Which timeframe do you use for day trading?

[Oshosondy]

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.

[Inspiron14]

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.

Yes basically as long as you know how it works regarding trading bots it's not really a problem,
however there will be risks so consider it seriously before using a trading bot,
it's probably much better to trade manually

[jrrsparkles]

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.

[sklopan]

To be honest, I almost always use different options. Most often - for the reason that the market dictates completely different conditions.

[RealMalatesta]

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,
however there will be risks so consider it seriously before using a trading bot,
it's probably much better to trade manually

It is basically a 7/24 thing and you could be asleep when something goes south. That is why I do not use trading bot,s not because I can't set it up or anything, I have used it for many years and I was pretty darn good at it 90%+ of the time.

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.

[South Park]

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,
however there will be risks so consider it seriously before using a trading bot,
it's probably much better to trade manually

It is basically a 7/24 thing and you could be asleep when something goes south. That is why I do not use trading bot,s not because I can't set it up or anything, I have used it for many years and I was pretty darn good at it 90%+ of the time.

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.

And that is the problem with bots, bots only see what it is happening with the price and nothing more, but while this may work under normal circumstances it does not work when you find yourself in the middle of a crash, so most trading bots tend to perform terribly when that is the case, which means that even if bots can do a great job most of the time they fail just at the moment that you need them the most, which explains why bots are not as popular as they could be.

[SaveOurSea]

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

[AicecreaME]

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.

[Munir575]

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.

[DoublerHunter]

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.

[LUCKMCFLY]

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.

[so98nn]

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.

[palle11]

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.

[Bushdark]

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.

[Cryptomiles1]

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.

[CryptocurencyKing]

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.