Free trading strategies which can be automated: the 1-Minute Breaks strategy. (2024)

FAQs

Free trading strategies which can be automated: the 1-Minute Breaks strategy.? ›

The 1-Minute Breaks strategy uses a profit target order and a stop loss order. If you activate the Tradeguard, these two orders will be placed automatically. Both the target and the stop are placed at a distance of 3 times the ATR. Live orders can be grabbed in the chart and dragged to other price levels.

Set a Clear Entry and Exit Strategy

One of the biggest challenges in 1-minute trading is timing. Traders must be able to enter and exit trades quickly to make profits. This requires a clear entry and exit strategy. Some traders use limit orders to automatically enter and exit trades at predetermined price levels.

Weighted Average Price: Often considered one of the most efficient automated trading strategies, weighted average price strategy involves calculating more accurate asset prices by using larger data sets with numbers of varying degrees of importance.

The Opening Range Breakout (ORB) is a classic trading strategy designed to capitalise on volatility during the first few minutes following the market's opening bell. Rooted in principles laid down in the 1960s, the strategy remains relevant today for both stock and forex markets.

1-Minute Supertrend Scalping Strategy

Entry: When the line turns green/red, we can enter with a long/short market order as the candle closes. Stop Loss: Above or below the nearest swing high/low, depending on the direction of the trade. Take Profit: You can close the trade when Supertrend switches to another colour.

One of the favored indicators for 1-minute scalping is Moving Averages, particularly EMA (Exponential Moving Average). It helps in identifying the short-term trend direction in a given asset. Scalpers use it to find entry and exit points, optimizing their trades for quick profits.

The 15 minute ORB Strategy is determined by using the High and Low from the first 15 minutes of the regular session (930am - 945am ET), but there are others who have successfully traded with a 5 minute ORB or even a 30 minute ORB strategy.

Volume Spread Trend This is a very simple yet powerful to identify Trend and corresponding volume Breakout. Unlike other Volume Indicators this indicator detects Breakout along with trend direction.

Inside bars are perhaps the most 'classic' price action breakout strategy because they show a breakout from the consolidation of the inside bar setup. On a lower time frame such as a 1 hour chart, a daily chart inside bar will look take the form of a consolidation range, sometimes a triangular range.

What is the best combination with Supertrend? ›

However, Super Trend needs to be used in conjunction with other indicators like RSI, Parabolic SAR, MACD, etc to receive filtered signals. Moreover, Supertrend also works as a trailing stop-loss for the existing trades and acts as strong support or resistance.

1-minute chart: It is useful for very short term scalping strategies and identifying opening range breakouts. Trader requires quick execution and constant monitoring for this time chart.

With the 1-minute time frame, traders have the opportunity to enter and exit multiple trades within a single trading session. This can be advantageous for traders who are looking to make a high volume of trades and generate profits from small price movements.

Because price bars occur frequently, 1-minute chart traders typically have the opportunity to take more trades per day than larger time frames. With a winning system, more trades mean more profit and faster compounding of the account.