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Beginner - Watch charts and/or use alerts?
dmck
Posts: 1 ✭
Hi I am a complete beginner and wanted to ask:
How does trading actually goes?
Do you have to sit hours and hours watching different assets waiting for a situation that fits your strategy to happen?
OR, without having programing skills, Is there a way to create alerts that will tell you when a price/position of an asset fits at least one or some of your criteria and then you go and check the relevant chart?
For example, suppose that I trade on a 5 min expiry time. For my strategy, one of the criteria is that RSI is above 80 or below 20. Can I create an alert that will tell me when one of the assets that I can trade hits that number. This way I could then check the charts to see if the rest of the criteria are in place?
Thank you very much,
DM
How does trading actually goes?
Do you have to sit hours and hours watching different assets waiting for a situation that fits your strategy to happen?
OR, without having programing skills, Is there a way to create alerts that will tell you when a price/position of an asset fits at least one or some of your criteria and then you go and check the relevant chart?
For example, suppose that I trade on a 5 min expiry time. For my strategy, one of the criteria is that RSI is above 80 or below 20. Can I create an alert that will tell me when one of the assets that I can trade hits that number. This way I could then check the charts to see if the rest of the criteria are in place?
Thank you very much,
DM
