Which timeframe do you use for day trading?
Which timeframe do you use for day trading?
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?
Bianka Travis Answered question July 22, 2024
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.
Bianka Travis Answered question July 22, 2024