This is the TimeToTrade help wiki. Use the TimeToTrade Trigger Trading Technology™ to execute your trades when Price, Candle Stick, Trend Line, Volume and Technical Analysis chart conditions are met - no coding required. Trade directly in the world’s global markets. Backtest your Trading Strategies. Calculate your UK HMRC Capital Gains Tax liabilities. Manage your Investment Club.
Alert Interval Periods
Triggers are used to create alerts. Each alert trigger is based on an interval period. Alerts are either checked at the close of each interval or on each tick during the interval. When creating timetotrade alerts it is therefore essential to consider the interval period you select.
Understanding Interval Periods
The standard chart and alert intervals are for example 1 minute, 5 minutes, 15 minutes, 1 day 'candles'. All standard intervals are divisible by the next larger unit of time. The units of time are:
For example there are 12 x 5 second candles in a minute; there are 4 x 15 minute candles in an hour; there are 12 x 2 hour candles in a day. All of the standard candles can be divided without a remainder into the next larger unit of time.
Custom interval periods can be used, such as 11 minutes. However it should be noted that if the interval period does not divide into the next larger unit of time, the last candle within the next larger unit of time will be shorter than the other candles. Using the 11 minute example, candles will be formed using price data collected between:
- 09:00 -> 09:11
- 09:11 -> 09:22
- 09:22 -> 09:33
- 09.33 -> 09:44
- 09:44 -> 09:55
- 09:55 -> 10:00
Note that the last candle does not contain a full 11 minutes of price data
Setting the Alert Trigger Interval
When creating alert triggers the interval can be set by updating the 'Using the interval' fields as illustrated:
In this example the interval was set to check if the 1 day candle close price falls below 1.36 at the close of the interval i.e. at the end of the trading day as the interval period is set to 1 day.
Consider the following chart with the 1.36 support level highlighted:
If this alert had of been active during the period illustrated on the chart it would not have triggered, because although the low price during January was less than 1.36, the candle close price was above the 1.36 level.
In order to get an alert if the low price was below 1.36 then there are two choices. The first choice is to change the alert to test if the low price was below 1.36 as illustrated:
If the alert trigger was changed to use the low price, then the alert would have triggered twice in January at the end of the trading day i.e. at the close of the interval the alert would be checked to see if the low price was less than 1.36.
However if you wanted to set up an alert that would notify you if the low price on the 1 day candle falls below 1.36, and you wish to receive that alert when this happens during the trading day, this can be achieved by changing the alert trigger to check 'on each tick during the interval' as illustrated:
Within a given interval, on each tick, the alert trigger is evaluated if set to check on each tick during the interval.
It has never been easier to execute your trading strategy. Our Trigger Trading Technology ® means you can now automatically execute your trades directly in the world’s global markets.
You need never miss a trading opportunity again!
Do you want to:
- buy when your technical analysis chart conditions are met? Really buy, not just get an email or sms alert?
- or sell when a support trend line is broken?
- or back-test your strategy going back as far as 30 years?
TimeToTrade's Trigger Trading Technology™ is truly game changing. It gives you a trading advantage. The power to take your trading to a new level.
Open a FREE TimeToTrade account today to:
- Trade UK, US and European Shares - apply now
- Execute trades when your Price, Candlestick, Trend Line, Volume and Technical Analysis chart conditions are met using the Trigger Trading Technology® - learn more - help video
- Email and SMS Trigger Trading™ Alerts - learn more
- Trade Off The Chart - learn more
- Back Test Trading Strategies with up to 30 years of historical data - learn more
- Create Simulated Trading Accounts to test your Trigger Trading™ Strategies - learn more
- Real time Forex, UK, European and US stock market data - learn more
- 170+ Technical Analysis and Candlestick Pattern Indicators - learn more
- All the tools you need to set up and run a successful investment club - learn more
- Manage your Portfolio and calculate UK HMRC Capital Gains liabilities and SA 108 CGT Tax Returns - learn more
- Create Trading Competitions for you and your friends - learn more
- Apply for a trading account today to get the Live Account Features - apply now
Apply now to try our superb platform and get your trading advantage.
The information and data provided is for educational and informational purposes only. Interpretation and use of the information and data provided is at the user's own risk. All information and data on this website is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information and data is provided "as is" without warranty of any kind. We make no representations as to the accuracy, completeness, or timeliness of the information and data on this site and we reserve the right, in its sole discretion and without any obligation, to change, make improvements to, or correct any errors or omissions in any portion of the services at any times. Past performance is not a guarantee of future results. Trading carries a high level of risk to your capital and can result in losses that exceed your deposits. It may not be suitable for everyone so please ensure you fully understand the risks involved.
All services are provided by Mercor Index Ltd. TimeToTrade is a trading name of Mercor Index Ltd (a company registered in England and Wales under number 9479466). Our Registered address is 1st Floor, Aldermary House, 10-15 Queen Street, London, EC4N 1TX. Mercor Index Ltd is authorised and regulated by the Financial Conduct Authority number 679941.
The trading services offered by Mercor Index Ltd are not available to residents of the United States and are not intended for the use of any person in any country where such services would be contrary to local laws or regulations. Subscriptions to TimeToTrade products are available if you are not eligible for trading services.