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.
Shaven Head Candlestick Alerts
On the TimeToTrade charts, an indicator can be added to detect Shaven Head Candlestick patterns. The indicator can then be used to execute trades, provide an Email or SMS text message notification when your Candlestick chart patterns have been met or backtest trading strategies.
A Shaven Head Candlestick is similar to the Hammer Candlestick, with the key difference being that there is no head on the candle. It consists of a bullish or bearish candlestick with a small body at the candle high, with no head and a long tail. It is considered a bullish pattern when preceded by a downward trend or when the market is over sold or at a point of support.
Learn more about the Shaven Head indicator.
Shaven Head Candlestick Alerts
You can use TimeToTrade to execute trades, notify you or backtest trading strategies, for example when the Shaven Head has been identified. Use the chart settings to add the Shaven Head Candlestick indicator.
After adding the Shaven Head indicator to the charts, click on the rising threshold chart trigger to create your alert. In the following example, an alert will be set up to provide a notification of when the Shaven Head rises above 0, therefore indicating that the Shaven Head has been identified.
Enter a message to remind yourself why the alert was created, select how you would like to be notified when the alert trigger conditions are met, then set 'reactivate alert' if you would like to get alerts each time your alert trigger conditions are met. Click on the green 'Activate' button on the Alert Builder when finished:
Shaven Head Trading Strategies
You can use TimeToTrade to execute trades when your Trigger Trading™ alert conditions have been met. For example, an order can be created to buy 100,000 GBPUSD when your Shaven Head alert trigger conditions have been met, with a take profit order if the price increases by 20 points / pips and a stop loss if the price decreases by 10 points as per the following example:
TimeToTrade can also be used to create alerts on Price and Volume as well as the technical indicators such as Stochastic, RSI, Bollinger Bands and Moving Averages plus a lot more. You can also create alerts on your own Custom Indicators.
Once you are familiar with creating basic alerts you can use TimeToTrade's advanced features to customise your alerts to suit you. You can build compound alerts containing multiple trigger conditions against price and multiple technical indicators; for example: you could set up an alert to notify you, or execute a trade, when the price falls below a defined value followed by the stochastic increasing above 20 and then a positive MACD crossover:
You can also edit the alert message you will receive and be notified by Email and SMS text messages when your alert trigger conditions are met.
To learn more about Sequencing and Grouping Multiple Alert Triggers click here.
Check Alert Triggers at Interval Close or on Each Tick During the Interval
Alerts can be set up to check if the trigger condition has been met at the end of an interval or on each tick during the interval. When creating alerts, click on the alert trigger and set the 'Check trigger when' field to 'interval closes' or 'on each tick during the interval' to change the behaviour.
For example if you wanted to check if the Close Price at the end of a 15 minute interval rises above 1.5, select 'interval closes' as illustrated:
If however you wanted to check for example if the hourly RSI falls below 30 and want to get an alert if that happens during the 1 hour interval, rather than checking at the close of the 1 hour interval, check the alert trigger 'on each tick during the interval' as illustrated:
Go to the Ask a Question section on the TimeToTrade forum to see the type of alerts and trading strategies that TimeToTrade users are creating:
- Ask a Question
- Trading Strategies
- Help Videos
- Technical Analysis Alerts
- How to Backtest your Alerts and Trading Strategies
Use can use TimeToTrade to execute trades or notify you when price, trendline, technical analysis, volume or candlestick chart conditions are met. Trade-Off The Chart, backtest, simulate and optimise your trading strategies, all without writing a single line of computer code. Set up a FREE account today.
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- 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?
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- All the tools you need to set up and run a successful investment club - learn more
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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.
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