Timing is everything- especially when we are talking about trading, right?
Some hours (or even minutes) within the trading day have unique characteristics; high/low volume, distinctive volatility, or specific times where traders are looking to get rid of their holdings for the day. But while the markets around the globe keep moving around the clock, how can one take advantage of timing opportunities without starring at the screen 24/7, waiting for the right moment to act?
If you feel like you’re missing out on opportunities too often due to wrong timing, the next video is right for you.
Let me show you an easy, smart and efficient solution to automatically time your trades in advance.
Timing your trades with Capitalise.ai – how does it work?
Capitalise.ai enables you to time your entry & exit in a way that only if a certain event happens at a certain time your orders will be triggered. No coding or techy knowledge is needed, only plain English. You can build trading bots based on a variety of tech indicators, patterns, news events and set the right timing for them to trigger.
Common timing scenarios
- Between or except-between specific hours: if you are not a fan of high volumes, you may want to execute orders (solely) in the middle of the day. Before or after setting the conditions, choose “between” from the wizard suggestions and set the desired trading time. Or, vice versa, If you wish to avoid specific hours, set the times when the strategy will not trigger. For example, if you want the strategy to run for 24 hours (Crypto guys), except for the boring, low volatility, late-night hours- choose the “except between” suggestion, and write 00:00 – 09:00 EST (NYSE hours)- before or after you have set the conditions.
- Before or after a specific time:
Trading days are usually starting loud. If the opening frenzy may disrupt your easy-going, solid strategy, set the entry condition to trigger a few hours after the market opens. Choose “after” at the beginning, or the end of the entry strategy, and determine the time at which the strategy will start to trigger afterward.
The most common function of the “before” condition is closing all the open positions right before the trading day ends. We will now see two ways to achieve that. The first one, using the “before” condition, is by setting the exit strategy to close the position “before” 15:59 (or 03:59 PM) EST*.
- At a specific minute:
The third, and last, timing condition is “at”. This one is pretty straightforward – define a specific minute when if the conditions are met – the strategy (entry or exit) will trigger. For example, writing “close position at 03:59 EST” is another way to be sure that the position will be closed right by the end of the trading day*. This can be applied for opening a position, in every minute within the trading day, for example: “Buy 10 MSFT at 12:00 EST”. The strategy will trigger at this specific time if the “at” condition is the only one. Otherwise, the strategy will trigger only if the other conditions in this strategy will be met at this specific minute.
When to use which
When in doubt about when to use which timing conditions, think about the other conditions in the strategy. When put with other conditions in the same strategy, the timing conditions apply for all the conditions in the strategy, and not just the buy and sell. For example, if you are waiting for RSI>80, and set the timing condition “before 13:00 and after 15:00 EST”, the strategy will trigger only if RSI will be greater than 80 anytime in these time frames. On the other hand, if the strategy is “Buy 10 MSFT if RSI>80 at 15:00 EST”, the strategy will trigger at 15:00 EST only if the RSI is indeed greater than 80, at 15:00 precisely.
*Note: pay special attention to holidays and special days when the exchange closes earlier than usual.
Trade on any timezone
Automate your trades’ timing with Capitalise.ai & Tickmill
With Capitalise.ai you can test and automate any trading scenario, using a simple & intuitive interface – no coding or technical knowledge required.
Simply type in your trading strategy in everyday English and Capitalise.ai will monitor the markets 24/7 for you. Once your conditions are met – your trading orders will be sent automatically to your Tickmill account.
100% free for Tickmill traders!