one, you get faster results and good adrenaline rush too. Though last is not needed but it’s booster for next trading window for sure.
If you guys really want to go for this then just register demo account on IQ options and play with unlimited money. I practiced on the same before running for crypto on actual platform. They do have few pairs of crypto but it’s boring as compared to other platforms.
I'm not really trading right now, but I've always made Long positions and wait as long as necessary until I make a profit, but I place a Stop Loss close to 8%, I never place it at 10%, I think that's enough if it's a 10% what is lost, at the moment it is difficult for me to determine what the market can do, when I have no idea what can happen I prefer not to operate or guess.
Some traders put their positions and wait to see what can happen, they leave it to chance, but I think that one should have well established what can happen and not gamble.
Some traders put their positions and wait to see what can happen, they leave it to chance, but I think that one should have well established what can happen and not gamble.
I'm always scalping in futures so I'm using 5 minutes time frame as always. Sometimes I use 1hr to 4hr timeframe in a random trade that I do, depends on the mood. I never tried using bots, so I don't really rely on luck because trading is all about technical analysis that has done with the data you've gathered by analyzing the price chart.
^ When the market has this behavior that continuously goes down, the scalping strategy in trading is very useful and profitable, it will make a profit frequently even in a small amount in a short period of time and less risk on my part even though you will use a based on luck method. 5 minutes could be the appropriate time for a short-time trader. But if you have a frequent loss in short term trading it would be better if you will take a break for a while.
With the exception of scalpers, who can succeed by employing a shorter time frame from 1 - 10min because it is more effective, a day trader should always concentrate on the first 20min to about 3hrs. These gaps provide the market with a longer perspective and room for surges that will happen before the market begins to take profits.
Though i go with shorter time frame but it all depends on which works for you best.
Though i go with shorter time frame but it all depends on which works for you best.
I'm always scalping in futures so I'm using 5 minutes time frame as always. Sometimes I use 1hr to 4hr timeframe in a random trade that I do, depends on the mood. I never tried using bots, so I don't really rely on luck because trading is all about technical analysis that has done with the data you've gathered by analyzing the price chart.
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?
trading on a daily basis of course they will use a scalping strategy, and it also requires a low time frame, maybe 5 minutes, and some even 1 minute, 10 minutes can also, depending on the trader, but you have to remember,
trading scalping especially daily only can be done in futures trading, and of course it is much more risky
for those who can set up bots on their own, I think it's okay to use trading bots. but I'm sure some people who don't understand the real workings of trading bots will only run bots for profit. even though it may not be relevant to current market conditions.
I don't like the use of trading bots. especially those who sell services for trading bots to beginners.
Yes basically as long as you know how it works regarding trading bots it's not really a problem,I don't like the use of trading bots. especially those who sell services for trading bots to beginners.
however there will be risks so consider it seriously before using a trading bot,
it's probably much better to trade manually
It was like I could start from 100 dollars, go to 10k+ with it, and then suddenly it was zero, not because I suck at it or anything, but the bots are basically terrible at judgement during the crashing periods and make "cheap purchases" when it is going down. It is not as volatile as I gave an example for, but it is definitely not a long term solution to getting richer, it is good during bull and terrible during bear.
for those who can set up bots on their own, I think it's okay to use trading bots. but I'm sure some people who don't understand the real workings of trading bots will only run bots for profit. even though it may not be relevant to current market conditions.
I don't like the use of trading bots. especially those who sell services for trading bots to beginners.
Yes basically as long as you know how it works regarding trading bots it's not really a problem,I don't like the use of trading bots. especially those who sell services for trading bots to beginners.
however there will be risks so consider it seriously before using a trading bot,
it's probably much better to trade manually
It was like I could start from 100 dollars, go to 10k+ with it, and then suddenly it was zero, not because I suck at it or anything, but the bots are basically terrible at judgement during the crashing periods and make "cheap purchases" when it is going down. It is not as volatile as I gave an example for, but it is definitely not a long term solution to getting richer, it is good during bull and terrible during bear.
To be honest, I almost always use different options. Most often - for the reason that the market dictates completely different conditions.
Not really doing intra day trading in the recent time or from the beginning but when I do I mostly prefer the 15 min timeframe because it may give better insight about how market movement, lesser the timeframe then higher the sensitive so you add more risk into it but it's upto which timeframe you're comfortable with which varies from one to another.
Op is saying about using bots. Trading bots usually takes decision from the lower time frame. The algorithm to take decision from higher time frame will be complicated and at times it can misunderstand the market. That is why it is important that bots take decision from lower time frame which can be so bad sometimes. That is why we also do not need to depend on automation 100% on the bots, we can manually manipulate the bot to work in our favour and according to the present market condition.
for those who can set up bots on their own, I think it's okay to use trading bots. but I'm sure some people who don't understand the real workings of trading bots will only run bots for profit. even though it may not be relevant to current market conditions.I don't like the use of trading bots. especially those who sell services for trading bots to beginners.
however there will be risks so consider it seriously before using a trading bot,
it's probably much better to trade manually
Op is saying about using bots. Trading bots usually takes decision from the lower time frame. The algorithm to take decision from higher time frame will be complicated and at times it can misunderstand the market. That is why it is important that bots take decision from lower time frame which can be so bad sometimes. That is why we also do not need to depend on automation 100% on the bots, we can manually manipulate the bot to work in our favour and according to the present market condition.
This is how I understand it, OP is using bot to trade and said he uses 5 minutes time frame, but relating it to manual trading, that is short time possible using manual trading without using bot. To me, trading is more than that, it is not about time frame most times, there are times profit may not come within 5 minutes and it may take longer. Besides, 5 minutes is to short to make adequate profit but it all depends on how you are trading though and profit is what mostly matters, even within short time frame. 
I usually try to use for a short period of time. This seems to me to be the safer option.
It will always be different, there are some people who are not using or sticking to one timeframe like me.For me, on day trading, I am using multiple timeframes, like first, I need to identify the market structure so I am using higher time frames like starting from weekly/daily.
Then after that, I will start using a low timeframe, 4hours or 1 hour. And before I enter a trade, I will start looking at very low timeframes, like minutes or seconds.
Op is saying about using bots. Trading bots usually takes decision from the lower time frame. The algorithm to take decision from higher time frame will be complicated and at times it can misunderstand the market. That is why it is important that bots take decision from lower time frame which can be so bad sometimes. That is why we also do not need to depend on automation 100% on the bots, we can manually manipulate the bot to work in our favour and according to the present market condition.
for those who can set up bots on their own, I think it's okay to use trading bots. but I'm sure some people who don't understand the real workings of trading bots will only run bots for profit. even though it may not be relevant to current market conditions.I don't like the use of trading bots. especially those who sell services for trading bots to beginners.
You have to realize that, the best time to trade is your own time and nothing more. Since crypto is a 7/24 thing, you could find any timeframe in the day where you could make a profit. I have to say when it is "daytime" for Europe, it is still getting a bit of an action, but do people in the USA trade it a lot? sure they do, or Asia? Sure, they do.
This is a proof that we are in a situation where things are not really that much of a trouble for anyone and you could trade during any time frame. But, you need to pick one where you are awake and also not tired or sleepy, so it can't be very early morning when you wake up, or very late at night where you need to sleep.
To this I will add the OP seemed interested in custom timeframes, but personally I do not see a reason why using a custom timeframe will bring more profits than the most common ones, while I can understand the desire to get an edge whenever possible at the same time a custom timeframe guarantees nothing, after all even if you could find a custom timeframe in which your strategy performed at its peak there is no reason to believe such a custom timeframe will keep on giving better profits in the future. This is a proof that we are in a situation where things are not really that much of a trouble for anyone and you could trade during any time frame. But, you need to pick one where you are awake and also not tired or sleepy, so it can't be very early morning when you wake up, or very late at night where you need to sleep.
If you are a trader, you can buy or sell, you can open or close position which can either be long or short. Crypto market is opened all through the day, you can trade at anytime of the day, you will just need to find a perfect time for yourself to use for trading. You should not be addicted to trading, you can use low leverage or use no leverage and set your take profit appropriately and not be greedy.
Op is saying about using bots. Trading bots usually takes decision from the lower time frame. The algorithm to take decision from higher time frame will be complicated and at times it can misunderstand the market. That is why it is important that bots take decision from lower time frame which can be so bad sometimes. That is why we also do not need to depend on automation 100% on the bots, we can manually manipulate the bot to work in our favour and according to the present market condition.
If you are a trader, you can buy or sell, you can open or close position which can either be long or short. Crypto market is opened all through the day, you can trade at anytime of the day, you will just need to find a perfect time for yourself to use for trading. You should not be addicted to trading, you can use low leverage or use no leverage and set your take profit appropriately and not be greedy.
You have to realize that, the best time to trade is your own time and nothing more. Since crypto is a 7/24 thing, you could find any timeframe in the day where you could make a profit. I have to say when it is "daytime" for Europe, it is still getting a bit of an action, but do people in the USA trade it a lot? sure they do, or Asia? Sure, they do.
This is a proof that we are in a situation where things are not really that much of a trouble for anyone and you could trade during any time frame. But, you need to pick one where you are awake and also not tired or sleepy, so it can't be very early morning when you wake up, or very late at night where you need to sleep.
This is a proof that we are in a situation where things are not really that much of a trouble for anyone and you could trade during any time frame. But, you need to pick one where you are awake and also not tired or sleepy, so it can't be very early morning when you wake up, or very late at night where you need to sleep.
I usually try to use for a short period of time. This seems to me to be the safer option.
I must say that the timeframe you're using is a short one though. I usually use 45mins to an hour, sometimes 15 to 30mins so it depends on the coins sometimes but if your timeframe is working for you then go on with it even though that's more of scalping .
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 also have this view about trading. Lesser time frame is usually situation that scalpers use in their trading and that is mostly times not up to an 1 hour. Although every trading strategy is good depending on the success rate and sticking to it is better than to be confused. If a scalper try to use the time frame for swing which is long time, they are likely to fail in such trade and likewise the reverse.
Most of the time it depends on market conditions. It should be understood that the market often requires different working conditions, different approaches and strategies. You need to be ready for this.
I use 30minute and 3 hour for day trading.
I develop a trading robot on tradingview, and it has highest profit on this timeframe.
I develop a trading robot on tradingview, and it has highest profit on this timeframe.
Cool many of them are able to day trade in as small window as 1 min!! That’s too tiny but I assume that’s for the highly volatile coins only. Because I see no point in trading let’s bitcoin on one minute scale. It won’t be moving that much and entry and exit would be way way smaller window. How much margin that could get us, may be nothing. I have done this on casino actually. I think it’s, duelbit where they have this section of trading live. They have very small windows like this but always loose money. Not sure it’s for me.
The shorter the duration the more harder it is which we know that scalping,daytrade is something that cant really handled out by anybody specially if you are just new into trading.Even myself do really have a hard time on doing this one even i do have that sufficient experience.I do never intent to touch up this one since it could really be putting you
up on big trouble but if you could bare up with the volatility in a short duration then go ahead but if not then better stick with swing or trend trades because
that would surely give some confidence.
Cool many of them are able to day trade in as small window as 1 min!! That’s too tiny but I assume that’s for the highly volatile coins only. Because I see no point in trading let’s bitcoin on one minute scale. It won’t be moving that much and entry and exit would be way way smaller window. How much margin that could get us, may be nothing. I have done this on casino actually. I think it’s, duelbit where they have this section of trading live. They have very small windows like this but always loose money. Not sure it’s for me.
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?
I have rarely seen any person using time frame of 7 mins or any unusual time frame, the concept of using a time frame which is used by a lot of people is that you are seeing what a lot of people are seeing which means if there is a breakout and a lot of people see that breakout and buy you can be part of that crowd as well, it just about getting other confirmation using signals to ensure that it is actually a breakout, on a 7 min chart you would see a breakout which nobody else is seeing or buying so I am not very sure whether it will be profitable or not.
I've also used trading bots to make trades. According to my experience, the average trading bot applies a time frame of 5 minutes to 1 hour for intra day. Actually the time frame is flexible, the most important thing is what program the bot has to execute/entry with maximum accuracy.
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?
I also working for short trading. But i am trading manually and my timeframe is max 12 hours for spot trading and 30 min for future trading . I make my decision within that timeframe. Whatever the loss and gain according to the situation, I then sell it up And prepare for the next trading Before I start taking any new trades, I first do an analysis of the shorts and then take there is a time frame of 15-20 minutes for day trading. I think New trade is very positive during this period. It is better to take new trade by own research.
Depends on the strategy, but lower timeframes were a lot of false signals in my strategy, so first I'm going to check the higher timeframe for the trend, whether it's bearish or bullish, and then I'll check the lower timeframe to see where my possible entry points are. To be more successful in trading, I would say ride the trend or follow the trend because there is a high probability that you will win in your trade.
I mostly use 1 hour to 4 hour time frame seems more accurate than in micro timeframes but I use that when I do swing trades but if I'm doing a day trading I usually looked into smaller timeframe 5 mins to 1 hour maximum but some people do actually good at 1 minute timeframe or lower but I don't understand that because you can see the behavior of the market in bigger time frames.
Before I start taking any new trades, I first do an analysis of the shorts and then take there is a time frame of 15-20 minutes for day trading. I think New trade is very positive during this period. It is better to take new trade by own research.
Depends on the strategy, but lower timeframes were a lot of false signals in my strategy, so first I'm going to check the higher timeframe for the trend, whether it's bearish or bullish, and then I'll check the lower timeframe to see where my possible entry points are. To be more successful in trading, I would say ride the trend or follow the trend because there is a high probability that you will win in your trade.
I want to take your word for it and I've bookmarked that site. I will peruse it, surely. It will really interest me and an advantage too if that bot can also be used on Forex and Binary platforms.
Yeah of course. That's a great way to examine an investment. If you have any questions about it, you can PM me for that. It is an advantage if you really know what you are going to do. As for Forex, it's in the works but not yet for release. Binary Platforms, I'm not so sure yet on what is planned. 
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.When you do minutes, like 1 minute or 5 minutes that's usually buy now and sell a few minutes later, but when you do it in hours it is buy now and sell days later. It is basically the same concept, the only difference is that we do not act as quick as you guys do, however the mindset of buying and selling doesn't change, just the time changes.
I think you should check it out though if you are really serious about trading and want to take advantage of the 24/7 market.
I want to take your word for it and I've bookmarked that site. I will peruse it, surely. It will really interest me and an advantage too if that bot can also be used on Forex and Binary platforms. 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.
Mostly probably people are using at 15 minutes, but you have to be very careful in day trading about the coins and their all history because the chart in day trading of the coins effect really much, after buying or selling some coin, just look at their charts I mean graph and after that you will have some knowledge about the coins.
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 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. 
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.
Personally, I'd check 1 min, 5mins, and sometimes I check a 1-hour timeframe in order for me to finalize my decision. For short-term trader this actually it works but if you only have a few time to do trading, it was best to extend the timeframe like 1 day or a week.
Well, that gonna be necessary to check all the timeframe if you have enough time to do it. Some basis of our analysis might not just be in a small timeframe but we could also get an idea of the behavior to that particular coin when we do it. That is really time-consuming but I believe it has a market advantage.
Well, that gonna be necessary to check all the timeframe if you have enough time to do it. Some basis of our analysis might not just be in a small timeframe but we could also get an idea of the behavior to that particular coin when we do it. That is really time-consuming but I believe it has a market advantage.
It's good to see how others are approaching trading and making themselves more efficient with the use of bots. I use Gunbot for my trading necessities, utilizing it as an exit tool and complete automation.
It's good to test out different parameters, but we know that the market is unpredictable at the end of the day, and the results can vary continuously on other setups.
Anyway, for my day trading strategy, I usually use 15 mins for that. Whenever I think of day trading, it's okay for me to hold a position for a day and not longer than that. Right now, my focus is on market making, though.
It's good to test out different parameters, but we know that the market is unpredictable at the end of the day, and the results can vary continuously on other setups.
Anyway, for my day trading strategy, I usually use 15 mins for that. Whenever I think of day trading, it's okay for me to hold a position for a day and not longer than that. Right now, my focus is on market making, though.
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.
I'm not using bots that's why I'm just trading in the daily chart. A slow way of making money I guess because sometimes I exit back to USDT after several days or a week after. And sometimes I just earn $20 to $50 if the movement of the price goes more than 5%.
I have not seen anyone distributing free bots in crypto trading actually. While we are at this thread, may I ask where you got the bots and is it free?
Thanks for your reply. I actually made my own bot. It performs very well and I am constantly improving it, which was the reason for my post. In the last 30 or so my clients are up over 127%. I do have two options for licensing but neither is free.
Lower timeframe like minutes from 1-15min is scalping except you are a scalper then you can succeed buyif not so, a day trader always concentrate on 30minutes to 4 hours and that works better. Such time gives a longer look to the market and space for spikes that will happen before the market settles for profit taking.
I do have a daily work and I really can't watch the market on what going to happen in other words I can't do technical analysis in small timeframe and I usually do swing trade and whenever I'm at home I do 30mins - 4hr timeframe. I think it depends on the people's perspective some people have accurate analysis on bigger timeframe and some are in small timeframe.
I'm not using bots that's why I'm just trading in the daily chart. A slow way of making money I guess because sometimes I exit back to USDT after several days or a week after. And sometimes I just earn $20 to $50 if the movement of the price goes more than 5%.
I have not seen anyone distributing free bots in crypto trading actually. While we are at this thread, may I ask where you got the bots and is it free?
For me the best time frame when trading is 1hour or 15 minutes because you can see all of the trends and of course the potential of the coin such where is the next distination of the candles. Especially using some useful indicators you can really determine the exact direction with that time frame even for shorting it's very effective.
Most traders are targeting fluctuations that are due to the sudden increase in demand, so 5 minutes to a quarter of an hour seems ideal if the platform has sufficient trading volumes, and it may need more than that for platforms with low liquidity.
So 5 minutes seems perfect to me and we rarely see individual trading pairs like 7 minutes.
So 5 minutes seems perfect to me and we rarely see individual trading pairs like 7 minutes.
I tried trading 5min time frame once and could not make any decision I was only staring at the speed at which new candle sticks were forming without taking any position. For me higher time frames is where I feel more comfortable mostly on the H4 time frame and D1 when I want my trade to cross over the next days mostly when I'm certain about the direction of the market
When day trading i keep my eyes on the 30 min time frame. Sometimes i increase the time frame to see how the coin does if i feel it has more potential
All timeframes are necessary. I'm starting with weekly candles to know where market is going and slowly going down to lower timeframes. You need to know whole picture to not trade against big market moves. If price is on strong support on weekly candles I will not short only because chart on 5 min candles looks bearish. Good daytrader should build wide price awareness and go to lower time frames to find best spot to open position in a direction where whole market is going on big timeframes. So when i know when market is going, I go to 5 min candles to find sweet spot, when I'm almost sure its here i switch to 1 min candles to open position with as small stop loss as possible. When trade is not behaving how I predict I close before stoploss hit. Risk/reward ratio is insane here because you are out when chart on 1 min candles fail or you close with small profit or ... you just open position that can be holded for weeks because its not against global trend.
I'm also a day trader and the time format you using for your trading is very short, but i use more than that, at least a half hour, because the about the coins we can't say anything that at which stage it will pump and it will go down, so i think that waiting for some more time will give us benefit as well.
That's really a short timeframe. Other traders that I know of use 15-min at the very least, coupled with 30, and 1 hr. I guess it depends on how many times you want to make a trade each day? How's the result of your bot anyway? If it's good enough for you then I guess there's no need to change.
I normally use 1 min, 5 min and 15 min for intra day trading. 7m or maybe 4m timeframes are potentially a good idea for spitting stuff other people have missed and I normally check my strategy is obvious on more than one chart before opening a position so it'd probably help with that. It's going to be dependent on your strategy though, if you're relying on things like support and resistance, you might be better off looking at what everyone else is.
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?
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