T2W Bot

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One of the challenges a new trader faces – amongst many others – is finding the optimal time interval for the candlesticks being plotted on their charts. The trading approach or style one implements will of course, have a big influence. For instance, a swing trader (one who intends on holding positions for days and weeks) will have little use for, let’s say, a 144-tick chart. On the other hand, a day trader may find tick charts an essential part of his analysis.
The most commonly used time frames are 1, 3, and 5-minute candles. When deciding which period to utilize, one must keep in mind that the shorter the time frame, the noisier the chart. In other words, the shorter time frames generate many more signals; however, those signals have a higher propensity to fail.
Traders that use ultra short-term charts (1 minute or less) are usually what we refer to in the industry as scalpers. These traders are in and out of the market in rapid-fire succession, typically taking 3 to 5 tick...

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