Medium-frequency trading bots
Scalping and intraday trades are strategies executed by medium-frequency bots. The former is limited to 1 to 15 minutes, with a maximum duration of one hour. The latter has a timeframe of 15 minutes to 4 hours, and the position is closed before the end of the day.
In scalping, positions are held for a couple of minutes so the risk is minimal and profits are small. Intraday positions also close within a day, but they are held for a few hours, increasing the risk compared to scalping but also resulting in greater profits.
AI Use in Trading
Artificial Intelligence has altered numerous sectors, and the world of trading is no exception. However, it is still more of a helper to traders.
Effect of timeframes on a strategy
When it comes to creating a trading bot, the first thing you need to decide is what time frame your bot will operate on. Each time frame has its benefits and drawbacks.