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.
Time your trades to perfection - Investors Chronicle
Created: 8 September 2009
Written by: Dominic Picarda
Link to article in the Investors Chronicle
Timing is everything in trading. While it barely matters at all for long-term investing, entering and exiting the market at the right moments will determine whether you make profits or get wiped out as a trader. Doing so involves first figuring out which are likely to be the most favourable technical conditions for a successful trade and then opening your position when those conditions next appears on the chart.
Of course, there's no guarantee that when your ideal trading set-up next occurs that you will necessarily be watching the screen. timetotrade is a service for private traders that specifically addresses this problem. You specify a set of technical conditions for a particular market and then get an alert as soon as they next occur. The alert arrives as a text message on your mobile phone and/or as an email or instant message on your computer.
For instance, you might study recent trends and decide that a certain share is worth short-selling whenever the price strays above its upper Bollinger band, accompanied by a daily and hourly relative strength index reading above 72. Simply by clicking on the relevant indicators on the share's chart on timetotrade’s website, you can set up an alert to be sent the exact moment that those criteria are satisfied.
The ability to do everything via the chart rather than by learning some fiddly programming language is a huge advantage and something I have not come across elsewhere. I was able to set fairly complex alerts within minutes of starting with timetotrade. By contrast, I have yet to grasp the tools on my usual charting packages that allow users to search for trading set-ups, even though I’ve been using them for years!
The range of indicators on offer allows you to finesse your terms of entry and exit to a much greater extent than in this basic example, however. Other tools include the stochastic and MACD momentum oscillators, as well as moving averages, the Williams percent range and true strength index. And, you can adjust the settings on each of these indicators according to your needs. So, you might specify a 5-period relative strength index, rather than the customary 14-period one.
There is no limit on the number of conditions you can set. As a result, you can watch out for some really sophisticated set-ups. You might thus scan for situations where a negative MACD crossover occurs on the hourly, 15 minute and 5 minute charts, accompanied by at least a certain decrease in the relative strength index within a 5-minute time-frame!
On the latest version of timetotrade - launched this week - you can also get alerts when a price breaches a line drawn by you on the chart. This could simply be a support or resistance level running horizontally across the screen, or a sloping line, such as a trendline or even a "wedge" or "triangle" pattern.
At present, you can follow and get alerts in real-time on an impressive variety of foreign exchange pairs, as well as UK shares and indices. Prices for American and Indian shares come on a 15-minute delay, while end-of-day data is available for the Singapore and Nairobi stock exchanges.
Overall, I am extremely impressed with this service, which takes very little effort or learning to use and has few obvious rivals in the retail trading market. It also contains an impressive range of other facilities that I haven't yet tested out, including portfolio tracking, tax calculators, news and chat. According to the company, future releases will contain further improvements, such as the ability to refine your charting alert conditions to include "if" and "or" criteria.
The service is easily within reach of even the smallest private traders. The full version of timetotrade costs just £19.99 a month, which allows you up to 50 text-message alerts within that period.
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 TigerWit Limited. TimeToTrade is a trading name of TigerWit Limited (a company registered in England and Wales under number 9479466). Our Registered address is TigerWit, 7th Floor, Augustine House, 6A Austin Friars, London, EC2N 2HA, England. TigerWit Limited is authorised and regulated by the Financial Conduct Authority number 679941.
The trading services offered by TigerWit Limited 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.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading spread bets with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. All clients should be aware that trading involves risk.