Day Trading Indicator – auto trade


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I have seen most of the codes are for swings, do you have any code or indicator/strategy for day trading.

Please let me know thx.

 

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Posted by (Questions: 2, Answers: 0)
Asked on November 11, 2019 8:35 pm
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The short answer is no. I don't have indicators for a specific style of trading or time duration.

Which means I don't have indicators for "swings". I have indicators. And they are used by a wide variety of traders for a wide range of trading styles. The only difference between a so-called "day trade" and a "swing trade" is duration. That's it. It's mostly impacted by your chosen risk/reward parameters, which dictate which time frame you put on the chart. The lower the time frame, the smaller your risk/reward parameters, the shorter your trade duration.

It's very important that you grasp this. Markets are fractal (google it). Which means they consist of the same structures at all time frames. Higher highs and higher lows. Or lower highs and lower lows. That's it. Nothing more to it than that.

Since you are asking this question its very likely you are brand new to this entire topic. Please take some time to read the following articles that will help you build a good foundation and answer some very important questions that you have not yet thought to ask.

https://www.hahn-tech.com/learning-how-to-trade/

https://www.hahn-tech.com/strategies-winning-percent-versus-risk-reward/

https://www.hahn-tech.com/automated-trading-systems/

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Posted by (Questions: 37, Answers: 4118)
Answered on November 12, 2019 1:43 pm